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Barr History

Founded in 1970 in New York, Barr Laboratories, Inc. was one of the first generic pharmaceutical companies in the United States. In 1972, the Company launched its first generic product and was one of the earliest producers of antibiotic products. However, the growth of the Company, and the generic pharmaceutical industry as it is known today, did not begin in earnest until more than a decade later.

The milestone that is acknowledged as the start of the modern generic pharmaceutical industry was the Drug Price Competition and Patent Restoration Act in 1984. This law, often called the Hatch-Waxman Act, opened the floodgates for generic competition for pharmaceutical products, creating the modern generic pharmaceutical industry. Hatch-Waxman established the criteria which has become the foundation of generic product approval.

Following the approval of Hatch-Waxman, Barr and other members of the generic pharmaceutical industry experienced significant and rapid growth in both the number of products offered and the market share captured by these products.

In the mid-1990s, Barr's management refocused development, manufacturing and marketing on distinctive products in five core therapeutic categories: female healthcare therapies (including oral contraceptives and hormone therapy products), cancer treatments, treatments for heart disease, anti-infectives, and psychotherapeutics. Today, the Company manufactures and markets both generic and proprietary pharmaceutical products in these categories and is the leader in oral contraceptives.

In January 2004, the Company was reincorporated in Delaware as Barr Pharmaceuticals, Inc. Barr Laboratories, Duramed Research, Inc. and Duramed Pharmacueticals, Inc. were established as subsidiaries of Barr Pharmaceuticals. The action enabled the company to take full advantage of Delaware corporate law and created a corporate structure more optimally aligned for future growth.

In 2004, the Company ranked sixth among the top 10 independent companies in the $11 billion generic pharmaceutical business.

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