Par Pharmaceutical, Inc. ("Par" or the "Company") hereby declares as follows:
To the best of our knowledge, and based on our good faith understanding of statutory requirements, Par has established a Comprehensive Compliance Program ("CCP") compliant with the requirements of California's Health and Safety Code (Section 119400 - 119402).
Par's CCP is tailored to the size, organizational structure and resources of the Company and has been developed to meet the issues addressed by the above mentioned California Law.
By making this declaration, Par is not asserting that it can prevent individual employees from improper conduct and/or otherwise violating the standards set forth in the CCP.
Par has established procedures to identify potential violations and will discipline employees as necessary.
As of the date of this declaration, such procedures are in place and will be reassessed periodically and no less frequently than on an annual basis.
Dated: July 1, 2008
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