California Compliance Declaration
Annual Declaration of Compliance with California Health & Safety Code §119402
Effective as of January 1, 2025
California Health and Safety Code §119400-119402 (the “California Act”) requires pharmaceutical companies to adopt a Comprehensive Compliance Program in accordance with the OIG Guidancel, as well as to develop policies for compliance with the PhRMA Code.
PTx is committed to conducting its business ethically and in compliance with all applicable laws and has established a Compliance Program in accordance with the California Act.
PTx has established a maximum annual aggregate dollar limit of $2,500 for gifts, promotional materials or items or activities provided to California health care professionals. This dollar limit is a maximum only and does not necessarily represent a typical, average, usual or customary amount.
The annual spending limit does not apply to the following:
- Drug samples given to physicians and other HCPs intended for free distribution to patients;
- Financial support for continuing medical education forums;
- Financial support for health educational scholarships; or
- Payments for legitimate professional services, including, but not limited to consulting.
To the best of its knowledge, and based upon a good faith understanding of the statutory requirements of the California Act, PTx declares that it is in compliance with its Compliance Program.