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This document outlines Hospira Healthcare Corporation (Canada)'s compliance undertaking related to the pricing of the drug Precedex and the excess revenues collected beyond the Patented Medicine Prices
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Read the instructions carefully provided with the form.
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Gather all necessary documents and information related to your compliance issue.
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Fill out the form by providing accurate and detailed information as requested.
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Who needs Voluntary Compliance Undertaking?
01
Individuals or businesses facing non-compliance issues or violations seeking to rectify their situation.
02
Parties involved in regulatory matters who wish to demonstrate a commitment to compliance.
03
Those aiming to avoid penalties or enforcement actions by voluntarily disclosing violations.
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What is Voluntary Compliance Undertaking?
A Voluntary Compliance Undertaking is a self-imposed commitment made by an individual or organization to adhere to certain regulations or standards, often to correct a non-compliance issue without undergoing formal enforcement actions.
Who is required to file Voluntary Compliance Undertaking?
Entities or individuals who have identified non-compliance with regulations or are at risk of non-compliance typically file a Voluntary Compliance Undertaking to demonstrate their commitment to rectifying the issue.
How to fill out Voluntary Compliance Undertaking?
To fill out a Voluntary Compliance Undertaking, provide the required identification details, specify the compliance issues being addressed, outline the corrective actions planned or taken, and include any relevant documentation to support your undertaking.
What is the purpose of Voluntary Compliance Undertaking?
The purpose of a Voluntary Compliance Undertaking is to proactively address and rectify compliance issues, minimize potential penalties, and demonstrate an organization's commitment to following applicable laws and regulations.
What information must be reported on Voluntary Compliance Undertaking?
The information that must be reported typically includes the nature of the non-compliance, actions taken to rectify the issue, timelines for completion, and any supporting documents that validate the compliance efforts.
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