Record keeping

We maintain accurate records of our business activities to sustain our operations as well as satisfy legal and regulatory requirements.

Maintaining accurate business records is essential not only to sustaining our day-to-day business operations but also preserving our credibility with customers, regulators and vendors. PharmaNest is committed to maintaining accurate records for all of our Company’s activities. Records include all documents created in the course of business, reports for our own management and reports made available to our customers, regulators, vendors and other stakeholders.

We adhere to Generally Accepted Accounting Principles (GAAP), research practice guidelines and quality requirements for the recording and reporting of financial reports, scientific data and quality records, respectively. All reports, including the underlying books and records, must be complete, accurate and reliable. The Company maintains internal controls designed to promote effective and efficient record keeping and reporting consistent with applicable legal requirements. Additionally, all Company records must be maintained, stored and, when appropriate, destroyed in accordance with Company records retention policies and applicable procedures. In certain instances, such as those involving legal proceedings or government authorities, we may be required to maintain records for periods longer than those described in Company records retention policies. To understand which records must be preserved, or if a question arises as to the interpretation of a Records and Information Retention Policy, please contact the Legal Department.