Certain statements in this website are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements that do not describe historical facts and statements that include the word "will," "believes," "anticipates," "expects," "plans," "intends," "designs", "predicts", "seeks", "estimates", "may", "should", "could", "would", "potential" or similar language, as well as statements regarding consumer, physician or marketplace acceptance of the Company's new or existing products; comments concerning marketing and consumer acceptance of proprietary products; initiatives by the TaroPharma group; the Company's research and facilities expansion programs; Taro's filings with the FDA; and the Company's growth.
Although Taro Pharmaceutical Industries Ltd. believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it has no assurance that its expectations will be attained. Factors that could cause actual results to differ include general economic conditions, industry and market conditions, slower than anticipated penetration of new markets, changes in the Company's financial position, regulatory actions and legislative actions in the countries in which Taro operates, future demand and market size for products under development, marketplace acceptance of new or existing products, either generic or proprietary, the situation in the Middle East, disruption of commercial activities related to terrorist activity or armed conflict within the countries in which Taro operates, the effects of natural disasters and other risks detailed from time to time in the Company’s SEC reports, including its Annual Reports on Form 20-F where we explain that the preparation of the Company’s financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses.
We evaluate, on an ongoing basis, our estimates, including those related to bad debts, income taxes and contingencies. We base our estimates on currently available information, our historical experience and various other assumptions that we believe to be reasonable under the circumstances. The results of these assumptions are the basis for determining the carrying values of assets and liabilities that are not readily apparent from other sources. Since the factors underlying these assumptions are subject to change over time, the estimates on which they are based are subject to change accordingly. Forward-looking statements speak only as of the date on which they are made. The Company undertakes no obligations to update, change or revise any forward-looking statement, whether as a result of new information, additional or subsequent developments or otherwise.