All medicines on F2A Sample Clauses

All medicines on F2A. Medicines on F2A will be subject to the following pricing arrangements: • Staged price reductions of 2% per year for three years will apply commencing on 1 August 2008. • The 12.5% price reduction policy will continue to apply, where relevant. • Price reductions for medicines on F2A will apply to all brands, forms and strengths of that medicine and to products that are interchangeable with that medicine. • Price disclosure: – Suppliers listing a new brand on or after 1 August 2007 must agree to disclose the actual market price as a condition of listing. Staged price reductions for that medicine will apply until such time as the price of the medicine is based on the disclosed price. – The first price reductions resulting from disclosure will take effect from 1 August 2009. Price reductions will reflect the weighted average disclosed price, taking account of volume and price information for each disclosing supplier. – The first disclosure of pricing information for an item will include at least 12 months of data. Pricing based on disclosure will then continue on an annual cycle.
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