All medicines on F2T Sample Clauses

All medicines on F2T. Medicines on F2T will be subject to the following pricing arrangements: • A one-off 25% mandatory price reduction will apply on 1 August 2008. • The 12.5% price reduction policy will continue to apply, where relevant. • Price reductions for medicines on F2T will flow on to all brands, forms and strengths of that medicine and to medicines that are interchangeable with that medicine at the patient level. • For a defined list of interchangeable patented medicines on F2T, the 25% price reduction will be phased over the remaining patent life. • Price disclosure: – Suppliers listing a new brand on or after 1 January 2011 must agree to disclose the actual market price as a condition of listing. – The first price reductions resulting from disclosure will take effect from 1 August 2012. 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. • Pharmaceutical wholesalers and suppliers providing medicines direct to pharmacists will be required to supply products listed on F2T at the new price level two weeks before the 1 August 2008 price reductions. Pharmacists will continue to be reimbursed at the existing rate until the 1 August 2008 price reductions take effect.
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