Common use of Price Reductions Clause in Contracts

Price Reductions. 6.1 Existing patent expired medicines and medicines due to go off patent within 6 months of the commencement of the new Agreement For patent expired medicines or medicines whose patents expire in the 6 months period following the commencement of the new Agreement: ▪ 6 months following the commencement of the new Agreement, the price to wholesaler will be reduced by 20% ▪ 22 months after the first price reduction, the price to wholesaler will be reduced by a further 15% of the original price to wholesaler.