Average Manufacturer Price definition

Average Manufacturer Price. (“AMP”) shall mean the average price paid to a manufacturer by wholesalers for drugs distributed to retail pharmacies. This definition shall be consistent with the definition set forth in section 1927(k)(1) of the Social Security Act.

Average Manufacturer Price means the price reported to the federal Centers for Medicare and Medicaid Services pursuant to Section 1927 of the federal Social Security Act (42 U.S.C. Sec. 1396r-8).

Average Manufacturer Price shall have the meaning defined in the Social Security Act, 42 U.S.C. §1396r-8(k).

Examples of Average Manufacturer Price in a sentence

• The 340B ceiling price for a covered outpatient drug is equal to the Average Manufacturer Price (AMP) from the preceding calendar quarter for the smallest unit of measure minus the Unit Rebate Amount (URA) and will be calculated using six decimal places.

• The 340B ceiling price is based on quarterly pricing data reported to the Centers for Medicare & Medicaid Services (CMS) and is calculated by subtracting the Unit Rebate Amount (URA) from the Average Manufacturer Price (AMP).

• Xxxxxx’x obligation under this Section 2.8(b) may include, but shall not be limited to, providing aggregate sales and rebate transaction data, Average Manufacturer Price and Best Price calculations, other data or information regarding sales or pricing (both on and off-invoice) of the Generic Product by Xxxxxx necessary for the government submissions, as determined by Salix in its reasonable discretion.

• Pursuant to section 340B(a)(1) of the PHSA, the 340B ceiling price is calculated by subtracting the Unit Rebate Amount from the Average Manufacturer Price.

• Please only submit offers on products solicited and in FDB.Note that, pursuant to Texas Statutes Chapter 531, Government Code, §531.070(m), all supplemental rebate offers must be submitted using Average Manufacturer Price (AMP).

More Definitions of Average Manufacturer Price

Average Manufacturer Price means the average price paid by a wholesaler to a pharmaceutical manufacturer, after the deduction of any customary prompt payment discounts, for a product distributed for retail sale. [;]

Average Manufacturer Price. (AMP) means Manufacturer’s price for the Covered Product(s). AMP will be calculated accordance with 42 U.S.C. § 1396r-8(k)(1) and as specified in Manufacturer’s CMS Agreement.

Average Manufacturer Price means the same as that set forth in

Average Manufacturer Price or “AMP” shall have the meaning set forth in Section 1927(k)(1) of the Act as implemented by 42 C.F.R. 447.504.

Average Manufacturer Price or “AMP” shall mean the Average Manufacturer Price as set forth in 42 U.S.C.

Average Manufacturer Price or “AMP” shall mean the Average Manufacturer Price as set forth in 42 U.S.C. §1396r-8, and final regulations promulgated by CMS thereto, if any, as such statute or regulations may be amended from time to time.

Average Manufacturer Price. (“AMP”)” means, The Average Manufacturer Price as defined in 42 U.S.C. 1396r-8(k)(1), Social Security Act section 1927(k)(1), and final regulations promulgated by CMS thereto, if any, as such statute or regulations may be amended from time to time and shall exclude rebates paid under CMS-authorized Supplemental Rebate Agreements.