F1 medicines entering F2 after 1 August 2007 Sample Clauses

F1 medicines entering F2 after 1 August 2007. Medicines moving from F1 will, as a general rule, join the F2A formulary. • The 12.5% price reduction policy will continue to apply, where relevant. • Staged price reductions of 2% will apply as per F2A up to and including 1 August 2010. • 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. – The first price adjustments 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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