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

• Average Manufacturer Price (AMP) Will have the meaning set forth in section 1927(k)(1) of the Act as implemented by 42 CFR 447.504.

• Average Manufacturer Price AMP Average price paid to manufacturers by wholesalers for drugs distributed to the retail pharmacy.

• Persons engaged in these functions include individuals whose job responsibilities include the calculation and reporting of Average Sales Price (ASP), Average Manufacturer Price (AMP), Best Price, the 340B Program ceiling price, Average Wholesale Price (AWP) (if applicable), and all other information calculated and reported by Amgen and used in connection with Federal health care programs.

• Effective with the reporting period in which the Transition Date occurs, Sellers shall name Purchasers as a designee, with certification access, in the Drug Data Reporting for Medicaid system for purposes of reporting the Average Manufacturer Price (“AMP”) (as defined at 42 U.S.C. § 1396r-8(k)(1)) and the Best Price (as defined at 42 U.S.C. § 1396r-8(c)(1)(C)) and other required pricing data for the Product(s) bearing an NDC of Sellers.

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 or “AMP” shall mean the Average Manufacturer Price as defined in Section 1927(k)(1) of the Social Security Act, 42 U.S.C. Section 1396r-8(k)(1), and final regulations promulgated by the Centers for Medicare and Medicaid Services (“CMS”), as such statute or regulations may be amended from time to time. The AMP shall exclude rebates paid under this Agreement.

Average Manufacturer Price means the same as that set forth in

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

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 price reported to the federal Centers for Medicare and Medicaid

Average Manufacturer Price means the price is the average price paid to the manufacturer for the drug in the United States by wholesalers for drugs distributed to retail pharmacies, after deducting customary discounts;