negotiation period
Defined in 1 place of the United States Code.
The term “negotiation period” means, with respect to an initial price applicability year with respect to a selected drug, the period—
(A) beginning on the sooner of—
(i) the date on which the manufacturer of the drug and the Secretary enter into an agreement under section 1320f–2 of this title with respect to such drug; or
(ii) February 28 following the selected drug publication date with respect to such selected drug; and
(B) ending on November 1 of the year that begins 2 years prior to the initial price applicability year.
Source
- 2026–present42 U.S.C. § 1320fThe Public Health and Welfare · Establishment of program · for purposes of this part
The term "negotiation period" means, with respect to an initial price applicability year with respect to a selected drug, the period—
(A) beginning on the sooner of—
(i) the date on which the manufacturer of the drug and the Secretary enter into an agreement under section 1320f–2 of this title with respect to such drug; or
(ii) February 28 following the selected drug publication date with respect to such selected drug; and
(B) ending on November 1 of the year that begins 2 years prior to the initial price applicability year.
For purposes of this part:
Source
- 2022–202642 U.S.C. § 1320fThe Public Health and Welfare · Establishment of program · for purposes of this part