Chain Drug Store Right Ans - A company that owns and operates four or
more pharmacies (CVS, Walgreens, etc.)
Section 503 of the FFDCA Right Ans - A wholesale distributor of
prescription drugs must be licensed by the state where it does business
PDMA Right Ans - Prescription Drug Marketing Act
- amended section 503 of the FFDCA
Primary Wholesale Distributors Right Ans - - Buy most of their drugs
directly from manufacturers
- Legally considered authorized distributors by the PDMA, b/c they usually
have ongoing relationships with manufacturers
Secondary Wholesale Distributors Right Ans - - Buy from primary and
other secondary wholesalers as well as manufacturers
- Not considered "authorized distributors" of the manufacturers within the
meaning of the PDMA
Authorized Distributor Right Ans - Any distributor of a prescription drug
that has a written agreement with the manufacturers of the prescription drug
and conducts at least 2 transactions with the manufacturer of the drug within
any 24 month period
Average Wholesale Price (AWP) Right Ans - - A published wholesaler price
or "price list" suggested by the manufacturer of the drug.
- Although it does not capture the actual transaction prices, it serves as a
reference for pricing, negotiations, and reimbursement
Brokerage Right Ans - The combination of drop-ship and dock-to-dock
delivery services provided by wholesalers.
Buy-side Margin Right Ans - - Refers to the early payment discounts and
other earned or negotiated rebates and discounts received by wholesalers
from drug manufacturers.
- Increase in the value of wholesaler's inventory as manufacturers' prices rise
are also considered buy side margins
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