§346-314  Rebate agreement.  (a)  A drugmanufacturer or labeler that sells prescription drugs in the State shall enterinto a rebate agreement with the department for this purpose.  The rebateagreement shall require the manufacturer or labeler to make rebate payments tothe department each calendar quarter or according to a schedule established bythe department.

(b)  The administrator shall negotiate theamount of the rebate required from a manufacturer or labeler in accordance withthis part.

(c)  The administrator shall take intoconsideration the rebate calculated under the medicaid rebate program pursuantto Title 42 United States Code section 1396r-8, the average wholesale price ofprescription drugs, and any other information on prescription drug prices andprice discounts.

(d)  The administrator shall use theadministrator's best efforts to obtain an initial rebate amount equal to orgreater than the rebate calculated under the medicaid program pursuant to Title42 United States Code section 1396r-8.

(e)  With respect to rebates effective July 1,2007, the administrator shall use the administrator's best efforts to obtain arebate amount equal to or greater than the amount of any discount, rebate, orprice reduction for prescription drugs provided to the federal government. [L2002, c 76, pt of §1; am L 2004, c 47, §5; am L 2007, c 60, §§1, 2]