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Current as of January 01, 2025 | Updated by Findlaw Staff
Subdivision 1. Scope. For purposes ofsections 62J.841to62J.845, the following definitions apply.
Subd. 2. Consumer Price Index. “Consumer Price Index” means the Consumer Price Index, Annual Average, for All Urban Consumers, CPI-U: U.S. City Average, All Items, reported by the United States Department of Labor, Bureau of Labor Statistics, or its successor or, if the index is discontinued, an equivalent index reported by a federal authority or, if no such index is reported, “Consumer Price Index” means a comparable index chosen by the Bureau of Labor Statistics.
Subd. 3. Generic or off-patent drug. “Generic or off-patent drug” means any prescription drug for which any exclusive marketing rights granted under the Federal Food, Drug, and Cosmetic Act, section 351 of the federal Public Health Service Act, and federal patent law have expired, including any drug-device combination product for the delivery of a generic drug.
Subd. 4. Manufacturer. “Manufacturer” has the meaning given insection 151.01, subdivision 14a, but does not include an entity that must be licensed solely because the entity repackages or relabels drugs.
Subd. 5. Prescription drug. “Prescription drug” means a drug for human use subject toUnited States Code, title 21, section 353(b)(1).
Subd. 6. Wholesale acquisition cost. “Wholesale acquisition cost” has the meaning provided inUnited States Code, title 42, section 1395w-3a.
Subd. 7. Wholesale distributor. “Wholesale distributor” has the meaning provided insection 151.441, subdivision 14.
Cite this article: FindLaw.com - Minnesota Statutes Insurance (Ch. 59A-79a) § 62J.841. Definitions - last updated January 01, 2025 | https://codes.findlaw.com/mn/insurance-ch-59a-79a/mn-st-sect-62j-841/
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