GAIN, part of the FDA Safety and Innovation Act that was signed into law in July 2012, allows for a drug to be classified as a qualified infectious disease product (QIDP) that, in turn, moves up the PDUFA review decision date by two months and, if approved, provides companies with five additional years of market exclusivity to recoup their investments.
Like the manufacturers' sales tax, the wholesale sales tax ordinarily excludes services, although sales of gas and electrical energy are sometimes included. 3. RETAIL SALES TAX: A retail sales tax is one which applies to sales at retail of tangible personal property to final consumers and industrial users.
Figuring out how much to charge a wholesale distributor is a tricky matter. As a general rule, they will expect 55 percent to 65 percent off of the Manufacturers' Suggested Retail Price (MSRP). With larger orders they will expect free shipping. That's a lot of ground.