Manufacturers Don’t Forget: Virginia Drug Pricing Reports are Due April 1st
March 2021, Virginia passed the Prescription Drug Price Transparency Regulation requiring pharmaceutical manufacturers to annually report prescription drug pricing information. The State Board of Health approved emergency regulations September 2021 and became effective on or about December 28, 2021, requiring the first price reporting due April 1, 2022.
Important facts to keep in mind:
- New users must create an account. Once the account is set up, Virginia will email the login credentials.
- There are civil penalties if report is not submitted by April 1st which starts at $500 for the first day up to $2500 for the fifth day and each subsequent day in which the reporting entity fails to report.
For your convenience, the following are key links:
- Website and New User Registration: www.vhi.org/rxpricing
- User Manual: Prescription Drug Price Transparency Submission Manual.pdf (vhi.org)
- Email for questions: firstname.lastname@example.org
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