{
  "url": "https://openlegislation.uk/eu-regulation-2016-793/article-3",
  "json_url": "https://openlegislation.uk/eu-regulation-2016-793/article-3.json",
  "legislation": "eur/2016/793",
  "legislation_title": "Regulation (EU) 2016/793 of the European Parliament and of the Council of 11 May 2016 to avoid trade diversion into the European Union of certain key medicines (codification)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2016-793",
  "path": "article/3",
  "kind": "article",
  "number": "3",
  "heading": null,
  "text": "The tiered price referred to in Article 4(2)(b) shall, at the option of the applicant, be either:\n(a)no higher than the percentage set out in Annex III of the weighted average ex factory price charged by a manufacturer in markets of the Organisation for Economic Cooperation and Development (OECD) for the same product at the time of application; or\n(b)a manufacturer's direct production costs, with the addition of the maximum percentage which is set out in Annex III.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2016/793/article/3",
    "retrieved_at": "2026-11-01T14:45:50.442523+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}