Nevada § 439B.695 - Administrative penalty for failure to provide information to Department; use of money collected by Department

§ 439B.695. Administrative penalty for failure to provide information to Department; use of money collected by Department

1. If a pharmacy that is licensed under the provisions of chapter 639 of NRS and is located within the State of Nevada fails to provide to the Department the

information required to be provided pursuant to NRS 439B.655 or fails to provide such information on a timely basis, and the failure was not caused

by excusable neglect, technical problems or other extenuating circumstances, the Department

may impose against the pharmacy an administrative penalty of not more than $500 for

each day of such failure. 2. If a manufacturer fails to provide to the Department the information required by NRS 439B.635 , 439B.640 or 439B.660 , a pharmacy benefit manager fails to provide to the Department the information required

by NRS 439B.645 , a wholesaler fails to provide to the Department the information required by NRS 439B.642 or a nonprofit organization fails to post or provide to the Department, as applicable,

the information required by NRS 439B.665 or a manufacturer, pharmacy benefit manager, wholesaler or nonprofit organization

fails to post or provide, as applicable, such information on a timely basis, and the

failure was not caused by excusable neglect, technical problems or other extenuating

circumstances, the Department may impose against the manufacturer, pharmacy benefit

manager, wholesaler or nonprofit organization, as applicable, an administrative penalty

of not more than $5,000 for each day of such failure. 3. If a pharmaceutical sales representative fails to comply with the requirements

of NRS 439B.660 , the Department may impose against the pharmaceutical sales representative an administrative

penalty of not more than $500 for each day of such failure. 4. Any money collected as administrative penalties pursuant to this section must be

accounted for separately and used by the Department: (a) For purposes relating to improvement of transparency concerning the costs of prescription

drugs, including, without limitation, carrying out and administering the provisions

of NRS 439B.600 to 439B.695 , inclusive, and 439B.800 to 439B.875 , inclusive; and (b) To establish and carry out programs to: (1) Educate patients concerning ways to reduce the cost of health care and prescription

drugs; and (2) Provide education concerning chronic diseases.