SCHEDULE 4PERIODIC FEES FOR LICENCES

PART 2Value of the Product Sold or Supplied

Determining the total value of the product2

For the purposes of this Schedule, the “total value of the product” means, the gross value at manufacturer’s prices of all medicinal products to which the authorization relates that are sold or supplied in the United Kingdom by the holder of that authorization during a period of 12 months preceding the commencement of the relevant fee period.