When Can a Study Sponsor Pay Different Prices to Different Sites and Not Violate Fair-Market-Value Principles?

摘要

“Fair market value” (FMV) can be defined as “the price in an arm’s length transaction between a willing seller and a willing buyer.” When, in a competitive market (i.e., with no collusion between sellers or between buyers), like sellers are providing like products to like buyers at the same price, that price can be said to be the fair market value.