maximum fair price
(3) Maximum fair price The term “maximum fair price” means, with respect to a year during a price applicability period and with respect to a selected drug (as defined in section 1320f–1(c) of this title ) with respect to such period, the price negotiated pursuant to section 1320f–3 of this title , and updated pursuant to section 1320f–4(b) of this title , as applicable, for such drug and year.