What is a Nevada Pharmaceutical Wholesaler Bond?
Those involved in wholesale pharmaceutical drug distribution often must post surety bonds in order to legally conduct business in the state of Nevada. A $25,000 surety bond is required if the company is a Non-Publicly Traded Corporation, Partnership or Sole-Owner based on the following conditions: accredited by the National Association of Boards of Pharmacy under the Verified-Accredited Wholesale Distributors (VAWD) program; a manufacturer of prescription drugs; or A facility that distributes prescription drugs manufactured by a single manufacturer. For all other Non-Publicly Traded Corporations, Partnerships or Sole-Owner wholesalers, a $100,000.00 Surety Bond is required by the state.
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