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Drug Price Trends for TAZTIA XT
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Average Pharmacy Cost for TAZTIA XT
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| TAZTIA XT 180 MG CAPSULE | 62037-0697-90 | 0.21224 | EACH | 2024-07-17 |
| TAZTIA XT 120 MG CAPSULE | 62037-0696-30 | 0.17882 | EACH | 2024-07-17 |
| TAZTIA XT 360 MG CAPSULE | 62037-0700-90 | 0.51623 | EACH | 2024-07-17 |
| TAZTIA XT 120 MG CAPSULE | 62037-0696-90 | 0.17882 | EACH | 2024-07-17 |
| TAZTIA XT 240 MG CAPSULE | 62037-0698-30 | 0.28769 | EACH | 2024-07-17 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Market Analysis and Price Projections for TAZTIA XT
Introduction
TAZTIA XT, a brand of diltiazem hydrochloride extended-release capsules, is a medication primarily used for the treatment of hypertension. This analysis will delve into the current market dynamics, usage, and price projections for TAZTIA XT, providing insights for healthcare providers, pharmacies, and patients.
Indications and Usage
TAZTIA XT is indicated for the treatment of hypertension and can be used alone or in combination with other antihypertensive medications. Its once-a-day dosage makes it a convenient option for managing blood pressure[1].
Market Presence
Utilization and Prescription Trends
TAZTIA XT is part of the broader class of calcium channel blockers, which are widely prescribed for hypertension. According to data from Oklahoma's Medicaid program, TAZTIA XT capsules in various strengths (e.g., 180mg, 240mg, 360mg) are regularly prescribed, indicating a steady demand for this medication[4].
Cost and Reimbursement
The cost of TAZTIA XT varies by dosage and is influenced by factors such as state Medicaid programs and pharmacy benefit managers. For instance, in Oklahoma, the cost per claim for TAZTIA XT 360mg/24hr capsules was approximately $64.16 in Fiscal Year 2021[5].
Price Projections
General Trends in Pharmaceutical Prices
The pharmaceutical market is experiencing a projected 3.8% increase in drug prices, driven largely by specialty pharmaceuticals. While TAZTIA XT is not classified as a specialty drug, general trends in pharmaceutical pricing can impact its cost[3].
Specific Projections for TAZTIA XT
There is no specific projection for TAZTIA XT in the latest market outlooks, but it is likely to follow general trends in the pharmaceutical market. Given that TAZTIA XT is a non-specialty medication, its price increase might be more modest compared to specialty drugs.
Impact of Biosimilars and Generics
The rise of biosimilars and generic alternatives can influence the pricing of branded medications like TAZTIA XT. However, since TAZTIA XT is already a generic form of diltiazem hydrochloride, the impact of biosimilars on its pricing is minimal.
Economic Impact
Healthcare Cost Savings
The use of extended-release formulations like TAZTIA XT can contribute to healthcare cost savings by reducing the need for multiple daily doses and potentially improving patient compliance. However, the overall economic impact is more nuanced and depends on various factors, including the patient population and comorbidities[2].
Pharmacy Expenditures
Managing pharmacy expenditures is crucial, especially with rising drug costs. TAZTIA XT, being a part of the broader antihypertensive market, contributes to the overall pharmacy spend. Healthcare providers and pharmacies must balance the cost of medications like TAZTIA XT with the need for effective treatment options[3].
Supply Chain and Availability
Drug Shortages and Supply Chain Issues
The pharmaceutical industry has faced challenges such as drug shortages and supply chain disruptions. While TAZTIA XT is not specifically mentioned in recent reports on drug shortages, any disruptions in the supply chain could impact its availability and pricing[3].
Regulatory and Policy Influences
Medicaid and Insurance Coverage
The coverage and reimbursement rates for TAZTIA XT under Medicaid and other insurance programs can significantly influence its market dynamics. Changes in policy or reimbursement rates can affect the demand and pricing of the medication[4].
Patient Impact
Compliance and Adherence
The once-a-day dosage of TAZTIA XT can improve patient compliance, which is a critical factor in managing hypertension effectively. Better compliance can lead to improved health outcomes and reduced long-term healthcare costs.
Cost Burden
For patients, the cost of TAZTIA XT can be a significant factor, especially for those without comprehensive insurance coverage. Any increase in the price of the medication could exacerbate the financial burden on patients.
Key Takeaways
- Indications and Usage: TAZTIA XT is used for treating hypertension and can be used alone or in combination with other antihypertensive medications.
- Market Presence: It is a regularly prescribed medication with a steady demand.
- Price Projections: Likely to follow general pharmaceutical price trends with a modest increase.
- Economic Impact: Contributes to healthcare cost savings through improved compliance and reduced need for multiple daily doses.
- Supply Chain and Availability: Subject to general supply chain issues but not specifically reported as being in short supply.
- Regulatory and Policy Influences: Coverage and reimbursement rates under Medicaid and insurance programs significantly influence its market dynamics.
- Patient Impact: Once-a-day dosage improves compliance, but price increases can burden patients financially.
FAQs
What is TAZTIA XT used for?
TAZTIA XT is used for the treatment of hypertension and can be used alone or in combination with other antihypertensive medications.
How does the dosage of TAZTIA XT impact patient compliance?
The once-a-day dosage of TAZTIA XT can improve patient compliance by simplifying the medication regimen.
What are the projected price trends for TAZTIA XT?
TAZTIA XT is likely to follow general pharmaceutical price trends with a modest increase, estimated around the overall market projection of 3.8%.
How does Medicaid coverage affect the market dynamics of TAZTIA XT?
Medicaid coverage and reimbursement rates significantly influence the demand and pricing of TAZTIA XT.
What are the potential economic benefits of using TAZTIA XT?
Using TAZTIA XT can contribute to healthcare cost savings through improved patient compliance and reduced need for multiple daily doses.
Can supply chain issues affect the availability of TAZTIA XT?
Yes, TAZTIA XT can be affected by general supply chain issues, although it is not specifically reported as being in short supply.
Sources
- Drugs.com: Taztia XT: Package Insert / Prescribing Information.
- Milliman: Potential economic impact of integrated medical-behavioral healthcare.
- Vizient Inc.: Vizient Projects 3.8% Drug Price Increase Driven by Specialty Pharmaceuticals.
- Oklahoma.gov: Published Annual Reviews.
- Oklahoma.gov: Fiscal Year 2021 Print Annual Reviews March 2022.
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