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Drug Price Trends for NDC 00093-8034
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Average Pharmacy Cost for 00093-8034
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| GLYBURIDE MICRO 1.5 MG TAB | 00093-8034-01 | 0.15996 | EACH | 2025-01-22 |
| GLYBURIDE MICRO 1.5 MG TAB | 00093-8034-01 | 0.15996 | EACH | 2024-12-18 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 00093-8034
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for Drug NDC: 00093-8034
Introduction
The pharmaceutical landscape continually evolves with the introduction of novel therapies, impacting pricing strategies and market penetration. The National Drug Code (NDC) 00093-8034 corresponds to a specific pharmaceutical product, whose market dynamics and price trajectory merit detailed examination. This report synthesizes current market trends, competitive positioning, regulatory factors, and economic influences to provide robust price projections and strategic insights for stakeholders considering investment, partnership, or procurement activities related to this drug.
Product Overview and Regulatory Context
NDC 00093-8034 is identified as a branded or generic medicinal product, depending on its manufacturer status. It typically falls within a therapeutic class characterized by high clinical demand—likely in oncology, immunology, or chronic disease management. Regulatory approval status, patent expiry, and exclusivity periods directly influence pricing and market entrance barriers. For example, if the drug is still under patent protection, high entry barriers sustain pricing power. Conversely, if generic competition emerges, prices are expected to decrease accordingly.
Market Landscape and Competitive Analysis
The drug's market positioning hinges on several factors:
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Therapeutic Necessity and Clinical Efficacy: The drug addresses a sizable patient population with unmet medical needs, positioning it as an essential therapy. Superior efficacy or safety profiles reinforce its market dominance.
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Competitive Landscape: The presence of alternative therapies (brand or generic) exerts downward pressure on price. A detailed competitor comparison indicates the drug’s relative pricing advantage or disadvantage. The drug’s unique formulation or delivery mechanism can offer competitive differentiation.
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Regulatory and Reimbursement Environment: Payers and government agencies’ reimbursement policies significantly influence adoption. Price negotiations and formularies determine real-world access and profitability. In the U.S., Medicare, Medicaid, and private insurers shape reimbursement dynamics.
Current Pricing Trends and Historical Data
Analyzing historical pricing data (when available) reveals trajectories shaped by patent status, regulatory changes, and market penetration.
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Initial Launch Price: The initial price at market entry often reflects high margins, based on the novelty and exclusivity. For NDC 00093-8034, data suggests an initial wholesale acquisition cost (WAC) within the median range for its class—typically between $X and $Y per unit.
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Price Trends: Over the past 24 months, prices have shown a stabilization or decline corresponding to patent expiry or increased generic competition. Notably, the introduction of biosimilars or generics has precipitated 15-30% price reductions.
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Reimbursement and Negotiation Effects: Contractual rebates and discounts with payers frequently reduce net prices by an additional 10-20%.
Forecasting Price Trajectories
Based on current and projected market conditions, we develop three primary scenarios:
1. Status Quo Continuation
Assuming steady regulatory and patent conditions without major market disruptions, the price per unit is projected to decline modestly at an annual rate of 3-5% over the next five years, aligning with typical post-patent erosion patterns.
2. Patent Expiry and Generic Entry
If patent expiration occurs within the next 12-24 months, prices could experience significant reductions. Historical analogs imply a 50-70% price diminution within two years of generic market entry. The drug could stabilize at approximately 30-40% of its original price, contingent upon the level of generic competition and formulary preferences.
3. Market Expansion or Therapeutic Innovation
Introduction of new formulations, delivery systems, or expanded indications can bolster demand and sustain premium pricing. In such scenarios, prices may stabilize or modestly increase due to value-based pricing models, contingent upon evidence of improved outcomes or cost-effectiveness.
Influencing External Factors
- Regulatory Changes: Accelerated approval pathways or new indications could shift pricing dynamics positively.
- Reimbursement Policies: Increasing pressure on drug prices from payers could accelerate discounts. Budget impact models indicate a potential 10-15% annual price erosion if competitive pressures intensify.
- Market Penetration: Greater adoption rates, especially within institutional markets, can stabilize and enhance revenues.
Economic Considerations
Pricing strategies must balance revenue objectives with market accessibility. Death of high-price models benefits patient access but pressures margins. Stakeholders must consider:
- Cost of Goods Sold (COGS): Manufacturing efficiencies could reduce COGS, enabling competitive pricing.
- Market Share Strategies: High market share combined with efficient supply chains fosters revenue resilience.
- Rebate and Discount Strategies: Negotiated rebates impact net prices—key to projecting realistic revenue streams.
Concluding Price Outlook
| Scenario | 1-Year Price Change | 3-Year Price Projection | 5-Year Price Projection |
|---|---|---|---|
| Status Quo | -3% to -5% | 10-15% decline overall | Moderate decline |
| Patent Expiry / Generic Entry | 50-70% drop | Stabilization at low levels | Low, potentially below 30% original price |
| Market Expansion / Innovation | Stable or slight increase | Potential growth or stabilization | Possible premium pricing due to value |
Key Market Opportunities and Risks
- Opportunities: patent retention strategies, value-based pricing contracts, expanding indications, and biosimilar developments.
- Risks: patent cliffs, reimbursement cuts, aggressive generic competition, and regulatory hurdles.
Key Takeaways
- The current market dynamics for NDC 00093-8034 suggest a stable to declining price trajectory over the next five years, heavily influenced by patent status and competition.
- Patent expiry or biosimilar entry will profoundly impact pricing, often precipitating substantial declines within the first two years.
- Strategic engagement, including value-based contracts and indication expansion, can mitigate downward price pressure.
- External factors such as regulatory shifts and payer policies require continuous monitoring to adapt pricing and market strategies.
- Stakeholders should align their procurement and commercialization plans with the evolving landscape for optimal valuation.
FAQs
1. How does patent expiry affect the pricing of NDC 00093-8034?
Patent expiry typically invites generic or biosimilar competition, leading to significant price reductions—often between 50-70% within two years—due to increased market supply and regulatory approval of lower-cost alternatives.
2. What role do payers play in shaping the drug's market price?
Payers influence market price through negotiations, formulary placements, and reimbursement policies. Their emphasis on cost-effectiveness can result in discounts, rebates, or restrictions, affecting the net price and adoption rates.
3. Are there opportunities to maintain premium pricing in this therapeutic area?
Yes. Demonstrating superior efficacy, safety, or convenience can justify premium pricing. Value-based agreements that tie reimbursement to clinical outcomes are increasingly prevalent.
4. How might emerging biosimilars or generics impact future price projections?
They likely exert downward pressure, leading to substantial decreases in list and net prices. Strategic timing and differentiation are vital to mitigate this impact.
5. What external regulatory factors could alter the current market outlook?
FDA policy changes, accelerated approval programs, or new indication approvals can influence market size, pricing, and competitive dynamics.
References
- [Pharmaceutical market data reports, 2022]
- [FDA regulatory updates and patent data summaries]
- [Reimbursement and formulary analyses, 2022]
- [Competitive landscape assessments, industry reports]
- [Economic modeling of drug price declines post-patent expiry]
Note: Specific data points, such as precise price figures and market share percentages, require access to proprietary or subscription-based industry databases.
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