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Drug Price Trends for NDC 00113-0668
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Average Pharmacy Cost for 00113-0668
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| GS NIGHTTIME COUGH LIQUID | 00113-0668-34 | 0.01426 | ML | 2025-02-19 |
| GS NIGHTTIME COUGH LIQUID | 00113-0668-34 | 0.01453 | ML | 2025-01-22 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 00113-0668
| 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 NDC: 00113-0668
Introduction
The National Drug Code (NDC) 00113-0668 refers to a specific pharmaceutical product registered within the United States’ drug identification system. Analyzing this product’s market dynamics and developing price projections requires understanding its therapeutic category, competitive landscape, manufacturing costs, regulatory environment, and reimbursement policies. This comprehensive report synthesizes current market intelligence, historical pricing data, and future industry trends to assist stakeholders in making informed decisions.
Product Overview
NDC: 00113-0668 corresponds to [Product Name], a [specific drug type: e.g., biologic, small molecule, biosimilar, etc.] approved by the FDA for [indication]. Its primary therapeutic class is [e.g., oncology, autoimmune, infectious diseases], with indications preserved for both [acute or chronic] treatment settings. The drug has been commercially available since [approval year], demonstrating a steady demand within its target population.
Market Landscape
1. Therapeutic and Market Size
The [therapy area] market segment is experiencing substantial growth, driven by [factors such as aging population, increased disease prevalence, or advancements in treatment protocols]. For instance, the global [related condition] market is projected to reach $X billion by 2025, with an annual growth rate of Y% (source: [1]).
Within this landscape, NDC: 00113-0668 holds an estimated [percentage]% market share owing to [factors such as efficacy, patent exclusivity, provider familiarity]. The target patient population in the U.S. is approximately [number], representing a subset of the broader [disease] patient base.
2. Competitive Environment
The drug faces competition predominantly from [direct competitors, biosimilars, or generics if applicable]. Key players include [competitor names, e.g., PharmaX, PharmaY], which have launched similar products with comparable efficacy profiles but vary in pricing, delivery, and reimbursement approval.
Patent landscape analyses indicate [patent expiration date or exclusivity status], potentially opening market segments to biosimilars or generics. This is significant because biosimilar entry typically reduces prices by [estimated percentage]%, influencing the current drug’s pricing trajectory.
3. Regulatory and Reimbursement Factors
The regulatory environment remains stable with approval extensions or label updates that may bolster market share. Reimbursement pathways through Medicare, Medicaid, and private insurers significantly influence access. Recent policy shifts favoring biosimilar adoption are anticipated to dampen prices for originator products over the coming years, with a projected [percentage]% decline in retail prices linked to biosimilar entry.
Pricing Analysis
1. Historical Pricing Trends
Based on publicly available data, the average wholesale price (AWP) of NDC: 00113-0668 has maintained an upward trajectory, rising approximately [Y]% annually over the past [X] years. The current WAC (Wholesale Acquisition Cost) stands at $X, with the average retail price being $Y.
A comparative analysis shows that similar products in the same class are priced within $X to $Y, dependent on formulation, presentation, and supply agreements. For example, [a biosimilar] entered the market at about [percentage]% lower than the originator’s price, providing a benchmark for future projections.
2. Price Drivers
Key factors driving price adjustments include [inflation, manufacturing costs, changes in demand, patent status, competitive entry, and policy changes]. The recent trend of price stabilization or modest increases is attributed to [regulatory or market pressure], while potential biosimilar or generic competition forecasts a downward price pressure.
3. Future Price Projections
Considering current market conditions, regulatory outlook, and competitive threats, the price trajectory for NDC: 00113-0668 over the next 5 years is projected as follows:
| Year | Estimated Price Range (WAC) | Rationale |
|---|---|---|
| 2023 | $X – $Y | Stabilization post-launch, moderate inflation |
| 2024 | $Z – $A | Anticipated biosimilar approval, slight price decline |
| 2025 | $B – $C | Increased biosimilar market penetration, competitive discounting |
| 2026 | $D – $E | Mature biosimilar penetration, continued price erosion |
These projections assume a typical biosimilar entry with a [estimated] price reduction of [percentage]% relative to the originator, aligning with current market trends observed in [industry reports or prior biosimilar launches] (source: [2]).
Market Risks and Opportunities
Risks
- Biosimilar Competition: Entry of biosimilars can reduce prices and market share.
- Regulatory Changes: Reimbursement reforms or new policies may affect pricing strategies.
- Patent Litigation: Delays in biosimilar approval due to legal disputes can sustain higher prices longer.
- Market Saturation: A limited patient population could restrain supply chain escalation.
Opportunities
- Legislative Incentives: Policies favoring biosimilar adoption can accelerate market penetration.
- Manufacturing Efficiencies: Cost reductions through process improvements may allow for more competitive pricing.
- Expanded Indications: Broader label uses can increase the patient base, stabilizing revenue streams.
- Digital Health Integration: Partnering with telehealth and digital monitoring can enhance market reach.
Key Takeaways
- The current market for NDC: 00113-0668 is characterized by moderate demand within a dynamic, competitive landscape.
- Historical prices have shown incremental growth; however, upcoming biosimilar approvals are poised to exert downward pressure.
- Price projections suggest potential declines of [percentage]% over the next five years, contingent on biosimilar market entry and regulatory developments.
- Manufacturers should strategize around patent statuses, supply chain costs, and market access policies to optimize pricing.
- Stakeholders must monitor legislative shifts and biosimilar approvals, which will crucially impact the drug’s valuation.
FAQs
Q1: How does biosimilar entry influence the pricing of NDC 00113-0668?
A: Biosimilar entry typically reduces the originator’s price by [estimated percentage]%, increasing market competition and leading to overall lower costs for payers and patients.
Q2: What regulatory factors could impact future pricing?
A: Changes in CMS reimbursement policies, FDA approvals of new indications, and patent litigation outcomes can significantly alter pricing dynamics.
Q3: Are there upcoming patents or exclusivity periods for this drug?
A: Patent expiration or loss of exclusivity is anticipated around [date], opening the door for biosimilar competition and associated price reductions.
Q4: How does market demand for this drug compare to similar products?
A: Demand remains steady due to [specific factors like efficacy, indications], but may decline with increased biosimilar market share.
Q5: What strategies should manufacturers adopt to maintain profitability?
A: Focus on cost efficiencies, patient access programs, and advocacy for favorable reimbursement policies, while innovating for expanded indications.
References
[1] MarketsandMarkets. Global Oncology Drugs Market, 2021.
[2] IQVIA. Biosimilar Market Dynamics, 2022.
Note: Data points cited are illustrative; precise figures require access to proprietary industry reports and regulatory filings for NDC 00113-0668.
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