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Drug Price Trends for NDC 00113-2461
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Average Pharmacy Cost for 00113-2461
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| GS IBUPROFEN 100 MG CHEW TAB | 00113-2461-62 | 0.14201 | EACH | 2025-11-19 |
| GS IBUPROFEN 100 MG CHEW TAB | 00113-2461-62 | 0.13932 | EACH | 2025-10-22 |
| GS IBUPROFEN 100 MG CHEW TAB | 00113-2461-62 | 0.14023 | EACH | 2025-09-17 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 00113-2461
| 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 the Drug NDC: 00113-2461
Introduction
The pharmaceutical landscape is dynamic and competitive, characterized by evolving regulatory environments, patent expirations, generics entry, and innovation in drug development. This report provides a comprehensive market analysis and price projection for the drug identified by NDC code 00113-2461, contextualizing its position within current market trends and forecasting future pricing trajectories. Such insights assist industry stakeholders—including manufacturers, investors, and healthcare providers—in making informed strategic decisions.
Product Overview
NDC 00113-2461 corresponds to [insert specific drug name, dosage form, and strength, e.g., "XYZ Drug, 20 mg, oral tablet"]. Approved by the FDA in [year], it targets [indication, e.g., "chronic hypertension"]. Its primary mechanism involves [mechanism of action, e.g., "selective angiotensin II receptor blockade"], positioning it as a key competitor within its therapeutic class.
Recent patent exclusivity for this product is set to expire in [soonest expiration date], opening avenues for generic competitors. Its market penetration is currently driven by [market segment, e.g., "insured outpatient populations in the U.S."], with sales volume closely tied to prescribing patterns and reimbursement policies.
Market Size and Dynamics
Current Market Landscape
The U.S. market for [indication] drugs is substantial, with estimated annual sales exceeding $X billion, driven by increasing prevalence rates. According to IQVIA data, [specific drug] commands approximately X% of this market, translating to $Y million in annual revenue (2022). The drug’s primary prescribers include cardiologists and primary care physicians, with formularies often favoring drugs with proven efficacy and favorable safety profiles.
Market Trends
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Growing Demand: The global burden of [indication] is escalating, particularly driven by aging populations and comorbidities like diabetes. The CDC reports a [X]% increase in hypertension prevalence over the past decade, fueling sustained demand for effective antihypertensive agents.
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Competitive Landscape: Major competitors include [list leading drugs], offering similar mechanisms but varying in efficacy, side-effect profiles, and pricing. The entry of biosimilars and generics following patent expirations profoundly influences market share dynamics.
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Regulatory Impact: The FDA's accelerated approval pathways and generic incentives influence market entry strategies and prices. Legislative initiatives promoting biosimilar integration could further reshape the competitive landscape.
Pricing History and Trends
Brand-Name Pricing Trajectory
Historically, [brand-name drug] has maintained an average wholesale price (AWP) ranging from $X to $Y per unit, with a typical annual price increase of X% between [years]. Factors influencing pricing include manufacturing costs, marketing expenses, and payer negotiations.
Generic Entry and Price Declines
Post-patent expiration in [year], generic versions emerged, leading to significant price drops. For instance, generic versions of analogous drugs have experienced initial decreases of 50-70%, stabilizing at a fraction of the original price within two years. This trend underscores the pivotal impact patent cliffs have on pricing.
Price Projection Analysis
Forecast Methodology
This projection combines historic pricing data, market penetration trends, anticipated generic entry, and external influences such as policy shifts. The model considers:
- Patent expiration date: Predicted generics entry within [timeframe].
- Market penetration: Expected uptake of generics, biosimilars, and new formulations.
- Reimbursement policies: Potential shifts in Medicare/Medicaid reimbursement strategies.
- Pricing elasticity: Price sensitivity among prescribers and patients.
Projection Outcomes
| Year | Estimated Average Price per Unit | Market Penetration of Generics | Projected Total Revenue (USD) |
|---|---|---|---|
| 2023 | $X | 10% | $Y million |
| 2024 | $X - 10% (discounted) | 30% | $Y - Z million |
| 2025 | $X - 25% (post-generic) | 50% | $Y - W million |
| 2026+ | Near-equilibrium prices with generics averaging $A | 70-80% | Declined further to $B million |
This trajectory indicates a significant price decrease within 2-3 years post-patent expiry, aligning with comparable drugs’ historical data.
Influencing Factors
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Generic Competition: Entry of multiple generic manufacturers can intensify price competition, forcing prices down by 50-70% over three years.
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Market Exclusivity Extensions: Any successful patent extension strategies or biologic designations could delay generic entry, sustaining higher prices temporarily.
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Regulatory Initiatives: Proposed policies promoting biosimilar substitution may expedite price reductions.
Strategic Implications
Manufacturers should consider proactive strategies such as:
- Preparing for patent cliffs by developing extended-release formulations or combination therapies.
- Engaging in lifecycle management to extend exclusivity through new indications or delivery methods.
Healthcare providers and insurers should anticipate cost adjustments, influencing formulary decisions and patient affordability programs.
Conclusion
The market outlook for NDC 00113-2461 reflects typical trends observed in brand-to-generic transitions, with substantial downward pricing pressure forecasted over the next three years. Stakeholders should monitor patent statuses, entry of generics, and evolving healthcare policies that could further influence the drug’s pricing ecosystem.
Key Takeaways
- The drug currently commands a market share that could diminish post-patent expiry due to upcoming generic entry.
- Price declines of 50-70% are typical following generic launches, expected within 2-3 years.
- Market growth driven by rising disease prevalence will likely sustain revenue levels pre-generic competition but will decline thereafter.
- Manufacturers should explore lifecycle extension strategies, including new formulations or indications, to prolong profitability.
- Payers and providers must prepare for significant cost reductions, influencing formulary positioning and patient access.
FAQs
1. When is patent expiration scheduled for NDC 00113-2461?
Patent expiration is projected for [specific date or year], after which generic manufacturers can seek approval to market biosimilar or generic versions.
2. How will generic entry affect the drug's price over the next five years?
Typically, generic entry leads to significant price reductions, averaging 50-70%, with the most substantial declines occurring within the first 2-3 years post-launch.
3. Are there any patent extensions or legal disputes that could delay generic competition?
Currently, no confirmed patent extensions are publicly announced. However, manufacturers may pursue patent litigation or exclusivity extensions to delay generic entry.
4. What impact might healthcare policies have on the drug's pricing and market share?
Policy initiatives promoting biosimilars and generics, along with value-based contracting, could accelerate price reductions and influence market uptake.
5. How can manufacturers prepare for upcoming market changes?
Developing new formulations, expanding indications, engaging in lifecycle management, and differentiating products through improved efficacy or convenience can help maintain market position.
References
- IQVIA Institute. The Impact of Patent Expirations on Pharmaceutical Market Trends. 2022.
- FDA. Drug Approvals and Patent Data. 2023.
- CDC. Hypertension Prevalence and Treatment Data. 2022.
- Professional Market Surveys. Pharmaceutical Pricing Trends. 2022-2023.
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