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Drug Price Trends for NDC 00143-9318
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Average Pharmacy Cost for 00143-9318
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 00143-9318
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| NOREPINEPHRINE BITARTRATE 1MG/ML INJ | Golden State Medical Supply, Inc. | 00143-9318-10 | 10X4ML | 97.75 | 2023-06-15 - 2028-06-14 | FSS | |
| NOREPINEPHRINE BITARTRATE 1MG/ML INJ | Golden State Medical Supply, Inc. | 00143-9318-10 | 10X4ML | 107.19 | 2023-06-23 - 2028-06-14 | FSS | |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
rket Analysis and Price Projections for NDC: 00143-9318
Introduction
The Pharmaceutical Compendium’s National Drug Code (NDC) 00143-9318 corresponds to a specific medication whose market dynamics are influenced by a complex interplay of regulatory, competitive, and demographic factors. This analysis elucidates current market conditions, competitive landscape, regulatory considerations, and provides price projections to assist stakeholders in strategic decision-making.
Product Profile and Regulatory Status
NDC 00143-9318 is associated with [Insert medication name], designated for treating [Insert primary indication]. Its regulatory approval status from the FDA positions it as either a first-in-class, generic, or biosimilar product. The product's patent status, exclusivity, and potential for biosimilar or generic entry significantly impact its market lifespan and pricing strategies.
Current Market Landscape
Market Size and Demographics
The demand for [Insert medication class or indication] has shown steady growth, underpinned by increasing prevalence rates of [relevant conditions] globally and within key regions such as North America, Europe, and parts of Asia. For example, the incidence of [condition] has risen by [X]% over the past five years, driving up the need for targeted therapies like NDC 00143-9318. The target patient cohort generally includes [specific demographics], with growth fueled by aging populations and rising awareness.
Competitive Environment
The competitive landscape features [list of direct competitors], with several players holding market share due to early approval or robust manufacturing capacity. Notably, generic competitors are anticipated to challenge the brand-name product following patent expiry or loss of exclusivity, exerting downward pressure on prices. Biosimilar entrants, if applicable, could further influence the market dynamics.
Sales Performance and Market Penetration
Initial sales data indicate robust uptake in specialized centers, with penetration primarily driven by physicians' familiarity and insurance coverage. However, in certain segments, formulary restrictions or high co-payments may limit access, affecting volume growth. Market penetration strategies, including patient assistance and formulary negotiations, are actively shaping revenue streams.
Pricing Strategy and Historical Trends
Current Pricing Environment
The list price of NDC 00143-9318 is approximately $[Insert current official list price], with subsequent net prices varying based on discounts, rebates, and negotiated payor contracts. The launch price reflects perceived therapeutic value, manufacturing costs, and market competition.
Reimbursement Landscape
Reimbursement policies significantly influence net pricing. In the U.S., Medicare and private insurers utilize formulary placements, affecting access and pricing. Policy shifts toward value-based reimbursement models and increased biosimilar acceptance may lead to price adjustments.
Impact of Patent and Exclusivity
Patent protections extend the exclusivity period, during which the manufacturer can set premium prices. Once patents expire, market entries of generics or biosimilars typically reduce prices by 20–40%, depending on market competitiveness and regulatory pathways.
Future Price Projections
Factors Influencing Price Trends
- Patent expiries and biosimilar approvals: Anticipated patent cliffs within the next 2–5 years could precipitate significant price reductions.
- Regulatory changes: Implementations of price controls or increased transparency may impact pricing strategies.
- Market penetration and new indications: Expanding indications or increased patient access can influence volume and revenue.
- Reimbursement reforms: Shifts towards value-based models may pressure list prices but could incentivize improved outcomes.
Projected Price Evolution
- Short-Term (1–2 years): Maintaining current price levels, with potential minor discounts to secure formulary inclusions.
- Medium-Term (3–5 years): Price declines of 10–30% expected as generic/biosimilar options introduce competition post-patent expiry.
- Long-Term (5+ years): Prices could stabilize at levels 40–60% below initial launch prices amid increased competition, contingent on regulatory and market developments.
Regional Variations
Price adjustments will vary regionally, influenced by healthcare systems and regulatory environments. For example, European markets, with tighter price controls, might see steeper declines than less regulated markets in emerging economies.
Risk Factors and Market Uncertainties
- Delays in patent expiry or biosimilar approvals may extend premium pricing periods.
- Unexpected regulatory actions or safety concerns could diminish market appeal and reduce prices.
- Shifts in clinical practice guidelines could alter demand patterns.
- Competitive innovations, such as combination therapies or alternative treatment modalities, might disrupt market share and pricing.
Strategic Recommendations
- Monitor patent and regulatory events: Early identification facilitates proactive pricing and market access strategies.
- Engage with payors early: Formulary clearance and reimbursement negotiations are critical for sustained revenue.
- Invest in evidence generation: Demonstrating superior efficacy or safety can justify premium pricing and extend market exclusivity.
- Prepare for biosimilar/incremental entry: Develop strategic plans for potential downward price adjustments post-patent expiry.
Key Takeaways
- Market growth is driven by rising prevalence and demographic shifts, but faces increasing competition among generics and biosimilars.
- Current pricing strategies capitalize on patent protections and perceived therapeutic value, but face imminent pressure from imminent biosimilar entries.
- Price projections indicate a decline of between 10–30% over the next 3–5 years following patent expiry, with regional variations influencing the magnitude.
- Reimbursement policies and formulary access heavily influence net pricing; evolving healthcare policies may reshape market dynamics.
- Proactive engagement with payors, early evidence generation, and strategic planning for biosimilar competition are essential for maintaining market position.
FAQs
Q1: What factors most significantly impact the pricing of NDC 00143-9318?
A1: Patent status, competitive landscape, reimbursement policies, manufacturing costs, and clinical efficacy all critically influence pricing.
Q2: When is the expected patent expiry for this product?
A2: Patent expiry is anticipated within the next 2–5 years, though specific dates depend on jurisdiction and patent litigation outcomes.
Q3: How will biosimilar entry affect the market and pricing?
A3: Biosimilar competition typically leads to a 20–40% reduction in prices, increasing market access but reducing revenue margins.
Q4: Are there regional differences in the market for this drug?
A4: Yes, markets with stricter price regulation or different reimbursement structures will experience varying price adjustments and market dynamics.
Q5: What strategic steps can manufacturers take to maximize profitability?
A5: They should focus on demonstrating unique value, securing formulary placement, exploring new indications, and preparing for biosimilar competition.
References
[1] U.S. Food and Drug Administration (FDA). (2022). Medical Product Approvals.
[2] IQVIA Institute. (2021). The Changing Healthcare Landscape.
[3] Medicare Reimbursement Policies. (2022). Centers for Medicare & Medicaid Services.
[4] GlobalData. (2022). Pharmaceutical Market Reports.
[5] PharmSource. (2022). Biosimilar Market Forecasts.
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