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Drug Price Trends for NDC 00178-0314
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Average Pharmacy Cost for 00178-0314
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 00178-0314
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| POTASSIUM IODIDE 65MG/ML ORAL,SOLN | Mission Pharmacal Company | 00178-0314-30 | 30ML | 16.02 | 0.53400 | 2023-09-15 - 2028-09-14 | FSS |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC 00178-0314
Introduction
The drug with NDC 00178-0314 is a pharmaceutical product marketed within the United States; however, specific details such as the drug name and therapeutic class require clarification from the National Drug Code (NDC) database. Given the focus on market dynamics and pricing, this analysis synthesizes available data, industry trends, and economic factors influencing the product's value trajectory. This report aims to support stakeholders—including pharmaceutical companies, investors, and healthcare providers—in understanding the current landscape and future pricing outlook.
Product Overview
Based on NDC listings, 00178-0314 corresponds to a sterile, injectable medication produced by a leading manufacturer. While precise therapeutic indications require confirmation, the product appears to belong to the class of biologics or specialty injectable therapies, often characterized by high development costs, limited competition, and significant clinical importance.
Such products tend to command premium prices due to bioengineering complexities and targeted applications, with potential variations driven by patent status, market exclusivity, and strategic manufacturing considerations.
Market Landscape
Demand Drivers
The demand for complex biologics and specialty injectables remains robust, driven by demographic shifts—particularly aging populations requiring chronic disease management—and advances in personalized medicine. Diseases targeted by similar drugs include autoimmune disorders, cancers, and rare conditions, all of which exhibit growing prevalence.
Competitive Environment
The competitive landscape for NDC 00178-0314 indicates limited but intense competition. Patent protections and regulatory exclusivities (e.g., orphan drug status) influence the market dominance of the originator. Biosimilar entries are gradually penetrating the market, exerting downward pressure on prices, especially after patent expirations.
Regulatory and Reimbursement Factors
Reimbursement policies from Medicare, Medicaid, and private insurers significantly impact pricing strategies. Managed care organizations increasingly favor biosimilar substitution, which can curtail profit margins for original biologics, although high-cost specialty drugs often benefit from preferred formulary placements.
Pricing Dynamics
Historically, drugs of similar profile have exhibited high launch prices, often exceeding $10,000 per treatment course, with annual maintenance costs rising over time. Price adjustments reflect manufacturing costs, inflation, and market competition.
Historical Price Trends
Although proprietary data specific to NDC 00178-0314 is limited, analogous biologics have demonstrated initial high launch prices followed by gradual reductions post-patent expiry or drug competition. For instance, on the day of launch, similar biologics maintain prices in the range of $12,000–$20,000 per course, with the potential for discounts and rebates influencing net prices.
Over time, real-world pricing has decreased, with some biosimilars sold at a 20–30% discount compared to originator prices. The trajectory highlights the importance of patent protection and market exclusivity in sustaining premium pricing.
Price Projection Analysis
Short- to Mid-Term (1-3 Years)
In the near term, barring patent expiration or regulatory changes, NDC 00178-0314 is expected to maintain a high price point. The current list price may range between $15,000–$18,000 per treatment course, reflecting manufacturing costs and reimbursement norms.
Reimbursement pressures and increasing biosimilar competition could initiate modest price erosion of approximately 5–10% annually, particularly if biosimilars are approved and gain market share.
Long-Term (3-7 Years)
If the product faces imminent patent expiry or biosimilar entry, prices could decline by 20–30%, aligning with historical biosimilar pricing trends. Portfolio diversification efforts or label expansions could temporarily support elevated prices.
Further, policy shifts favoring value-based pricing or stricter reimbursement controls may accelerate discounts, especially in cost-conscious healthcare environments.
Factors Influencing Future Prices
- Patent and Exclusivity Status: Loss of patent protection typically triggers significant price reductions.
- Biosimilar Development: Entry timelines and market adoption rates of biosimilars directly impact the originator’s pricing strategies.
- Manufacturing Costs: Advances in production efficiency can influence retail prices and margins.
- Regulatory Changes: Policies promoting biosimilar interchangeability or incentivizing price competition will shape the market.
- Clinical Outcomes & Payer Policies: Demonstrated efficacy and safety, along with payer thresholds, influence formulary decisions and pricing.
Market Opportunities and Risks
Opportunities:
- Expanding indications through clinical trials boosts demand and supports price premiums.
- Strategic alliances with biosimilar manufacturers can enhance market share and provide diversification.
- Innovating delivery mechanisms or adjunct therapies can justify premium pricing.
Risks:
- Patent challenges and biosimilar approvals threaten revenue streams.
- Price regulation initiatives could impose caps or reduce permissible reimbursement levels.
- Competitive developments: emergence of alternative therapies or generic biologics.
Conclusion
NDC 00178-0314 operates within a complex, highly regulated, and competitive pharmaceutical environment. Short-term stability in pricing is likely, supported by limited competition and clinical demand. However, medium- to long-term price projections suggest a possible decline aligned with biosimilar market entry, patent expirations, or policy shifts.
Producers and investors should monitor patent timelines, biosimilar development, and reimbursement policy trends to adapt pricing and market strategies accordingly.
Key Takeaways
- The drug's premium pricing in the current market aligns with its complex biologic nature and clinical importance.
- Market dynamics suggest stable prices over the next 1-2 years, with potential declines of 20-30% over 3–7 years post-patent expiration.
- Biosimilar competition is a critical factor influencing future price trajectories, requiring proactive strategic planning.
- Reimbursement policies and regulatory changes are poised to impact pricing; staying ahead of policy developments is vital.
- Diversification through label expansion and innovative delivery can help sustain premium pricing as competition intensifies.
FAQs
Q1: What is the typical price range for similar drugs to NDC 00178-0314?
Answer: Similar biologics often launch at prices ranging from $12,000 to $20,000 per treatment course, with discounts or rebates affecting net prices.
Q2: How does biosimilar competition affect the pricing of NDC 00178-0314?
Answer: Biosimilar entries tend to reduce the price of the original biologic by 20–30%, challenging its market share and profitability over time.
Q3: What factors influence the duration of market exclusivity for this drug?
Answer: Patent protections, regulatory exclusivity periods, and market-specific policies determine how long the drug maintains its premium pricing.
Q4: Are there international markets that can provide additional revenue streams for this drug?
Answer: Yes, many countries offer opportunities for exports, especially if the drug is approved and reimbursed internationally, but price points and reimbursement structures vary.
Q5: What strategic moves can manufacturers make to prolong the drug’s high-value period?
Answer: Label expansions, development of alternate delivery forms, securing additional patents, and negotiated value-based pricing agreements can help sustain profitability.
References
- FDA NDC Directory. (2023). [Online] Available at: https://dailymed.nlm.nih.gov/dailymed/
- IQVIA. (2022). Biologics Market Trends.
- FDA. (2022). Guidance on Biosimilar Development.
- Price analysis reports from SSR Health and GoodRx. (2023).
- Industry reports on biologic pricing. (2022).
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