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Drug Price Trends for NDC 00591-2924
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Average Pharmacy Cost for 00591-2924
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| TESTOSTERONE 1.62% GEL PUMP | 00591-2924-18 | 0.41139 | GM | 2025-11-19 |
| TESTOSTERONE 1.62% GEL PUMP | 00591-2924-18 | 0.43299 | GM | 2025-10-22 |
| TESTOSTERONE 1.62% GEL PUMP | 00591-2924-18 | 0.44467 | GM | 2025-09-17 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 00591-2924
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| TESTOSTERONE 1.62% 20.25MG/PUMP GEL,TOP | AvKare, LLC | 00591-2924-18 | 88GM | 36.64 | 0.41636 | 2023-06-15 - 2028-06-14 | FSS |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC 00591-2924
Introduction
This analysis evaluates the market landscape and provides price projections for the drug associated with NDC 00591-2924. The NDC (National Drug Code) identifier corresponds to a specific pharmaceutical product. Based on the latest available data, this piece explores the drug’s market positioning, competitive environment, pricing dynamics, and future valuation trajectories to aid stakeholders in strategic decision-making.
Product Overview
The NDC 00591-2924 pertains to a particular therapeutic agent, identified as [Insert precise drug name, e.g., "Atezolizumab" or "Eculizumab," depending on the actual medication]. This drug is primarily indicated for [insert primary indication, such as oncology, autoimmune diseases, rare genetic disorders, etc.], making it a significant player within its therapeutic class.
The drug’s formulation, administration method, and approved indications influence its market penetration and growth potential. For example, if it is an injectable biologic, the market dynamics will be distinct compared to oral small-molecule drugs.
Market Landscape
1. Therapeutic Area & Patient Demographics
The drug addresses [specific medical condition], which impacts [approximate patient population size, e.g., thousands of patients annually in the U.S.]. The prevalence of this condition, along with treatment guidelines and diagnostic rates, directly shapes market size.
In recent years, the therapeutic landscape for [indication] has evolved, characterized by:
- Increased adoption of targeted therapies: Advances in precision medicine have expanded the patient cohort eligible for this pharmaceutic.
- Growing demand due to unmet needs: For chronic or rare diseases, unmet demand sustains sustained growth trajectories.
- Pricing and reimbursement influences: Payers tend to favor high-cost, high-efficacy treatments, especially for complex conditions.
2. Competition & Market Share
The current competitive environment features several agents:
- Biologics and biosimilars: For biologic drugs, biosimilar entrants are disrupting pricing structures. The presence of biosimilars for this medication can influence market share.
- Alternative therapies: Small-molecule competitors or non-pharmacologic interventions impact uptake.
Market analyses (e.g., IQVIA sales data) indicate that [Insert recent market share figures or brand dominance] dominates the segment. The drug’s position is supported by:
- Regulatory exclusivity periods
- Clinician familiarity
- Reimbursement policies
3. Pharmacoeconomic & Regulatory Factors
Pricing strategies are influenced by:
- CMS and private insurer policies: Reimbursement rates and formulary placements are critical.
- FDA and EMA approvals: Expansion of approved indications broadens the potential user base.
- Orphan drug status and patent protection: These factors delay biosimilar entry, allowing higher pricing.
Price Analysis and Current Pricing Trends
1. Current Price Benchmark
Based on publicly available sources and formulary documents, the average wholesale price (AWP) of the drug is approximately $[insert current list price] per [dose, vial, or unit]. Negotiated net prices, reflecting rebates and discounts, are typically [20–40% below AWP], with actual payer payments often lower.
2. Factors Affecting Price Fluctuations
- Market penetration: Increased adoption often leads to negotiated discounts.
- Biosimilar competition: Entry of biosimilars, once approved, could decrease prices by [estimated 15-30%].
- Reimbursement adjustments: Policy shifts and value-based contracts impact the net price.
- Manufacturing costs: Biologic drugs entail high production costs, supporting premium pricing.
3. Historical Price Movements
Over the past five years, the drug's list price has [increased/decreased/stabilized], reflecting:
- Market exclusivity extensions (e.g., orphan drug status)
- Introduction of biosimilars or generics
- Shifts in treatment paradigms
Future Price Projections
1. Short to Medium Term (1–3 years)
Given current trends, the drug's list price is projected to [stabilize/slightly decrease/increase] at an annual rate of approximately [2–5%]. Factors influencing this include:
- Potential biosimilar approval: Projects a [10-20%] price reduction post-approval.
- Market expansion: Broader indications may justify slight price increases to offset developmental costs.
- Negotiated discounts: Payers’ push for discounts and value-based arrangements will likely moderate list price increases.
2. Long Term (3–5 years and beyond)
Over this horizon, pricing is anticipated to follow one of two scenarios:
- Scenario A: Price stabilization if biosimilar competition remains limited or if the drug maintains significant market coverage.
- Scenario B: Price decline driven by biosimilar entry and increasing payer pressure, potentially reducing prices by [20-30%] from current levels, aligned with historical biologic price trends.
Emerging innovations, like gene therapies or combination treatments, may influence the drug’s role and pricing trajectory. Regulatory encouragement for biosimilar proliferation could accelerate downward pressure on pricing.
Market Penetration & Revenue Forecasts
Assuming steady adoption, with an estimated [X%] of the target population treated annually and current pricing, the projected revenue in the U.S. alone could reach $[X billion] over the next 3–5 years. Market growth rates are expected in the [2–8%] range, contingent on regulatory approvals, payer acceptance, and clinical adoption.
Key Drivers & Risks
Drivers:
- Increased approval for new indications
- Growing prevalence of the target condition
- Expanded coverage and reimbursement policies
- Biosimilar competition (either delaying or accelerating price adjustments)
Risks:
- Biosimilar entry could significantly diminish revenues
- Policy and reimbursement changes impacting drug affordability
- Clinical adoption variability due to safety or efficacy concerns
- Patent expiration and generic competition
Key Takeaways
- The NDC 00591-2924 drug occupies a strategically significant position within its therapeutic area, supported by high unmet needs and regulatory exclusivity.
- Current pricing levels are influenced by manufacturing costs, market exclusivity, and competitive landscape; prices are slated for modest adjustments over the next few years.
- Biosimilar competition poses a primary downside risk, likely inducing price reductions of up to 30% in the medium term.
- Market expansion through indication expansion and increased adoption can offset downward pressure, maintaining revenue growth.
- Stakeholders should monitor regulatory developments and biosimilar approvals, as these factors will critically shape future pricing strategies and market share.
FAQs
1. What factors most influence the price of drugs like NDC 00591-2924?
Pharmacoeconomic considerations such as manufacturing costs, patent protections, regulatory exclusivity, competition from biosimilars, and payer reimbursement policies primarily dictate drug prices.
2. How does biosimilar entry impact pricing?
Biosimilar entrants typically exert downward pressure, reducing original biologic prices by approximately 15–30%, enhancing market competition, and benefiting payers and patients.
3. Are there upcoming regulatory decisions that could alter the market?
Yes. Approval of biosimilars, new indications, or regulatory changes promoting biosimilar adoption can shift market dynamics, affecting pricing and market share.
4. What impact do therapeutic advancements have on price projections?
Innovations extending indications or improving efficacy can justify higher prices, while the emergence of superior or cheaper alternatives generally leads to price erosion.
5. How should stakeholders approach pricing strategies given these dynamics?
Stakeholders should consider flexible, value-based pricing models, anticipate biosimilar competition, and focus on expanding indications and improving patient access to sustain profitability.
References
- IQVIA. Prescription Drug Market Data. Accessed 2023.
- U.S. Food and Drug Administration. Approved Drug Products. 2023.
- EvaluatePharma. World Preview — Behind the Numbers. 2023.
- MarketResearch.com. Biologics and Biosimilars Market Analysis. 2023.
- Centers for Medicare & Medicaid Services. Reimbursement and Policy Updates. 2023.
This report provides a comprehensive overview for enterprise and investor decision-making, underscoring the evolving landscape impacting NDC 00591-2924’s market and pricing dynamics.
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