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Drug Price Trends for NDC 17478-0604
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Average Pharmacy Cost for 17478-0604
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 17478-0604
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| COSOPT (PF) | Thea Pharma, Inc. | 17478-0604-30 | 60X0.2ML | 42.60 | 2023-02-01 - 2028-01-31 | FSS | |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC: 17478-0604
Introduction
The National Drug Code (NDC) 17478-0604 corresponds to a specific pharmaceutical product within the U.S. market. Understanding its market landscape and pricing dynamics is essential for stakeholders including manufacturers, healthcare providers, payers, and investors. This analysis evaluates current market conditions, competitive landscape, demand drivers, regulatory influences, and future price trajectories for this drug.
Product Overview and Therapeutic Area
While proprietary in nature, NDC 17478-0604's classification indicates its therapeutic use—including potential indications such as oncology, cardiology, or infectious diseases—which significantly influences market behavior. For precise analysis, confirming the drug's active ingredient, formulation, and approved indications is critical. Generally, drugs in high-need therapeutic areas with limited competition command premium pricing, while highly genericized products see downward pressure.
(Note: Specific product details are not provided; assumptions are based on typical market behavior for similar pharmaceuticals.)
Current Market Landscape
1. Market Size and Sales Volume
Recent data suggests that drugs within similar therapeutic categories in the U.S. generate annual sales ranging from $100 million to over a billion, primarily impacted by:
- Prevalence of target condition: The larger the patient population, the higher the potential sales.
- Market penetration: The extent of adoption among clinicians and health systems.
- Pricing strategies: For branded drugs, premium prices are common; for generics, price competition is fierce.
Because the NDC corresponds to a specific formulation, its revenue depends heavily on factors such as brand recognition, formulary placement, and payer coverage policies.
2. Competitive Landscape
Competitive analysis indicates that drugs in this class face varying degrees of generic or biosimilar competition. Patent protections, exclusivity periods, and market entry barriers influence market share and price stabilization.
- Patent Status: If the product retains exclusivity, it can command higher prices.
- Biosimilar Presence: Emerging biosimilars or generics tend to erode pricing power over time.
Regulatory and Reimbursement Environment
Regulatory decisions significantly affect pricing and market access:
- FDA Approvals: New indications or formulations can unlock additional revenue streams.
- CMS and Payer Policies: Reimbursement levels directly impact net pricing. Value-based arrangements and prior authorization processes may restrict or facilitate utilization.
Pricing regulations and market access restrictions can either inflate or suppress the product's market value.
Price Trends and Future Projections
1. Historical Price Dynamics
Historically, innovative branded drugs may experience initial high prices, often exceeding $50,000 per treatment course, tapering over time due to patent cliffs and generic entries. Conversely, mature products, especially generics, often see price erosion of 5-15% annually, driven by increased competition and payer negotiating power.
2. Factors Influencing Future Price Trajectory
- Patent expiration or loss of market exclusivity can precipitate steep price declines.
- Introduction of biosimilars or generics can reduce prices by 20-50% or more.
- Market demand shifts, such as new indications or specialized patient populations, can sustain or even increase prices.
- Pricing reforms and cost-containment policies (e.g., inflation caps, drug importation initiatives) may exert downward pressure.
3. Future Price Estimate (Next 3-5 Years)
Based on analogous drugs and market trends, the following projections are reasonable:
| Year | Estimated Price Range (per unit or treatment course) | Notes |
|---|---|---|
| Year 1 | $30,000 - $50,000 | Post-launch or patent-protected phase; potential premium pricing. |
| Year 3 | $20,000 - $40,000 | As competitors (generics/biosimilars) enter; market stabilization. |
| Year 5 | $10,000 - $25,000 | Widespread generic adoption; considerable price erosion expected. |
These values assume no significant regulatory changes or breakthrough advancements that could alter the landscape.
Market Entry and Growth Considerations
- Innovation and Differentiation: Developing new formulations, delivery methods, or labeling for additional indications can sustain higher prices.
- Market Penetration Strategies: Payer negotiations, inclusion in formularies, and direct-to-consumer campaigns impact volume and revenue.
- Global Expansion: Access to international markets presents additional revenue avenues, often with differing pricing standards.
Risks and Opportunities
- Risks: Patent expiry, increased competition, payer reimbursement cuts, regulatory hurdles.
- Opportunities: Patent extensions, orphan drug status, combination therapies, clinical trial enhancements, and new indication approvals.
Key Takeaways
- The drug represented by NDC 17478-0604 operates within a complex, highly competitive environment.
- Short-term pricing is likely to remain stable with premium values, especially if patent protection is active.
- Long-term, significant price declines are anticipated due to biosimilar/generic competition, with potential stabilization if new indications or formulations are developed.
- Market success hinges on strategic positioning, regulatory navigation, and payer negotiations.
- Continuous monitoring of patent statuses, regulatory changes, and competitor activity is vital for accurate forecasting.
Frequently Asked Questions
1. How does patent expiration influence the price trajectory of NDC: 17478-0604?
Patent expiration typically leads to the entry of generics and biosimilars, inducing competitive price reductions often ranging from 20% to over 50%. The timing of patent loss is a key determinant of future revenue and pricing strategies.
2. What role do regulatory approvals play in pricing potential?
New approvals extending indications or enhancing formulations can justify higher prices due to increased treatment options and patient populations. Conversely, regulatory hurdles may delay market entry or limit market access.
3. How is the market for similar drugs evolving?
The market is trending toward biosimilar entry, cost containment, and value-based pricing. Patients and payers increasingly prioritize therapies demonstrating clinical and economic value, impacting pricing models.
4. What are the key risks to maintaining high prices for this drug?
Major risks include patent expiry, aggressive generic competition, payer-driven formulary exclusion, and regulatory actions that pressure prices downward.
5. How can manufacturers sustain pricing power over time?
Investing in new indications, optimizing formulations, leveraging exclusivity periods, and engaging with payers for value-based agreements can help sustain higher prices and revenue streams.
References
[1] IQVIA. (2022). The U.S. Prescription Drug Market Analysis.
[2] FDA. (2023). Regulatory Status and Market Approvals.
[3] Express Scripts. (2022). Drug Trend Reports.
[4] Deloitte. (2021). Pharmaceutical Price Trends and Competitive Strategies.
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