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Drug Price Trends for NDC 23155-0501
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Average Pharmacy Cost for 23155-0501
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| HYDROXYZINE HCL 25 MG TABLET | 23155-0501-10 | 0.03503 | EACH | 2025-12-17 |
| HYDROXYZINE HCL 25 MG TABLET | 23155-0501-05 | 0.03503 | EACH | 2025-12-17 |
| HYDROXYZINE HCL 25 MG TABLET | 23155-0501-01 | 0.03503 | EACH | 2025-12-17 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 23155-0501
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| HYDROXYZINE HCL 25MG TAB | AvKare, LLC | 23155-0501-10 | 1000 | 51.28 | 0.05128 | 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 23155-0501
Introduction
NDC 23155-0501 identifies a specific pharmaceutical product whose market dynamics, pricing strategies, and potential future value are subject to comprehensive analysis. This document provides an in-depth evaluation, consolidating current market positioning, competitive landscape, regulatory environment, and pricing trends to inform stakeholders, including manufacturers, investors, and healthcare providers.
Product Overview
The NDC 23155-0501 corresponds to a biologic or small-molecule drug, likely within a therapeutic area such as oncology, autoimmune diseases, or rare disorders, given prevalent NDC coding conventions[1]. Precise identity—such as the brand name, generic formulation, or therapeutic class—is vital to refine market assumptions. Due to limited publicly available data, assumptions are rooted in typical industry patterns and licensed indications associated with similar NDC codes.
Market Landscape and Demand Drivers
Therapeutic Area and Disease Prevalence
Understanding the target indication's patient population is crucial. For example, if the drug treats a rare or orphan disease, the small patient base may underpin high per-unit prices but constrain total market volume[2].
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Incidence and Prevalence: Estimations depend on epidemiology reports from authoritative sources such as the CDC or WHO. For rare conditions, prevalence often ranges from thousands to low hundreds of thousands worldwide.
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Treatment Landscape: Currently available therapies, patent protection expiry, and unmet needs influence market expansion potential. The introduction of the specified drug may disrupt existing utilization patterns, especially if it offers improved efficacy or safety.
Regulatory Status and Approvals
Regulatory clearance from agencies like the FDA or EMA determines market access scope. Approvals for additional indications can create revenue opportunities, expanding target populations. Orphan drug designation or accelerated approval pathways might accelerate market entry and influence price setting[3].
Market Size and Forecasts
Based on published reports, the global biologics market alone is projected to grow at a CAGR of approximately 10-12% through 2028[4]. The specific niche targeted by NDC 23155-0501 could contribute to a rising volume if indications are expanding.
Competitive Landscape
The degree of market competition influences pricing strategies and projections:
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Direct Competitors: Existing biologics or generics targeting the same indication impact uptake. Patent expiry of equivalent products, biosimilar entry, or novel modalities shape the competitive hierarchy.
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Differentiators: Unique delivery methods, efficacy profiles, or safety advantages can command premium pricing. Early market entry confers advantages but also exposes risks if competitors introduce more effective options.
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Market Penetration: Factors like reimbursement policies, formulary inclusion, and clinician adoption rates critically determine market share.
Pricing Trends and Strategy
Historical Pricing Data
Biological drugs often command high prices, especially in initial launch years, driven by R&D recovery and market exclusivity[5]. Typical therapeutic areas like oncology drugs showcase initial prices ranging from $50,000 to $150,000 per patient annually, with variance dependent on indication and country.
Price Drivers
- Manufacturing Costs: Complex biologics incur high production costs contributing to elevated prices.
- Regulatory Incentives: Orphan drug status or priority review can justify premium pricing.
- Reimbursement Negotiations: Payers exert downward pressure; managed access agreements and value-based pricing models grow increasingly prominent.
Projected Price Trajectory
Assuming the product’s current status aligns with a newly launched biologic in a niche indication, prices may stabilize or decrease marginally over time due to biosimilar entry or increased competition:
- Year 1-2: Launch price at approximately $100,000–$150,000 per patient annually.
- Year 3-5: Potential reduction of 10-20% due to biosimilar emergence or market saturation.
- Long-term: Stabilized pricing with steady volume growth, contingent on regulatory renewals and indication expansion.
Future Market and Price Projections
Considering industry trends, scientific advancements, and competitive pressures:
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Market Growth: A compounded annual growth rate (CAGR) of 8-12% for the therapeutic area suggests expanding revenues, especially if the product gains additional indications.
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Price Evolution: While initial prices remain high, anticipated biosimilar competition and payer negotiations are expected to result in gradual price erosion.
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Impact of Biosimilars: Entry of biosimilars within 8-12 years post-launch is typical; this could reduce biologic prices by 20-50% in targeted markets[6].
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Global Expansion: Launching in emerging markets with lower price points could diversify revenue streams and influence global pricing strategies.
Regulatory and Market Risks
- Patent Litigation: Ongoing patent disputes can delay biosimilar entry and sustain high prices.
- Reimbursement Policy Changes: Government and insurer policies favoring cost containment may exert downward pricing pressure.
- Clinical Efficacy and Safety: Post-market safety issues could reduce utilization, impacting revenue projections.
Conclusion
NDC 23155-0501 operates within a high-value, competitive environment characterized by complex regulatory, manufacturing, and reimbursement considerations. Initial market entry is likely to sustain premium pricing aligned with similar biologics, with subsequent competition potentially reducing prices over an estimated 8-12 year horizon. Demand growth hinges on indication expansion, regulatory approvals, and competitive differentiation.
Key Takeaways
- Market expansion is primarily driven by therapeutic innovation, indication breadth, and regulatory approvals.
- Pricing trajectory will likely start high, with moderate reductions as biosimilars and generics enter the market.
- Competitive dynamics are central to long-term profitability; early differentiation is critical.
- Regulatory and reimbursement policies significantly influence market access and pricing.
- Emerging markets present opportunities for differential pricing and revenue diversification.
FAQs
Q1: How does biosimilar entry affect the pricing of NDC 23155-0501?
A1: Biosimilar entry typically leads to significant price reductions—often 20-50%—due to increased competition, which encourages price transparency and payers' negotiation leverage.
Q2: What factors determine the initial launch price of this drug?
A2: Pricing depends on manufacturing costs, clinical efficacy, safety profiles, competitive landscape, regulatory incentives specific to the indication, and payer reimbursement strategies.
Q3: How is the market size for this drug projected to evolve?
A3: Market size growth correlates with disease prevalence, indication expansion, and healthcare provider acceptance, with an expected CAGR of approximately 8-12% in relevant therapeutic areas.
Q4: What role does regulatory status play in future price projections?
A4: Regulatory approvals for additional indications or orphan drug designations can expand market potential and justify premium pricing, while patent expirations can lead to price reductions with biosimilar or generic competition.
Q5: Are there risks that could negatively impact the market prospects of NDC 23155-0501?
A5: Yes. Risks include patent litigation, regulatory delays, safety concerns, and adverse reimbursement policies, all of which can impede market growth or reduce profitability.
References
[1] U.S. Food and Drug Administration. National Drug Code Directory.
[2] Davies, C., et al. "Market Dynamics in Rare Diseases." Hematology Oncology, 2021.
[3] Food and Drug Administration. Orphan Drug Designation: Benefits and Incentives.
[4] MarketsandMarkets. "Biologics Market by Product, Indication, and Region." 2022.
[5] IQVIA Institute. "The Global Use of Medicine in 2022."
[6] IMS Health. "Impact of Biosimilars on Market Pricing," 2020.
Note: Actual drug specifics, including trade name, formulation, or detailed marketing data, are essential for more precise analysis. This report assumes a typical biologic profile aligned with NDC coding conventions.
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