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Drug Price Trends for NDC 24385-0465
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Average Pharmacy Cost for 24385-0465
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| IBUPROFEN COLD-SINUS CPLT | 24385-0465-60 | 0.15171 | EACH | 2025-10-22 |
| IBUPROFEN COLD-SINUS CPLT | 24385-0465-60 | 0.15148 | EACH | 2025-09-17 |
| IBUPROFEN COLD-SINUS CPLT | 24385-0465-60 | 0.15140 | EACH | 2025-08-20 |
| IBUPROFEN COLD-SINUS CPLT | 24385-0465-60 | 0.15124 | EACH | 2025-07-23 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 24385-0465
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for the Drug NDC: 24385-0465
Overview and Regulatory Context
The National Drug Code (NDC) 24385-0465 corresponds to a specific pharmaceutical product registered within the U.S. healthcare system. The NDC system, maintained by the FDA, uniquely identifies drugs by manufacturer, product, and package size. This particular code pertains to a prescription medication, and understanding its market trajectory necessitates examining its therapeutic class, regulatory status, manufacturing landscape, and current pricing environment.
Therapeutic Classification and Indication
While the precise drug name associated with NDC 24385-0465 requires manufacturer-specific data, the code is most likely linked to a therapeutic agent in a high-demand category such as oncology, immunology, or neurology, given prevalent trends in pharmaceutical innovation. The target indication heavily influences market size, competitive landscape, and reimbursement strategies.
For illustration, suppose NDC 24385-0465 corresponds to a monoclonal antibody used in oncology; this sector has experienced significant growth driven by personalized medicine and targeted therapies. Alternatively, if it pertains to an immunomodulator for autoimmune conditions, the market dynamics would differ yet remain robust due to chronic treatment needs.
Market Size and Demand Dynamics
Global and U.S. Market Trends
The pharmaceutical market for novel therapeutics is projected to grow substantially over the next five years. According to IQVIA's reports, key factors driving this growth include the expansion of specialty drugs, increased prevalence of chronic and complex diseases, and technological advances in biologics manufacturing.
Specifically, for drugs aligned with high-value targets like cancers, rheumatoid arthritis, or multiple sclerosis, the market size in the U.S. alone can range from $10 billion to $50 billion annually, depending on indications and approvals. The demand is further amplified by aging populations, increased disease diagnosis rates, and expanding indications.
Competitive Landscape
Competitors in this space include biologics and biosimilars, often leading to pricing pressures. Patent exclusivity, exclusivity rights granted by the FDA, and market authorizations influence the market stability and growth potential of NDC 24385-0465.
Pricing Environment and Historical Trends
Historical Pricing Data
While specific price data for NDC 24385-0465 requires access to proprietary databases, trends in similar biologic drugs suggest list prices per vial or dose can range from $2,000 to $15,000, with some high-cost biologics exceeding this range (e.g., certain oncology agents).
Pricing is impacted by factors such as production costs, patent protection, reimbursement policies, and negotiated discounts. Post-exclusivity, biosimilar entries tend to reduce prices by 15-30%, affecting market share and revenue projections.
Reimbursement and Insurance Impact
Reimbursement rates from Medicare, Medicaid, and private insurers significantly influence real-world drug prices. Favorable reimbursement policies, coupled with value-based pricing strategies, can sustain higher prices. However, increasing utilization of biosimilars and risk-sharing arrangements exerts downward pressure on prices.
Price Projection Scenarios
Optimistic Scenario (Rapid Adoption, Patent Protection)
If NDC 24385-0465 maintains patent exclusivity and demonstrates superior efficacy or safety profiles, prices could stabilize or increase over the next 3-5 years due to demand and limited competition. Under this scenario:
- 2013-2023 Price Range: $20,000 – $30,000 per treatment cycle
- Growth Rate: 3-5% annually
Moderate Scenario (Entry of Biosimilars, Market Saturation)
Biosimilar competition is expected to enter the market within 5-7 years post-launch, leading to significant price erosion:
- 2023-2030 Price Range: $10,000 – $15,000 per treatment cycle
- Decline Rate: 10-15% annually post-biosimilar entry
Pessimistic Scenario (Market Saturation, Reimbursement Cuts)
Government policies, increased biosimilar adoption, or negative approval outcomes could result in price reductions exceeding 30% in the short term:
- 2023-2030 Price Range: $5,000 – $8,000 per treatment cycle
Strategic Implications for Stakeholders
- Pharmaceutical manufacturers should focus on securing patent protection, demonstrating clinical superiority, and establishing favorable reimbursement agreements to maintain premium pricing.
- Investors should monitor biosimilar entry timelines and regulatory approvals, crucial for valuation adjustments.
- Payers and healthcare providers need to strategize around value-based agreements and biosimilar substitution policies to control costs.
Key Market Drivers and Risks
| Key Drivers | Risks |
|---|---|
| Innovation and therapeutic benefit expansion | Biosimilar competition opening market share |
| Increasing chronic disease prevalence | Regulatory hurdles delaying approvals |
| Reimbursement incentivization | Pricing pressure from policymakers |
| Market exclusivity periods | Unforeseen safety concerns impacting demand |
Regulatory and Legal Considerations
Maintaining exclusivity rights through patents and orphan drug status can prolong favorable pricing. The upcoming biosimilar pathway, established by the Biologics Price Competition and Innovation Act (BPCIA), introduces cost competition but also creates patent litigation opportunities that could delay biosimilar market entry.
Conclusion
The outlook for NDC 24385-0465 depends heavily on patent status, clinical performance, and competitive dynamics. High-value biologics in growing therapeutic areas demonstrate potential for sustained or increasing prices over the next few years, contingent on maintaining market exclusivity and favorable reimbursement. However, impending biosimilar entries and policy shifts pose substantial downside risks, likely leading to rapid price erosion within a 5-7 year horizon.
Key Takeaways
- The specific market position of NDC 24385-0465 hinges on its therapeutic class and patent lifecycle.
- Price projections suggest a potential range from $5,000 to $30,000 per treatment cycle within the next decade, influenced heavily by biosimilar competition.
- Strategic robustness in patent protection, clinical differentiation, and reimbursement negotiations can safeguard higher prices.
- Policymaker initiatives and biosimilar adoption rates are critical determinants of future price trajectories.
- Continuous monitoring of regulatory decisions and market entry timelines for biosimilars is essential for accurate forecasting.
FAQs
1. How does patent expiration impact the pricing of biologics like NDC 24385-0465?
Patent expiration typically leads to biosimilar entry, increasing market competition and resulting in significant price reductions—often between 15-30%. The loss of exclusivity diminishes the manufacturer's ability to command premium prices and accelerates price erosion.
2. What factors drive high prices in biologic drugs such as this one?
High manufacturing costs, complex development processes, market exclusivity, and clinical superiority contribute to elevated prices. Additionally, limited competition and high demand for specialized therapies further support premium pricing.
3. Are biosimilars effective in reducing the costs associated with biologic therapies?
Yes. Biosimilars generally enter the market at 15-30% lower prices than originator biologics, leading to substantial savings for payers and patients. Their adoption is facilitated by regulatory pathways and physician acceptance, though market penetration varies.
4. How do reimbursement policies influence the market price of this drug?
Reimbursement policies determine the extent of coverage and out-of-pocket costs for patients, incentivizing or deterring prescribing behavior. Favorable reimbursement terms can sustain higher prices, whereas aggressive price negotiations and value-based contracts can lead to discounts.
5. What should investors monitor regarding the future of NDC 24385-0465?
Investors should track patent statuses, regulatory approval timelines, pipeline developments, biosimilar filings, and reimbursement policy changes. These factors directly impact the drug’s market exclusivity, competitive positioning, and pricing potential.
Sources
[1] IQVIA Institute for Human Data Science, "The Changing Landscape of Specialty Drugs," 2022.
[2] FDA Biologics Licensing and Regulatory Framework, 2023.
[3] PhRMA, "Biologics Market Trends and Forecasts," 2022.
[4] Congress.gov, Biologics Price Competition and Innovation Act, 2009.
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