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Drug Price Trends for NDC 27241-0002
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Average Pharmacy Cost for 27241-0002
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| RISPERIDONE 0.25 MG TABLET | 27241-0002-50 | 0.03618 | EACH | 2025-12-17 |
| RISPERIDONE 0.25 MG TABLET | 27241-0002-06 | 0.03618 | EACH | 2025-12-17 |
| RISPERIDONE 0.25 MG TABLET | 27241-0002-50 | 0.03899 | EACH | 2025-11-19 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 27241-0002
| 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 NDC 27241-0002
Introduction
The prescription drug identified by NDC 27241-0002 pertains to a specific pharmaceutical product within the medical marketplace. Derived from the National Drug Code (NDC) system, which categorizes drugs for regulatory and billing purposes, this product’s market viability, pricing landscape, and future projections are shaped by clinical efficacy, competitive dynamics, regulatory environment, and economic factors.
This analysis synthesizes current market conditions, competitive landscape, pricing strategies, and future outlooks, offering insights to healthcare stakeholders, investors, and policy makers aiming to understand and navigate this drug's commercial trajectory.
Product Overview and Market Positioning
NDC 27241-0002 corresponds to [insert drug name], a ([insert generic or brand name]) pharmaceutical approved for the treatment of [specific indication, e.g., rheumatoid arthritis, oncology, infectious diseases]. The drug is characterized by its [unique features, such as mechanism of action, administration route, dosing frequency], positioning it within the [therapeutic class] segment.
The drug entered the market in [year], rapidly gaining attention due to [clinical benefits, novel mechanism, FDA approval highlight, unmet medical needs addressed]. Its clinical efficacy and safety profile have been corroborated by numerous studies, influencing market penetration and prescriber preference.
Current Market Landscape
Market Size and Growth
The global market for drugs in [therapeutic area] is projected to reach $X billion by [year], growing at a CAGR of X% [1]. The U.S. constitutes a significant share, driven by factors such as aging populations, rising disease prevalence, and expanding therapeutic indications.
For NDC 27241-0002, the current market share is approximately X%, with annual sales roughly $X million as of [latest data year]. This reflects steady growth, influenced by increased adoption rates, expanding indications, and favorable physician prescribing patterns.
Competitors and Market Share
The competitive landscape features several products:
- [Product A]: a generic/biosimilar, priced at $X per unit.
- [Product B]: a marketed alternative with similar efficacy, priced at $Y.
- [Product C]: premium brand with additional benefits.
Market positioning is affected by factors like clinical differentiation, reimbursement, patient accessibility, and brand loyalty.
Regulatory and Reimbursement Dynamics
Regulatory approval pathways, such as fast track or accelerated approval, influence market entry and uptake. Reimbursement policies, including Medicare, Medicaid, private insurers, and public health programs, considerably impact pricing and accessibility.
Pricing Strategy and Market Dynamics
Current Pricing: The average wholesale price (AWP) for NDC 27241-0002 is approximately $X per unit. After negotiations, actual transaction prices (net price) tend to be 20-30% lower [2].
Pricing Drivers:
- Manufacturing costs: influence baseline price.
- Clinical value: superior efficacy or safety enhances pricing power.
- Market competition: biosimilars or generics exert downward pressure.
- Payer negotiations: formulary placements and prior authorization impact accessible pricing.
- Patent protections: expiry dates significantly affect pricing strategies and generic entry.
Reimbursement Trends: With increasing emphasis on value-based care, payers favor drugs demonstrating cost-effectiveness, potentially leading to price adjustments reflective of real-world outcomes.
Future Price Projections
The projected trajectory for NDC 27241-0002's pricing depends on several factors:
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Patent Status: Patent expiry anticipated in [year], after which biosimilar or generic competitors are expected to enter the market. Historically, such entrants induce price reductions of 30-50% within 1-3 years post-generic launch [3].
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Regulatory Approvals: Additional indications or combination therapies could expand the market, allowing for sustained or increased pricing power.
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Market Penetration & Adoption: Increasing clinical adoption, especially if the drug becomes a standard-of-care, supports stable or rising prices.
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Reimbursement Policies: Shift toward value-based reimbursement could incentivize price reductions or price premiums based on demonstrated outcomes.
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Pricing Trends: Historically, similar drugs see a 3-5% annual increase aligned with inflation and R&D cost inflation. However, with increasing biosimilar competition, prices are expected to decline by 10-20% over the next 3-5 years, barring significant patent extensions or new indications.
Forecast Summary:
| Year | Predicted Average Price (per unit) | Notes |
|---|---|---|
| Current | $X | As of 2023 |
| 2025 | $X - 20% | Entry of biosimilars expected |
| 2030 | $X - 50% | Market saturation, increased generic options |
[Note: These are projected estimates; actual prices depend on market dynamics]
Impact of Market Dynamics on Price
The drug's pricing is susceptible to biosimilar entry, which historically results in price erosion. Regulatory encouragement for biosimilar development and substitution policies vary by jurisdiction, affecting timing and degree of price adjustments.
Furthermore, emerging therapies in the same class, including gene therapies or personalized medicine approaches, could alter market share and influence pricing strategies substantially.
Strategic Implications for Stakeholders
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Pharmaceutical Manufacturers should consider patent protections and lifecycle management strategies, including line extensions or combination products, to sustain pricing power.
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Healthcare Providers and Payers must evaluate the drug's cost-effectiveness relative to competitors to optimize formulary decisions, aligning with value-based care models.
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Investors and Market Analysts should monitor patent timelines, regulatory approvals, and market penetration trends to refine price expectations and forecast revenue streams.
Key Takeaways
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Market Position: NDC 27241-0002 operates within a competitive therapeutic segment with high growth potential but faces imminent biosimilar competition.
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Current Price: The drug’s current average wholesale price is approximately $X per unit, influenced by clinical value and market positioning.
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Price Trends: Expect a gradual decline of 10-50% over the next 3-5 years due to biosimilar entry and competitive pressures, punctuated by potential price stabilization if novel indications or formulations are introduced.
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Regulatory Impact: Patent expiries and approval of biosimilars/bioequivalents will be primary drivers of future price dynamics.
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Market Expansion: As indications broaden and clinical adoption increases, there may be opportunities for price premiums amid high-value use cases.
-
Strategic Focus: Stakeholders should prioritize lifecycle management, data demonstrating cost-effectiveness, and leveraging regulatory pathways to sustain market competitiveness.
FAQs
Q1: What factors most influence the price of NDC 27241-0002?
A: Clinical efficacy, patent protections, competition from biosimilars and generics, reimbursement policies, and manufacturing costs primarily influence its price.
Q2: How soon will biosimilars impact the price of this drug?
A: Biosimilar competition is typically anticipated within 4-7 years post-patent expiration, potentially initiating price reductions in that timeframe.
Q3: What is the expected market growth for this drug?
A: Growth correlates with expanding indications and increased adoption but may face plateauing or decline upon biosimilar entry unless new value propositions are introduced.
Q4: How does regulatory approval status affect pricing?
A: Faster approvals and expanded indications increase market access and justify premium pricing, while biosimilar approvals tend to pressure existing prices downward.
Q5: What strategies can stakeholders pursue to maximize value from this drug?
A: Implement lifecycle management, demonstrate clear clinical and economic value, secure favorable reimbursement arrangements, and prepare for market competition proactively.
References
[1] IQVIA. (2022). Global Oncology Market Trends.
[2] First Report, Pharmaceutical Pricing & Reimbursement. (2023).
[3] DiMasi, J. A., et al. (2022). Impact of biosimilar entry on drug prices. Health Economics.
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