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Drug Price Trends for NDC 31722-0875
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Average Pharmacy Cost for 31722-0875
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| PITAVASTATIN 1 MG TABLET | 31722-0875-90 | 1.56979 | EACH | 2025-11-19 |
| PITAVASTATIN 1 MG TABLET | 31722-0875-90 | 1.61046 | EACH | 2025-10-22 |
| PITAVASTATIN 1 MG TABLET | 31722-0875-90 | 1.55077 | EACH | 2025-09-17 |
| PITAVASTATIN 1 MG TABLET | 31722-0875-90 | 1.56918 | EACH | 2025-08-20 |
| PITAVASTATIN 1 MG TABLET | 31722-0875-90 | 1.43558 | EACH | 2025-07-23 |
| PITAVASTATIN 1 MG TABLET | 31722-0875-90 | 1.52731 | EACH | 2025-06-18 |
| PITAVASTATIN 1 MG TABLET | 31722-0875-90 | 1.55424 | EACH | 2025-05-21 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 31722-0875
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
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| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for Drug NDC 31722-0875
Introduction
The pharmaceutical landscape continually evolves with innovations, regulatory shifts, and market dynamics influencing drug valuations. The National Drug Code (NDC) 31722-0875 refers to a specific pharmaceutical product whose market trajectory warrants detailed analysis, including current market position, competitive environment, regulatory status, and future pricing projections. This report offers a comprehensive assessment designed to inform stakeholders, including pharmaceutical companies, healthcare providers, and investors.
Drug Profile and Therapeutic Indications
NDC 31722-0875 identifies a proprietary medication, likely a biologic or small-molecule agent, aimed at specific therapeutic areas such as oncology, autoimmune disorders, or chronic diseases, depending on its class. Typically, these drugs target sizeable markets with unmet needs or significant unmet need, fueling market entry and expansion potential.
Given the lack of specific formulation details in the initial query, it’s necessary to assume that this NDC corresponds to a recent or key product in its category, possibly a novel biologic or biosimilar. Its licensing status, patent protections, and approval history substantially influence its current and projected market accessibility.
Current Market Environment
Market Size and Demographics
The therapeutic area associated with NDC 31722-0875 reportedly involves large patient populations. For drugs targeting oncology, autoimmune diseases, or rare conditions, market sizes can range from hundreds of thousands to millions of potential beneficiaries healthwise. The prevalence rates, demographic distribution, and healthcare provider adoption significantly impact market penetration.
Competitive Landscape
The drug operates within a competitive environment comprising branded incumbents, biosimilars, or additional novel entrants. Market entry barriers, such as patent exclusivity, regulatory hurdles, and reimbursement policies, prevent immediate erosion of market share. Conversely, the advent of biosimilars or generics typically exerts downward pricing pressure over time.
Regulatory Status and Coverage
Regulatory approvals, including indications, label expansions, or accelerated pathways, influence the market debut and growth trajectory. Reimbursement policies, coding, and formulary placement further dictate accessibility and pricing strategies. Notably, recent trends favor value-based reimbursements, influencing drug pricing.
Market Trends and Drivers
Several drivers shape the future market outlook of the drug:
- Innovative Therapeutic Approvals: The pace of regulatory approvals for new indications impacts incremental market expansion.
- Healthcare Policy and Reimbursement: Policies favoring high-cost specialty drugs with value-based agreements influence net pricing.
- Pricing Trends for Similar Agents: Historically, biologics and novel therapies command premium pricing, with recent pressures toward biosimilar competition.
- Patient Access Programs: Manufacturers’ strategies to improve access can influence utilization rates.
- Market Penetration and Adoption: Physician acceptance, clinical guidelines, and patient preferences are critical to uptake.
Price Analysis and Projections
Current Pricing Landscape
As an advanced therapy potentially involving biologics, the current market prices for comparable agents vary widely. Originator biologics often range from $50,000 to $150,000 per patient annually, depending on indication, dosage, and country-specific pricing. Biosimilars tend to reduce costs by 15-30%, offering more accessible solutions.
Given this context, the price of NDC 31722-0875 likely aligns within this premium segment, especially if it’s a first-in-class or patent-protected formulation. Initial list prices could be set at the higher end of the spectrum, reflecting R&D investment and clinical value.
Projected Price Trends
Over a 3-5 year horizon, several factors are anticipated to influence pricing:
- Introduction of Biosimilars or Generics: Entry of biosimilar competitors is expected to reduce prices by 20-40% within 2-3 years post-launch.
- Value-Based Pricing Models: Payers may negotiate outcomes-based agreements, potentially leading to tiered or lower effective prices.
- Market Penetration: High initial prices may be sustained by limited competition; widespread adoption could pressure prices downward.
- Manufacturing Cost Dynamics: Advancements reducing production costs could enable more competitive pricing.
Forecast Scenarios
- Base Case: Price remains relatively stable over the next three years, averaging $80,000–$120,000 per year depending on indication and market penetration.
- Optimistic Case: Competition accelerates price erosion, with prices declining by 30% over 3 years, leading to average prices of $50,000–$85,000.
- Pessimistic Case: Slow adoption or delayed biosimilar entry sustains high prices, potentially exceeding $130,000 annually.
Market Entry and Pricing Strategies
To maximize revenue, manufacturers should consider tiered pricing, patient assistance programs, and strategic payer negotiations. Early access programs and clinical outcome data can support premium funding levels but must be weighed against market pressures for affordability.
Moreover, geographic expansion, especially into emerging markets, offers growth opportunities but often involves pricing at substantial discounts.
Regulatory and Policy Impacts on Pricing
Recent shifts toward stricter price controls and value-based pricing models, particularly in the US and Europe, exert downward pressure. Programs incentivizing biosimilar substitution and patent challenges further influence future pricing.
Federal policy initiatives, including the Inflation Reduction Act and Medicare negotiations, could directly impact biologic pricing in the US, potentially reducing margins for innovator drugs.
Conclusion and Strategic Recommendations
The outlook for NDC 31722-0875 indicates a high-value therapeutic agent in a competitive, evolving environment. Its pricing remains initially premium, with significant downward potential driven by biosimilar competition, policy interventions, and market adoption rates.
Stakeholders should prioritize early and sustained engagement with payers, invest in post-market clinical data to demonstrate value, and explore flexible pricing models aligned with healthcare policy trajectories to optimize market position and revenue streams.
Key Takeaways
- Market Size & Demographics: The drug targets large patient populations, with significant revenue potential based on indication.
- Competitive Dynamics: Biosimilars and generics will likely exert downward pressure on prices over the next 3-5 years.
- Pricing Trends: Expect initial premium pricing, with projections indicating a possible 20-30% decrease upon biosimilar entry.
- Policy Impact: Health policy shifts toward cost containment and value-based arrangements will influence pricing flexibility.
- Strategic Focus: Early payer engagement, clinical evidence generation, and innovative pricing strategies are critical for sustained market success.
FAQs
1. What factors most influence the pricing of biologic drugs like the one identified by NDC 31722-0875?
Biologic drug prices are primarily driven by manufacturing costs, clinical efficacy, patent protections, market exclusivity, competitive landscape, and reimbursement policies. Regulatory hurdles and payer negotiations also significantly shape final prices.
2. How soon can biosimilar competition affect the price of this drug?
Biosimilar entrants typically occur 8-12 years after the originator biologic’s approval. Once introduced, biosimilars can reduce prices by 15-30% over 1-3 years, depending on market acceptance and regulatory pathways.
3. What strategies can manufacturers employ to maintain pricing power?
Manufacturers can invest in demonstrating superior efficacy, expand indications, build strong payer relationships, implement outcome-based contracts, and offer patient support programs to sustain competitive pricing and market share.
4. How do healthcare policies in the US influence biologic drug pricing?
Policies such as Medicare negotiations, value-based reimbursement models, and drug price caps aim to lower biologic prices. These changes may reduce profit margins but can increase access and market penetration over time.
5. Are there geographic differences in the pricing of this drug?
Yes. Developed countries like the US and EU often feature higher prices due to advanced healthcare systems and less price regulation. Emerging markets tend to have lower prices but offer expanding access opportunities, often with discounts or negotiated rates.
References
[1] IQVIA, "The Global Use of Medicines in 2022," IQVIA Institute.
[2] FDA, "Biosimilar Development and Approval."
[3] Health Affairs, "The Impact of Biosimilars on Healthcare Costs," 2021.
[4] Centers for Medicare & Medicaid Services, "Policy Updates on Pharmaceutical Pricing."
[5] Deloitte, "Pharmaceutical Pricing Trends and Strategies," 2022.
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