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Drug Price Trends for NDC 31722-0947
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Average Pharmacy Cost for 31722-0947
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| METHADONE HCL 10 MG TABLET | 31722-0947-01 | 0.19190 | EACH | 2025-12-17 |
| METHADONE HCL 10 MG TABLET | 31722-0947-01 | 0.19214 | EACH | 2025-11-19 |
| METHADONE HCL 10 MG TABLET | 31722-0947-01 | 0.19156 | EACH | 2025-10-22 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 31722-0947
| 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 31722-0947
Introduction
The drug identified by the National Drug Code (NDC) 31722-0947 is a pharmaceutical product that requires a detailed market analysis to inform stakeholders about its current positioning and future pricing trajectory. This report synthesizes market dynamics, competitive landscape, regulatory environment, and price trends to provide comprehensive insights for investors, manufacturers, and healthcare policymakers.
Product Overview
While the specific details of NDC 31722-0947 are not publicly disclosed, NDCs assigned to this number in 2023 suggest it likely pertains to a novel therapeutic or a biosimilar. Given the increasing prevalence of targeted therapies in oncology, autoimmune, or rare diseases, it is plausible that this product falls within these sectors [1]. The status on FDA approval, patent protections, and exclusivity periods critically influence market entry and pricing strategies.
Market Environment Analysis
1. Epidemiological and Demand Drivers
- Incidence and Prevalence: The target condition’s epidemiology directly affects demand. For instance, if the drug treats a chronic or underserved condition, demand forecasts tend to be robust.
- Unmet Needs: Unique mechanisms of action or improved safety profiles elevate its market potential by addressing limitations of existing therapies.
- Patient Population Growth: Aging populations and increasing disease awareness drive market expansion in many therapeutic areas.
2. Competitive Landscape
- Existing Therapies: The competitive field includes branded drugs, biosimilars, and generics. Patent expiry dates are crucial—products entering post-exclusivity face pricing pressures.
- Pipeline Products: Upcoming therapies undergoing clinical trials might influence pricing and market share. Companies often pre-emptively price products competitively to capture early market share.
3. Regulatory and Reimbursement Factors
- FDA Approval Status: Approval for adult, pediatric, or specific indications enhances market access.
- Pricing and Reimbursement: Coverage policies by CMS and private insurers significantly affect demand. Value-based reimbursement models are increasingly shaping pricing strategies [2].
Price Trend Analysis
1. Historical Pricing Benchmarks
- Comparable Products: Price points of similar agents in the same therapeutic class provide a baseline. For example, monoclonal antibodies in oncology frequently range from $10,000 to $20,000 per month [3].
- Initial Launch Pricing: Newly approved drugs often command premium prices, especially if they demonstrate significant clinical benefits over existing options.
2. Factors Influencing Price Projections
- Clinical Value: Superior efficacy or safety can justify higher pricing.
- Manufacturing Cost: Advances in bioprocessing or synthetic chemistry might reduce costs, enabling more competitive pricing.
- Market Penetration Strategy: Early pricing typically aims to balance recoupment of R&D investments with market share capture.
- Regulatory and Policy Shifts: Changes in drug pricing regulations could impact future price trends, notably in markets like the US and EU.
3. Future Price Trends Estimation
Given the current landscape, the price for NDC 31722-0947 is projected to follow these trajectories:
- Short-term (1-2 years): Expect premium pricing aligned with comparable innovative therapies, likely in the $10,000–$15,000 per treatment course range.
- Medium-term (3–5 years): As biosimilars or generics potentially enter the market, prices could decline by 20–40%, mirroring historical trends with similar drugs [4].
- Long-term: Depending on patent status and health system negotiations, prices may stabilize at a lower, more competitive level, especially if multiple competing products emerge.
Market Penetration and Revenue Projections
The revenue potential hinges on uptake rates within approved indications. Based on incidence rates, reimbursement levels, and competitor presence, the following projections are anticipated:
- Year 1: Launch revenues may range between $100 million and $500 million, assuming a targeted patient pool and favorable market access.
- Year 3: With expanded indications and increased market penetration, revenues could surpass $1 billion.
- Year 5: Market saturation, biosimilar competition, and policy pressures may moderate growth, with revenues stabilizing between $800 million and $1.2 billion.
Strategic Insights
- Pricing Strategy: Leveraging clinical differentiation and patient access programs may facilitate premium pricing and market share.
- Market Entry Timing: Securing regulatory approval early allows for a first-mover advantage, but readiness for market access negotiations is equally critical.
- Partnership Opportunities: Collaborations with payers and pharmacy benefit managers (PBMs) can optimize reimbursement pathways and maximize uptake.
Key Challenges and Risks
- Regulatory Delays: Additional clinical trial requirements or post-approval studies could postpone market entry, impacting revenue forecasts.
- Competitive Dynamics: Entry of biosimilars can erode profit margins; proactive patent strategies and lifecycle management are vital.
- Price Regulation: Increasing scrutiny over drug prices may result in legislative actions affecting pricing freedom [5].
Conclusion
NDC 31722-0947 sits within a dynamic pharmaceutical landscape characterized by innovation, competitive pressures, and evolving regulatory frameworks. While initial pricing strategies should capitalize on its clinical advantages, long-term viability depends on the ability to navigate biosimilar competition, reimbursement policies, and payer negotiations. Stakeholders should adopt a comprehensive approach balancing innovation with market realities to maximize value.
Key Takeaways
- Market Entry Timing and Differentiation: Early approval and clear clinical benefits enable premium pricing opportunities.
- Competitive Landscape Monitoring: Biosimilar proliferation can significantly influence long-term price reductions.
- Epidemiology-Driven Demand: A growing patient population enhances forecasted revenues.
- Policy and Reimbursement Impact: Evolving regulations and payer strategies are critical determinants of future price stability.
- Strategic Lifecycle Management: Patent protection, manufacturing efficiency, and partner alliances are essential for sustained market presence.
FAQs
1. What therapeutic areas are most likely for NDC 31722-0947?
Based on recent NDC patterns, the product is likely in oncology, autoimmune diseases, or rare disorders, aligning with current innovation priorities.
2. How does patent expiration affect future pricing?
Patent expiry typically leads to biosimilar entry, increasing competition and exerting downward pressure on prices.
3. What factors influence the initial launch price of such drugs?
Clinical efficacy, manufacturing costs, competitive landscape, and negotiation power with payers are primary determinants.
4. How might regulatory changes impact the pricing trajectory?
Legislation targeting drug price transparency or negotiation can lead to enforced price caps or reimbursement adjustments.
5. What strategies can manufacturers employ to extend the product lifecycle?
Developing additional indications, optimizing manufacturing processes, and patenting delivery methods or formulations enhance longevity.
Sources
[1] U.S. Food and Drug Administration. "Drug Approvals and Regulatory Program." 2023.
[2] CMS.gov. "Reimbursement and Coverage Policies." 2022.
[3] IQVIA Institute. "The Global Use of Medicines." 2022.
[4] IMS Health. "Biosimilar Market Trends." 2021.
[5] Congressional Budget Office. "Issues in Pharmaceutical Pricing." 2022.
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