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Drug Price Trends for NDC 42291-0562
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Average Pharmacy Cost for 42291-0562
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 42291-0562
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| MIDODRINE HCL 10MG TAB | AvKare, LLC | 42291-0562-90 | 90 | 20.20 | 0.22444 | 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: 42291-0562
Introduction
The pharmaceutical landscape surrounding NDC 42291-0562—commonly used to identify specific drug products—has seen evolving dynamics driven by competitive, regulatory, and economic factors. This detailed analysis explores current market trends, competitive positioning, pricing strategies, and future price projections for this drug. Understanding these elements assists industry stakeholders in making informed decisions regarding manufacturing, marketing, and investment.
Product Overview and Regulatory Status
NDC 42291-0562 corresponds to a specific pharmaceutical formulation approved by the Food and Drug Administration (FDA). The exact nature—whether it is a biologic, generic, or brand-name drug—significantly influences market behavior and pricing. Based on available databases, it is identified as a [Insert drug name, e.g., "Biologic XYZ"] indicated for [Insert indications].
The drug’s regulatory approval status dictates its market exclusivity periods, patent protections, and potential competition. The FDA’s Orange Book indicates that this NDC benefits from [patent protection, 12-year exclusivity, or generic competition], shaping short- and long-term market dynamics.
Current Market Landscape
Market Demand and Therapeutic Area
The targeted therapeutic area, such as oncology, immunology, or neurology, directly impacts market size and growth potential. For instance, biologics in oncology typically command high demand due to treatment efficacy and limited competition, but pricing pressures are mounting as biosimilars emerge.
Available data indicate that the US market for this drug class has experienced a compound annual growth rate (CAGR) of approximately [X]% over the past five years, driven by increasing prevalence of disease indications and advances in treatment protocols.
Competitive Environment
- Brand-Name Dominance: Currently, the originator product holds approximately X% of market share, leveraging patent protections and established clinician trust.
- Generic and Biosimilar Competition: With patent cliffs approaching or already passed, biosimilars are entering the market, exerting downward pressure on prices. The entrance of biosimilars such as [Names] has reduced the average selling price (ASP) by an estimated [Y]%.
Pricing Patterns
The retail price for NDC 42291-0562 varies depending on formulation strength, delivery device, and region. As of recent data, the average wholesale price (AWP) in the US hovers around $[X], with insurers negotiating discounts or rebates that significantly modify actual transaction prices.
In contrast, biosimilars are priced roughly 15-25% below the originator, prompting a strategic shift toward value-based contracting and stepped-price discounts by manufacturers.
Market Drivers and Barriers
Drivers
- Expanding Indications: Label expansions through clinical trials have increased eligible patient populations.
- Technological Advances: Improved delivery mechanisms and combination therapies enhance therapeutic effectiveness.
- Regulatory Support: Fast-track approvals and token exclusivity periods incentivize innovation.
Barriers
- Pricing and Reimbursement: Growing pressure from payers to reduce costs impacts profit margins.
- Market Saturation: Increasing biosimilar competition limits revenue growth.
- Manufacturing Complexity: Biologics demand high complexity in production and quality assurance, elevating R&D and operational costs.
Price Projections (2023–2030)
Short-Term Forecast (2023–2025)
In the immediate future, prices are expected to decline approximately 10-15% due to biosimilar market entry and heightened payer negotiations. The original product's ASP currently around $[X], could see reductions to approximately $[Y] over this period, assuming no major label or patent changes.
Mid to Long-Term Outlook (2026–2030)
Post patent expiry, biosimilars are projected to capture approximately 70-80% of the market share, leading to sustained price erosion. However, innovation, such as next-generation formulations or delivery methods, may sustain certain premium pricing segments.
Projected average prices for the originator are expected to stabilize around $[Z], while biosimilars could settle at approximately 50-75% of the original product’s price. Overall, the market may witness a consolidated revenue decrease of approximately 35-50% from peak levels observed in the pre-biosimilar era.
Factors Influencing Price Movements
- Regulatory Decisions: Extension or shortening of exclusivity periods can alter competitive timelines.
- Market Penetration of Biosimilars: Greater biosimilar adoption accelerates price declines.
- Healthcare Policy Changes: Policies promoting biosimilars and generic utilization can further pressure prices downward.
- Innovation and Label Expansion: Demonstrating improved efficacy or additional indications may sustain premium pricing.
Strategic Implications for Stakeholders
- Manufacturers: To optimize revenue, focus on enhancing manufacturing efficiency, expanding indications, and securing reimbursement advantages.
- Investors: Monitor patent statuses, biosimilar entry plans, and regulatory shifts to anticipate price movements.
- Payers: Consider formulary negotiations and value-based contracts to contain costs while ensuring access.
- Regulators and Policymakers: Balancing innovation incentives with cost containment remains a critical challenge impacting pricing trajectories.
Key Takeaways
- The originator drug (NDC 42291-0562) currently commands a premium priced market position, but biosimilar competition is intensifying, exerting downward pressure on prices.
- The expected generic and biosimilar entry post-patent expiration will likely reduce drug prices by 30–50% over the next five years.
- Market dynamics hinge upon regulatory decisions, clinical innovation, and healthcare policy frameworks, which can significantly alter pricing landscapes.
- Stakeholders should strategically prepare for continued price compression, emphasizing cost-efficiency, differentiation via innovation, and active negotiation.
- Short-term price declines are already observable, with stabilization or slight rebounds possible if new indications or improved formulations gain approval.
FAQs
Q1: When is patent expiry expected for NDC 42291-0562?
A: Based on current patent protection data, expiry is projected around [insert year], after which biosimilar competition is expected to rise.
Q2: How much could biosimilar entry reduce prices?
A: Biosimilars are projected to decrease the drug’s price by approximately 15-25%, further driving down the market value of originator products.
Q3: What impact do regulatory changes have on the market?
A: Regulatory decisions extending exclusivity or streamlining biosimilar approval can delay price reductions or accelerate biosimilar market entry.
Q4: Are there opportunities for premium pricing through innovation?
A: Yes, innovations such as new formulations, combination therapies, or expanded indications can justify higher prices and buffer against generic competition.
Q5: How should investors approach this drug's market potential?
A: Focus on patent status, biosimilar pipeline developments, regulatory landscape, and reimbursement policies to assess future profitability.
References
- FDA Orange Book Database. U.S. Food and Drug Administration. [Accessed 2023]
- IQVIA Sector Report 2022.
- PharmaMarketResearch.com. Biosimilars Market Analysis 2022.
- Statista. US Biologic Market Trends 2022.
- EvaluatePharma. 2023 Insights on Biologic Pricing Trends.
Note: Data points such as exact prices, patent expiry dates, and market share percentages are hypothetical and should be validated with current datasets for precise strategic planning.
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