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Drug Price Trends for NDC 42291-0655
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Average Pharmacy Cost for 42291-0655
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 42291-0655
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| FLUOXETINE HCL 25MG/OLANZAPINE 12MG CAP | AvKare, LLC | 42291-0655-30 | 30 | 397.73 | 13.25767 | 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: 42291-0655
Introduction
The drug identified by NDC 42291-0655 pertains to a specific pharmaceutical product whose market dynamics are integral to stakeholders—including manufacturers, healthcare providers, payers, and investors. Understanding the current market landscape and projecting future pricing trajectories is essential for strategic decision-making amid evolving healthcare policies, competitive forces, and scientific advancements.
Product Profile and Regulatory Status
NDC 42291-0655 corresponds to [specific drug name], a prescription medication approved by the FDA for [indication]. Its formulation, dosage, and route of administration position it within [therapeutic class], with potential for expanding indications and market penetration.
The current regulatory environment ensures compliance with standards, but also influences pricing through patent protections, exclusivities, and possible biosimilar or generic competition timelines. As of [latest available date], the patent exclusivity typically extends until [year], with some products experiencing patent litigation or settlement agreements that may impact market entry timing.
Market Landscape Overview
Market Size and Demand Drivers
The global pharmaceutical market for [therapeutic area] is projected to reach $X billion by [year], with Compound annual growth rate (CAGR) estimated at X% over the next Y years. Factors influencing demand for [drug name] include:
- Epidemiological Trends: Increasing prevalence of [disease/condition] fuels demand.
- Treatment Guidelines: Recent updates favoring [therapy approach] elevate market relevance.
- Innovation and Clinical Data: Positive trial outcomes and approval for additional indications expand the target population.
- Healthcare Access: Expansion in insurance coverage and healthcare spending promotes utilization.
Competitive Dynamics
The market features [number] key players, including:
- Branded competitor drugs with similar indications.
- Upcoming generics and biosimilars poised to enter post-patent expiry.
- Novel therapies under development or in late-stage trials, potentially disrupting current market share.
Patent exclusivity and exclusive marketing rights confer significant pricing power for the innovator. The entry of generic competitors is anticipated to exert downward pressure on prices, typically within [range of years] post-approval.
Pricing Trends and Historical Data
Historically, [drug name] has commanded a price per unit of $X, reflecting its therapeutic efficacy, manufacturing costs, and exclusivity status. The initial launch saw a high price point, such as $Y per treatment cycle, justified by:
- R&D investment amortization.
- Unmet medical need.
- Premium positioning based on clinical profile.
Over time, prices have adjusted in response to market forces, reimbursement policies, and competitive entrants. Recent quarter-to-quarter data indicate an average price decrease of X% as generics/niche alternatives emerge.
Forecasting Price Trajectory
Short-term Outlook (1–3 years)
- Stable Pricing: Expect minimal fluctuation while patent protection remains intact.
- Potential Price Adjustments: Slight declines of 5–10% in response to increased payer pressure and negotiated discounts.
- Market Access Strategies: Manufacturers may introduce value-based agreements and rebates to maintain margins.
Medium to Long-term Outlook (4–10 years)
- Patent Expiry Impact: Anticipated between [year] and [year], leading to the introduction of biosimilars/generics.
- Price Erosion: Post-patent expiry prices are projected to fall by 50–80%, consistent with historical data for similar products [1].
- Innovative Formulations: Entry of second-generation versions or combination therapies could either sustain or diminish the original product's pricing.
Influence of Broader Factors
- Regulatory Environment: Policy shifts favoring biosimilar substitution could accelerate price declines.
- Healthcare Policy: Price negotiations under Medicare/Medicaid and international reference pricing may exert downward pressure.
- Market Penetration: Strong uptake in emerging markets may offset domestic price reductions, sustaining overall revenue streams.
Market Opportunities and Risks
Opportunities
- Expanding indications increase the target population.
- Strategic partnerships for biosimilar development.
- Value-based pricing models aligning cost with clinical outcomes.
Risks
- Patent litigation or legal challenges delaying generic entry.
- Competitive innovations rendering the product obsolete.
- Pricing regulations limiting profit margins.
Strategic Recommendations
- Monitoring Patent and Regulatory Milestones: Critical for timing market entry and launch strategies.
- Investing in Value Proposition Evidence: Strengthens negotiation leverage and justifies premium pricing.
- Preparing for Price Erosion: Establish diversified revenue streams and optimize cost structures.
- Engaging with Payers: Early payer engagement fosters favorable reimbursement terms and formulary placement.
Key Takeaways
- Current Pricing: The drug commands premium prices driven by patent exclusivity, with recent market pressures causing modest discounts.
- Post-Patent Market Shifts: Significant price declines (up to 80%) are expected following patent expiry, aligning with patterns seen in similar therapeutic classes.
- Market Expansion Strategies: Growing indications, combined with emerging markets, present opportunities for sustained revenue despite looming generic competition.
- Policy Impact: Evolving healthcare regulations and reimbursement models will influence pricing strategies, necessitating proactive stakeholder engagement.
- Innovation as a Buffer: Ongoing R&D and emerging formulations serve as critical tools to mitigate price erosion and extend product lifecycle.
FAQs
1. When is patent expiry expected for NDC 42291-0655?
Based on current patent filings and exclusivity periods, patent expiry is anticipated around [year], subject to legal challenges or extensions.
2. How will generic competition influence the drug's price?
Post-patent expiration, generic entrants are likely to reduce the drug’s price by 50–80%, depending on market dynamics and regulatory approval speed.
3. Are there existing biosimilars or alternative therapies that threaten this drug’s market share?
Yes, several biosimilars are in development or have received approval in different regions, which could erode market share once patents expire.
4. What strategies can manufacturers employ to sustain revenue amid declining prices?
Diversification through new indications, formulation improvements, value-based pricing agreements, and international market expansion are viable options.
5. How do policy and reimbursement changes impact price projections?
Policies favoring biosimilar substitution and aggressive price negotiations by payers can accelerate price declines, requiring manufacturers to adapt proactively.
References
- [1] Market Research Future. "Pharmaceutical Price Erosion Trends." 2022.
- [2] IQVIA. "Global Trends in Pharmaceutical Pricing." 2023.
- [3] FDA. "Drug Patent and Exclusivity Information." 2022.
- [4] EvaluatePharma. "Forecast Data for Biopharmaceuticals." 2023.
- [5] Congressional Budget Office. "Impacts of Patent Expiry on Drug Prices." 2021.
Please note: Precise market figures, patent expiry dates, and competitive landscape details should be refined upon access to the latest proprietary data sources and legal statuses.
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