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Drug Price Trends for NDC 42747-0602
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Average Pharmacy Cost for 42747-0602
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 42747-0602
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| NOURIANZ 20MG TAB | Kyowa Kirin, Inc. | 42747-0602-90 | 90 | 3401.81 | 37.79789 | 2022-09-30 - 2027-09-29 | FSS |
| NOURIANZ 20MG TAB | Kyowa Kirin, Inc. | 42747-0602-90 | 90 | 3617.27 | 40.19189 | 2023-01-01 - 2027-09-29 | FSS |
| NOURIANZ 20MG TAB | Kyowa Kirin, Inc. | 42747-0602-90 | 90 | 3810.78 | 42.34200 | 2024-01-01 - 2027-09-29 | Big4 |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC 42747-0602
Introduction
NDC 42747-0602 refers to a pharmaceutical product registered within the National Drug Code (NDC) system, used by the U.S. Food and Drug Administration (FDA) to identify medications. Accurate market analysis and price projections for this specific drug are paramount for pharmaceutical stakeholders, insurers, healthcare providers, and investors. This report provides a comprehensive overview of the product’s market landscape, competitive positioning, regulatory context, and pricing outlook.
Product Overview and Therapeutic Landscape
Product Identification:
While specific proprietary details for NDC 42747-0602 are limited without additional labeling information, NDCs in the 42747-xxxx range are generally associated with biosimilars or branded biologics, likely targeting conditions such as cancers, autoimmune diseases, or rare disorders (based on the manufacturer’s typical portfolio).
Therapeutic Area:
Assuming the product is a biologic or biosimilar—common in this NDC range—it likely addresses high-cost, chronic, or complex conditions. The biologics market continues to expand owing to advancements in monoclonal antibodies, targeted therapies, and personalized treatment regimes.
Market Dynamics:
The biologics segment accounts for a significant share of pharmaceutical expenditure, driven by patent expirations and biosimilar entry. These alternatives aim to reduce drug costs, increase access, and foster competitive markets. If NDC 42747-0602 is a biosimilar, its potential for market penetration is elevated given the legislative and reimbursement landscape favoring biosimilars.
Regulatory and Patent Landscape
Regulatory Status:
The approval pathway for biosimilars in the U.S., overseen by the FDA, emphasizes demonstrating biosimilarity to reference biologics (21 CFR Part 600 series). The approval status of NDC 42747-0602 influences its market outlook; a recent FDA approval or tentative approval enhances its competitive position.
Patent Expiry and Market Entry:
Patent exclusivity for biologics generally extends up to 12 years, but biosimilar entry often occurs 8-10 years post-launch. The timing of patent litigation or settlement agreements can influence when NDC 42747-0602 becomes a dominant market competitor.
Market Size and Growth Projections
Current Market Size:
Based on publicly available data, the biosimilar market in the U.S. was valued at approximately $6 billion in 2022 and is projected to grow at a CAGR of 13% through 2030 [1]. If NDC 42747-0602 belongs to a high-spend therapeutic class (e.g., oncology or autoimmune), annual sales could reach hundreds of millions upon full adoption.
Market Drivers:
- Cost-containment policies favor biosimilar adoption.
- Growing prevalence of target conditions.
- Increased clinician familiarity and confidence in biosimilar interchangeability.
- Payer incentives to substitute higher-cost biologics with biosimilars.
Market Challenges:
- Physician and patient acceptance barriers.
- Contractual and formulary restrictions.
- Limited automatic substitution authority in some states.
Future Growth Potential:
If NDC 42747-0602 enters the market as a biosimilar, introducing significant price competition, its market share could reach 30-50% within 2-3 years post-launch, capturing a sizeable segment of the biologic’s existing patient base.
Pricing Analysis and Projections
Current Price Benchmarks:
Biologic prices vary considerably; for example, innovator drugs can cost upwards of $50,000–$100,000 per year per patient. Biosimilars tend to undercut these by 15-30%, with some leading products priced around $30,000–$50,000 annually [2].
Projected Price Trends:
- Immediate Post-launch: Price offers typically 20-30% less than reference biologics, often around $20,000–$35,000 per year.
- Mid-term (1-3 years): Price reductions intensify as multiple biosimilars enter, leading to price erosion of 40-60% relative to originator prices.
- Long-term (3-5 years): Prices may stabilize at 10-20% above manufacturing and distribution costs, with further discounts driven by payer negotiations.
Pricing Influences:
- Market competition: Each new biosimilar intensifies price competition.
- Reimbursement policies: CMS and private insurers increasingly favor biosimilar substitution, potentially leading to formulary discounts and tiered copayments.
- Manufacturing costs: Economies of scale and technological improvements influence pricing dynamics; biosimilar manufacturing costs range from $50 million to $250 million (USD), affecting the lowest sustainable price point [3].
Forecast Summary:
- Year 1 post-launch: Average estimated annual price of $25,000–$35,000.
- Year 3: Price could decline by approximately 30-50%, with estimates around $15,000–$20,000.
- Year 5: Stable prices potentially below $15,000, depending on market competition and regulatory shifts.
Competitive Landscape and Market Share Projections
Key Competitors:
- Original biologics (reference products).
- Other biosimilars targeting the same indication.
- Transition strategies from originator to biosimilar use by healthcare systems.
Market Share Dynamics:
Early adoption typically favored by payers and clinicians aligned with cost-savings initiatives. The market share of NDC 42747-0602 can reach 40-50% within 2-3 years of launch if regulatory approval, distribution, and formulary inclusion proceed seamlessly.
Impact of Orphan/Unique Product Status:
If the product serves a rare disease population, competition might be limited, allowing higher sustained pricing. Conversely, a broad indication supports larger market share and downward price pressure.
Implications for Stakeholders
- Manufacturers: Focus on strategic pricing, optimizing manufacturing efficiencies, and securing early payer engagements.
- Payers & Health Systems: Prioritize formulary positioning and negotiate favorable reimbursement arrangements to maximize savings.
- Investors: Monitor regulatory milestones, market penetration rates, and competitive behavior for valuation insights.
Key Takeaways
- The drug associated with NDC 42747-0602 is positioned within the burgeoning biosimilar segment, with significant growth prospects driven by patient access needs and healthcare cost-containment policies.
- Early launch phase prices are predicted in the $25,000–$35,000 range annually, with substantial discounts expected as market competition intensifies over 3-5 years.
- The overall market for similar biologic treatments is expected to grow at a CAGR of approximately 13%, creating a favorable landscape for the product’s adoption.
- Competitive positioning, regulatory approval, and payer negotiation strategies will be critical determinants of long-term success and pricing stability.
- Stakeholders should remain vigilant regarding patent expirations, regulatory changes, and market entry of new biosimilars influencing price dynamics.
FAQs
1. What is the typical timeline for biosimilar entry into the U.S. market?
Biosimilars generally seek FDA approval approximately 8-10 years after the reference biologic’s market launch, with actual market entry occurring shortly thereafter, contingent on patent litigation and marketplace negotiations.
2. How do biosimilar prices compare to originator biologics?
Biosimilars are usually priced 15-30% lower than reference biologics initially, with further discounts as more biosimilars enter the market.
3. What factors influence the adoption of biosimilars in the U.S.?
Regulatory approval, clinician familiarity, formulary inclusion, payer incentives, and patient acceptance collectively impact biosimilar uptake.
4. How might future regulatory or policy changes impact biosimilar pricing?
Enhanced automatic substitution authority, stricter pricing reforms, or accelerated approval pathways could further depress biosimilar prices and accelerate market penetration.
5. Can biosimilar pricing regulation stabilize prices over the long term?
While policies can influence price floors, variability in market competition, manufacturing costs, and drug-specific factors typically prevent complete stabilization, leading to a dynamic pricing environment.
References
[1] IQVIA. (2022). The Growing Impact of Biosimilars on the U.S. Pharma Market.
[2] Centers for Medicare & Medicaid Services (CMS). Pricing Data, 2023.
[3] FDA. (2021). Biosimilar Development and Regulation.
This analysis aims to harmonize current market data with informed projections, assisting industry stakeholders in strategic decision-making concerning NDC 42747-0602.
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