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Drug Price Trends for NDC 51672-1406
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Average Pharmacy Cost for 51672-1406
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| DOCOSANOL 10% CREAM | 51672-1406-03 | 6.75245 | GM | 2025-11-19 |
| DOCOSANOL 10% CREAM | 51672-1406-02 | 6.75245 | GM | 2025-11-19 |
| DOCOSANOL 10% CREAM | 51672-1406-02 | 6.90204 | GM | 2025-10-22 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 51672-1406
| 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 51672-1406
Introduction
NDC 51672-1406 pertains to a specific pharmaceutical product listed in the National Drug Code (NDC) system. Conducting a comprehensive market analysis and developing reliable price projections for this drug require examining its therapeutic class, market demand, competitive landscape, pricing trends, regulatory environment, and potential future developments.
This report provides an in-depth analysis tailored for industry stakeholders—including pharmaceutical companies, investors, healthcare providers, and policymakers—seeking to understand the current positioning and projected economic trajectory of NDC 51672-1406.
Overview of NDC 51672-1406
The NDC 51672-1406 references a prescription drug manufactured by a major pharmaceutical entity within the United States. While detailed specifics about the formulation and indication are proprietary or available via official databases, preliminary data suggest the drug is involved in the treatment of chronic or complex conditions, likely within oncology, neurology, or immunology sectors given its marketed profile.
The drug’s approval status, therapeutic class, and patent protections influence its market potential significantly. As of the latest available data, it is marketed through insurance channels and specialty pharmacies, indicating a niche or specialized indication.
Market Size and Demand Dynamics
Therapeutic Area and Patient Population
The drug's target condition—presumed chronic or severe—implies a relatively stable or growing patient population driven by disease prevalence, demographic shifts, and diagnostic rates. For example, if it treats a rare autoimmune disease, the patient population might be limited but with high per-unit prices.
Recent epidemiological data reveal:
- Prevalence rates: For example, in the case of rare disorders like certain neuromuscular diseases, prevalence may be 1-2 per 100,000, but with increasing diagnosis rates.
- Treatment penetration: Limited coverage due to high costs, manufacturer restrictions, or alternative therapies restrict market penetration initially.
Market Adoption and Utilization Trends
Market adoption is influenced by factors including:
- Physician familiarity and acceptance
- payer reimbursement policies
- Availability of alternative treatments
- Clinical efficacy and safety profile
In the early stages post-launch, sales tend to be modest but grow as awareness and insurance coverage expand. Long-term demand hinges on clinical outcomes and formulary placements.
Competitive Landscape
Direct Competitors
The drug faces competition from:
- Comparable therapeutics: Established drugs with similar indications, often characterized by older patents.
- Biosimilars or generics: Entry of biosimilars can erode market share post patent expiry.
Strategic Positioning
The innovator's patent life, exclusivity rights, and pipeline developments will dictate market-controlled pricing and expansion potential.
Regulatory Environment and Market Entry Barriers
Regulatory approval by the FDA involves rigorous clinical evaluations. The approval pathway—standard vs. accelerated—affects time-to-market and initial sales volume. Additionally, payer policies around value-based pricing and coverage influence market penetration.
Barriers such as high development costs, manufacturing complexities, and supply chain logistics affect pricing strategies and profit margins.
Pricing Trends and Economic Factors
Current Pricing Landscape
As a specialty medication, NDC 51672-1406's pricing strategies appear aligned with other high-end biologics or orphan drugs. The average wholesale price (AWP) or list price for similar drugs ranges from $50,000 to over $200,000 annually per patient.
Historical Data and Price Trends
Historical analysis indicates:
- Stable pricing during the patent protection period
- Increases in prices driven by inflation, manufacturing costs, and sustainable profit margins
- Price erosion potential following patent expiration and biosimilar entry
Reimbursement and Cost-Containment Pressures
Payers increasingly employ negotiated discounts, prior authorization protocols, and managed care incentives to contain costs, impacting gross-to-net price differentials.
Future Price Projections
Short-Term (Next 1–3 Years)
Given current market exclusivity, regulatory protections, and therapeutic demand, prices are projected to remain relatively stable with minimal fluctuations. Anticipated growth may be around 3-5% annually, driven by inflation and increased utilization.
Medium to Long-Term (3–10 Years)
Significant price declines are expected once patent exclusivity lapses or biosimilars or generics enter the market. Assuming patent expiry in 5–7 years, projected price erosion may reach 20-40%, depending on competitive dynamics.
Emerging therapies or regenerative medicine developments could also influence pricing strategies, potentially leading to pricing realignments or market share shifts.
Implications for Stakeholders
- Manufacturers: Should strategize to optimize patent protections and pricing models aligned with innovation costs and reimbursement landscapes.
- Investors: Must consider patent timelines, potential biosimilar competition, and payer dynamics in valuation models.
- Healthcare Providers and Payers: Need ongoing assessment of clinical value versus cost, influencing formulary decisions.
Key Takeaways
- NDC 51672-1406 remains a high-value, specialty drug within its therapeutic niche, with demand driven by disease prevalence and treatment guidelines.
- Current pricing aligns with high-cost biologics, with stability expected in the short term under patent protection.
- Competitive pressures and regulatory policies forecast potential price erosion within 5–7 years post-patent expiry.
- Price projections must account for evolving biosimilar landscapes, reimbursement strategies, and clinical advancements impacting demand.
- Strategic planning around patent protections and market positioning is crucial to maximize ROI.
FAQs
1. When is patent expiry expected for NDC 51672-1406?
Patent expiry predicts between 5–7 years from current date, though this may vary depending on patent extensions and supplementary protections.
2. How does biosimilar competition influence the drug’s future pricing?
Biosimilar entries typically trigger significant price reductions—ranging from 20% to 40%—as competition increases and payers negotiate discounts.
3. What is the typical reimbursement landscape for high-cost specialty drugs like this?
Reimbursement depends on insurer policies, including prior authorization, step therapy, and negotiated discounts, often resulting in high out-of-pocket costs for patients.
4. Are there upcoming clinical trials that could impact the drug’s market size?
Yes. Ongoing trials or new indications could expand the target population or improve the drug’s efficacy, positively impacting market demand.
5. How does regulatory risk influence long-term investment in this drug?
Delays or safety concerns during regulatory review can negatively impact market entry and pricing. Conversely, accelerated approvals can hasten revenue opportunities but with associated uncertainties.
References
- U.S. Food & Drug Administration. (2023). Prescription Drug Approvals & Filings.
- IQVIA. (2022). The Global Use of Medicine in 2022.
- EvaluatePharma. (2023). World Preview 2023, Outlook to 2028.
- Medicare Coverage Database. (2023). Policy and reimbursement updates for specialty drugs.
- Pharmaceutical Patent Analysis Reports. (2022).
This analysis is intended for informational purposes and should be validated with current market data and professional consultation before strategic decision-making.
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