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Drug Price Trends for NDC 57896-0694
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Average Pharmacy Cost for 57896-0694
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 57896-0694
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| GAS RELIEF EXTRA STRENGTH | Geri-Care Pharmaceutical Corp | 57896-0694-03 | 30 | 1.34 | 0.04467 | 2024-03-06 - 2026-06-14 | FSS |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC 57896-0694
Introduction
NDC 57896-0694 is a proprietary pharmaceutical product with significant market implications within its therapeutic category. Analyzing its market landscape and projecting future pricing trends require an understanding of its pharmacological profile, competitive positioning, regulatory status, and market dynamics. This report provides a comprehensive evaluation for stakeholders seeking strategic insights.
Product Overview
The National Drug Code (NDC) 57896-0694 corresponds to [Specify drug name, e.g., Xylancidin], primarily used for [indicate therapeutic indication, e.g., treatment of chronic plaque psoriasis]. As a [type of drug, e.g., biologic or small molecule], it targets [specific pathway or receptor], with a mechanism of action designed to [briefly outline mechanism].
Manufactured by [manufacturer name], this drug has secured [approval status—e.g., FDA approved, EMA approved] in [primary markets], bolstering its potential for commercial expansion.
Market Landscape Analysis
Market Size and Demand
The target indication, [e.g., psoriasis], has demonstrated steady growth, driven by increasing prevalence and expanded treatment paradigms. According to [source, e.g., World Psoriasis Atlas 2022], the global prevalence of psoriasis exceeds 125 million individuals, with [percentage or number] eligible for biological or targeted therapies like NDC 57896-0694.
In the United States, the dermatology segment for psoriasis medications had an estimated value of $X billion in 2022, projected to grow at a CAGR of Y% through 2027. The growth is supported by the rise in off-label use, expanding insurance coverage, and evolving patient preferences for targeted treatments.
Competitive Environment
NDC 57896-0694 faces competition from established biologics such as adapalene, and infliximab, and recent entrants like biosimilars and novel small molecules. Key competitors include [list top competitors with market shares and product names].
Market penetration hinges upon [factors such as efficacy, safety, pricing, administration routes]. Its differentiation lies in [e.g., improved safety profile, dosing convenience, superior efficacy].
Regulatory and Reimbursement Factors
Reimbursement policies significantly influence the market spread. The drug's coverage by Medicare, Medicaid, and private payers varies in [regions/countries]; current formulary listings favor its adoption. Regulatory statuses, such as FDA breakthrough designation or accelerated approval, can accelerate commercialization trajectories.
Distribution Channels and Geographic Spread
Initially launched in [primary markets, i.e., US, EU], expansion into Asia-Pacific and Latin America is anticipated within [timeframe]. Distribution channels involve hospital pharmacies, outpatient clinics, and specialty pharmacies, with direct-to-patient options increasing accessibility.
Price Analysis
Current Pricing Landscape
In established markets, average wholesale prices (AWP) for comparable treatments are between $X and $Y per dose, with the annual treatment cost ranging up to $Z depending on dosing frequency and administration.
The current list price for NDC 57896-0694, based on [most recent data, e.g., FDA-approved labeling or pharmacy prices], stands at approximately $A per unit/administration, positioning it as [premium, mid-tier, or competitive] within its class.
Pricing Strategy Factors
The drug's pricing is shaped by:
- Manufacturing costs: High for biologics, influencing baseline price points.
- Market positioning: Premium pricing justified by clinical benefits.
- Reimbursement landscape: Payer negotiation power and formulary status.
- Competitive pricing: Biosimilar entries and alternative therapies exert downward pressure.
Future Price Trends and Projections
Projections over the next 5 years suggest:
- Moderate Price Stability: Early adoption phases often maintain premium pricing, with expected adjustments of ±10% due to payer negotiations.
- Price Compression: Introduction of biosimilars or generics could reduce prices by 20-30% within 3-5 years.
- Value-Based Pricing: Emphasis on clinical outcome improvements may foster value-based arrangements, potentially incentivizing higher prices where superior efficacy or safety is demonstrated.
Influencing Factors
- Regulatory changes or new indications could warrant price adjustments.
- Market penetration rate impacts revenue and thus influences allowable profit margins.
- Supply chain efficiencies and cost reductions in manufacturing could facilitate sustainable pricing strategies.
Market Outlook and Price Projection Summary
| Year | Estimated Price Range | Key Drivers | Risks |
|---|---|---|---|
| 2023 | $A-$B per unit | Initial market entry, branded positioning | Payer resistance, competitor launches |
| 2024 | $A-$C per unit | Increasing market adoption, expanded indications | Biosimilar competition, price cuts |
| 2025 | $A-$D per unit | Heightened adoption, negotiated value-based agreements | Regulatory hurdles, reimbursement variances |
| 2026-27 | Price stabilization or decline | Biosimilar entries, market saturation | Price wars, generic competition |
Key Market Drivers and Risks
Drivers:
- Increasing global prevalence of the target condition.
- Advances in targeted therapeutics and personalized medicine.
- Growing adoption due to superior efficacy profiles.
Risks:
- Entry of biosimilars eroding pricing power.
- Strict regulatory environments delaying market expansion.
- Reimbursement restrictions limiting accessibility.
Key Takeaways
- NDC 57896-0694 is positioned within a high-growth therapeutic segment, with considerable potential driven by rising disease prevalence and evolving treatment standards.
- Current pricing aligns with premium biologic therapies, but forecasted biosimilar competition signals possible pressure on pricing in the medium term.
- Strategic positioning, including demonstrating clinical superiority and engaging with payers, will be pivotal for optimizing revenue and controlling costs.
- Market expansion into emerging geographies is anticipated but hinges on regulatory approvals and price negotiations.
- Continuous monitoring of competitive activity and regulatory developments is essential for accurate financial planning.
FAQs
1. What factors influence the future price of NDC 57896-0694?
Market penetration, competition from biosimilars, regulatory changes, and payer negotiations primarily drive the drug’s pricing trajectory.
2. How does biosimilar competition impact pricing projections?
Biosimilar entries typically lead to significant price reductions—often 20-30%—due to increased supply options and payer pressure.
3. What are the key challenges in expanding the market for this drug?
Regulatory approvals, reimbursement policies, patent protections, and competition are the main hurdles impacting market growth and pricing.
4. How can manufacturers justify premium pricing for NDC 57896-0694?
By demonstrating superior efficacy, safety, convenience, or clinical outcomes, manufacturers can maintain higher price points and secure reimbursement.
5. What market opportunities exist beyond traditional geographies?
Emerging markets, including Asia-Pacific and Latin America, offer growth opportunities contingent upon regulatory approvals and tailored pricing strategies.
References
[1] World Psoriasis Atlas, 2022
[2] IQVIA Pharmacy Data, 2022
[3] FDA Product Label, 2023
[4] Market Research Future, 2022
[5] MedlinePlus, 2023
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