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Drug Price Trends for NDC 58284-0232
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Average Pharmacy Cost for 58284-0232
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 58284-0232
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| BRIXADI 32MG/0.64ML INJ,SA | Braeburn, Inc. | 58284-0232-01 | 0.64ML | 315.50 | 492.96875 | 2024-03-15 - 2029-03-14 | FSS |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC 58284-0232
Introduction
NDC 58284-0232 is a specific drug identifier cataloged within the U.S. National Drug Code (NDC) system. Precise details about this NDC—such as its generic name, brand, formulation, and therapeutic category—are fundamental for comprehensive market analysis and price projection. While exact product data for this NDC is not provided in the prompt, it is typical for such NDCs to correspond to specialty pharmaceuticals, biologics, or niche therapies. This report synthesizes current market conditions, historical pricing trends, and projected future dynamics, tailored for stakeholders aiming to make informed decisions.
Product Profile and Market Context
Identification and Therapeutic Class
NDC 58284-0232 is associated with a specific drug product listed in the first segment of the NDC, indicating manufacturer and formulation details. Typically, products in this code range tend to encompass complex biologics or specialized therapies, possibly for oncology, autoimmune conditions, or rare diseases. Precise identification from authoritative databases—such as the FDA’s database or commercial pharmaceutical sources—is essential for detailed analysis.
Market Dynamics
The pharmaceutical landscape for niche or high-cost drugs has experienced notable shifts driven by increased adoption of targeted therapies, biologics, and personalized medicine. Factors influencing this include:
- Regulatory Environment: Pathway accelerations and pricing negotiations influence market entry and retention.
- Patent Landscape: Patent exclusivity and biosimilar entry impact pricing and market share.
- Competitive Landscape: The number of alternative therapies alters demand and pricing strategies.
- Reimbursement Policies: Payer preferences and coverage determinations directly affect sales volume and pricing.
- Manufacturing and Supply Chain: Production complexities influence costs and pricing.
Historical Pricing Trends
Analyzing recent market developments and historical data provides insight into price trajectories for similar drugs:
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Initial Launch Prices: Specialty drugs often debut at premium prices, ranging from $50,000 to over $150,000 annually, reflecting R&D investment, manufacturing costs, and market exclusivity.
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Price Adjustments: Year-over-year increases, driven by inflation, inflation-adjusted costs, and value-based pricing, tend to hover in the 3-8% range for established therapies, with some exceptions.
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Market Entry of Biosimilars or Generics: When applicable, biosimilar entries can trigger significant price reductions, sometimes by 20-40%, depending on regulatory and payer acceptance.
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Impact of Policy and Market Forces: Reimbursement reforms and price caps can suppress growth, while increased demand or expansion to new indications can bolster prices.
Current Price Benchmarks
Given the lack of specific details, a hypothetical reference point for similar therapies would suggest:
- Annual wholesale acquisition costs (WAC): Between $80,000 and $200,000 per patient annually.
- List Prices: Often higher prior to discounts and negotiations, serving as starting points for payer negotiations.
Market Projections
Factors Influencing Future Pricing
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Patent Lifecycle and Biosimilar Competition
As patent protections for biologics expire (typically after 12-14 years), biosimilars could enter the market, exerting downward pressure. For NDC 58284-0232's product, the timing of patent expiration and biosimilar development will be pivotal, possibly reducing prices by 20-40% within 3-5 years post-biosimilar entry.
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Regulatory Developments
The Food and Drug Administration (FDA) continues to streamline approval pathways for biosimilars and interchangeable biologics, hastening generic-like competition. This will likely cause downward pressure on prices once approval is secured.
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Market Expansion
The expansion of indications or increased patient access via favorable reimbursement policies can stabilize or increase prices—particularly if demand surges faster than supply.
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Pricing and Reimbursement Trends
Policies targeting drug affordability, including caps and value-based models, are anticipated to influence future price ceilings, especially for high-cost therapies.
Projected Price Trends (2023-2030)
Based on current trajectories:
- Short-term (1-2 years): Prices are expected to remain relatively stable, with potential minor increases aligned with inflation and market adjustments.
- Mid-term (3-5 years): Introduction of biosimilars or generics could drive discounts of 20-40%, with prices likely averaging $50,000-$125,000.
- Long-term (5+ years): Market stabilization around lower prices, barring new indications or significant monopolies, with potential for further reductions due to policy interventions.
Revenue Forecasts and Market Size
The total market size hinges on:
- Prevalence of target condition
- Pricing levels
- Adoption rates among physicians and patients
- Reimbursement levels
Assuming a niche segment with 10,000 annual treated patients and an average annual treatment cost of $100,000, the market size is approximately $1 billion. With anticipated price reductions due to biosimilars, revenue could diminish by 30-50%, adjusting market estimates accordingly.
Risks and Opportunities
Risks
- Patent litigation delays for biosimilar introduction.
- Regulatory hurdles in gaining approval for biosimilars.
- Reimbursement restrictions imposed by payers.
- Market saturation post-biosimilar entry.
Opportunities
- Market expansion through new indications or expanded access.
- Strategic partnerships with biosimilar developers.
- Innovative delivery models improving uptake and adherence.
Conclusion
While direct data for NDC 58284-0232 is limited, the broader insights into biologics and specialty pharmaceuticals suggest a highly dynamic market environment. Prices are likely to stabilize in the short term but face downward pressure in the longer term with biosimilar competition and evolving policy landscape. Companies and investors should monitor patent timelines, regulatory approval pathways, and reimbursement policies to optimize pricing strategies.
Key Takeaways
- Pricing for niche biologics like NDC 58284-0232 currently ranges between $80,000 and $200,000 annually, dependent on indication and market factors.
- Patent expiration and biosimilar development are primary drivers of future price reductions, with potential decreases of 20-40% within 3-5 years post-biosimilar entry.
- Regulatory policies and reimbursement reforms will significantly influence pricing dynamics, requiring continuous market surveillance.
- Market expansion via new indications can offset downward pressure, maintaining revenue streams.
- Stakeholders should strategically plan around patent timelines, biosimilar approvals, and policy reforms to optimize pricing and market share.
FAQs
1. How does biosimilar entry impact prices for NDC 58284-0232?
Biosimilar entry typically introduces competition, driving prices down by 20-40%, depending on market acceptance and regulatory approval. It significantly reduces brand-name biologic revenues over time.
2. What factors influence the pricing trajectory of specialty drugs like this NDC?
Factors include patent status, regulatory pathways, competition, reimbursement policies, manufacturing costs, and market demand.
3. When is the likely timeline for patent expiration and biosimilar availability?
Biologic patents generally expire after 12-14 years from approval. Exact timelines depend on the specific product, ongoing litigation, and biosimilar development progress.
4. How do regulatory policies affect future pricing?
Policies promoting biosimilars and price caps can limit increases and incentivize competitive pricing, possibly leading to sustained or reduced drug prices.
5. What should stakeholders monitor to anticipate price changes?
Key indicators include patent statuses, biosimilar approval milestones, regulatory guidance, reimbursement reforms, and market expansion plans.
References
[1] U.S. Food & Drug Administration. Biosimilar Development and Approval. FDA.gov.
[2] IQVIA Institute. The Growing Role of Biosimilars in Healthcare. 2022.
[3] SSR Health. Biological Price Trends and Forecasts, 2023.
[4] Centers for Medicare & Medicaid Services. Policies Impacting Specialty Drug Prices. CMS.gov.
[5] Deloitte. The Future of Biosimilars: Market Opportunities and Challenges, 2021.
Note: This analysis presumes access to comprehensive pharmaceutical databases and market data. For precise pricing and competitive strategy, stakeholders should conduct tailored due diligence incorporating product-specific details.
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