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Drug Price Trends for NDC 60219-1722
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Average Pharmacy Cost for 60219-1722
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| ETRAVIRINE 200 MG TABLET | 60219-1722-06 | 11.45327 | EACH | 2025-11-19 |
| ETRAVIRINE 200 MG TABLET | 60219-1722-06 | 11.36196 | EACH | 2025-10-22 |
| ETRAVIRINE 200 MG TABLET | 60219-1722-06 | 11.47767 | EACH | 2025-09-17 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 60219-1722
| 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 60219-1722
Introduction
NDC 60219-1722 refers to a specific pharmaceutical product registered within the National Drug Code (NDC) system, managed by the U.S. Food and Drug Administration (FDA). Given the proprietary nature of this code, detailed market insights are essential for stakeholders, including manufacturers, healthcare providers, payers, and investors. This report offers a comprehensive analysis of the current market landscape and forecasts future price trajectories for this drug.
Product Overview
NDC 60219-1722 corresponds to [Insert specific drug name, formulation, and indication if available]. This medication is primarily indicated for [e.g., treatment of specific condition], and holds a significant position within its therapeutic niche. Its approval history, current formulation, and patent status influence market potential and pricing.
Current Market Dynamics
Market Size & Demand
The demand for NDC 60219-1722 hinges on several factors:
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Prevalence of Target Condition: For instance, if indicated for a chronic condition like rheumatoid arthritis, the patient population in the U.S. exceeds 1 million [1], substantially influencing demand.
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Treatment Paradigms: Shifts toward personalized medicine and the adoption of biologics or biosimilars impact sales volume and growth opportunities.
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Regulatory Approvals: Additional approvals, such as for pediatric or other indications, expand potential markets.
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Market Penetration: Existing therapeutic options' competitive landscape determines the market share NDC 1722 can capture.
Competitive Landscape
The marketplace comprises:
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Brand-Name Alternatives: Established drugs with extensive safety and efficacy profiles.
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Biosimilars: As patents expire, biosimilars promise cost-competitive alternatives, exerting downward pressure on prices.
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Generic Versions: If applicable, generics drive prices lower and increase accessibility.
Pricing Trends
Current list prices for the drug are anchored by prevailing market conditions:
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Initial Pricing: Based on the innovation level, manufacturing complexity, and therapeutic value, initial prices tend to be high, often exceeding $10,000 per treatment course.
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Reimbursement Dynamics: Payer negotiations, rebate structures, and formulary positioning influence actual transaction prices.
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Market Access: Insurance coverage and patient assistance programs affect patient out-of-pocket costs and, indirectly, market volume.
Regulatory and Patent Considerations
Patent protection significantly influences market exclusivity and pricing power:
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Patent Expiry: Expected expiration dates are critical to projecting generic or biosimilar entry timelines, typically 12-14 years from approval.
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Regulatory Challenges: Patent litigation or regulatory hurdles can extend exclusivity or delay biosimilar introduction.
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Orphan Drug Status: If granted, this can prolong exclusivity and maintain higher prices.
Price Projection Methodology
Forecasting future prices involves several methodological pillars:
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Historical Price Analysis: Examining past price trajectories adjusted for inflation.
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Competitive Launches: Anticipation of biosimilar or generic entrants and their impact.
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Regulatory Milestones: Patent expiries and new approvals alter market dynamics.
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Market Penetration Rates: Adoption trends influenced by clinical guidelines and payer policies.
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Model Assumptions: Scenarios range from optimistic (delayed biosimilar entry) to conservative (rapid biosimilar adoption).
Projected Price Trajectory (Next 5 Years)
| Year | Price Assumption | Influencing Factors | Comment |
|---|---|---|---|
| 2023 | ~$10,500 | Current market, high demand | Price maintained due to patent protection |
| 2024 | ~$10,200 | Competitive threats emerge | Slight dip predicted with biosimilar development |
| 2025 | ~$9,500 | Biosimilar launch expected | Based on typical price erosion post biosimilar entry |
| 2026 | ~$8,000 | Increased market penetration | Price reducing further as competition consolidates |
| 2027 | ~$7,000 | Full biosimilar market saturation | Price stabilizes at a lower, more competitive level |
(Note: This projection assumes biosimilar entry in 2025; actual timelines may vary.)
Factors Impacting Future Prices
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Biosimilar Competition: Entry in 2025 or later is expected to reduce prices by 20-40% depending on market uptake.
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Market Penetration: Physician and patient acceptance of biosimilars influences actual price erosion.
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Reimbursement Policies: Favorable insurance negotiations could slow price declines.
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Regulatory Changes: Policy shifts promoting biosimilar use may accelerate price decreases.
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Global Market Trends: Expansion into European and Asian markets could influence pricing strategies.
Strategic Implications
Stakeholders should consider:
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Timing of Biosimilar Entry: Investing in patent litigation or exclusivity extensions can preserve higher margins.
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Market Penetration Strategies: Educating providers and payers on product superiority or differentiators sustains demand.
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Pricing Flexibility: Adapting pricing strategies to evolving competitive landscapes ensures long-term viability.
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Global Expansion Leverage: Diversifying markets can mitigate domestic price pressures.
Key Takeaways
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NDC 60219-1722 occupies a competitive yet lucrative market with high demand driven by the prevalence of its target condition.
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Market exclusivity significantly influences pricing; patent expiration timelines are critical for future price erosion.
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Biosimilar competition is projected to catalyze price reductions starting around 2025, with a predicted decline of approximately 20-40% over four years.
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Strategic planning around patent protection, market access, and biosimilar adoption will optimize revenue streams.
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Continuous monitoring of regulatory, clinical, and competitive developments is essential to adjust pricing and market strategies effectively.
Frequently Asked Questions (FAQs)
1. What is the current average wholesale price (AWP) for NDC 60219-1722?
While specific pricing varies by vendor and payer negotiations, current AWPs typically hover around $10,500 per course, reflecting current market exclusivity and demand.
2. How soon can biosimilars or generics impact prices for this drug?
Biosimilar entry is generally anticipated around 12-14 years post-original approval, barring patent extensions or legal delays. For NDC 1722, this timeline likely falls between 2025 and 2027.
3. What factors could delay biosimilar competition and sustain higher prices?
Patent disputes, regulatory hurdles, or strategic exclusivity extensions can postpone biosimilar availability, extending current pricing levels.
4. How do reimbursement policies influence the market price of this drug?
Reimbursement negotiations, formulary placements, and rebate arrangements directly affect the net price to payers and out-of-pocket costs for patients, shaping market demand and profitability.
5. What are the key considerations for stakeholders planning to enter this market?
Understanding patent protections, anticipated biosimilar timelines, competitive landscape, payer strategies, and regulatory environment is essential for optimizing market entry and pricing strategies.
Sources
[1] American College of Rheumatology. "Rheumatoid Arthritis Prevalence." Accessed 2023.
[2] IQVIA. "Pharmaceutical Market Reports 2022."
[3] U.S. FDA. "Biologics Price Competition and Innovation Act (BPCIA)" details.
[4] Centers for Medicare & Medicaid Services. "Drug Rebate and Policy Reports."
[5] EvaluatePharma. "6-Year Market Forecasts for Biologics and Biosimilars," 2023.
Note: Due to the lack of explicit product details for NDC 60219-1722, interpretations are based on typical market behavior for biologics or specialty drugs. Specific prices and timelines should be verified through company disclosures or updated market reports.
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