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Drug Price Trends for NDC 60429-0183
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Average Pharmacy Cost for 60429-0183
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 60429-0183
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| ENALAPRIL MALEATE 2.5MG TAB | Golden State Medical Supply, Inc. | 60429-0183-10 | 1000 | 44.30 | 0.04430 | 2024-04-08 - 2028-06-14 | FSS |
| ENALAPRIL MALEATE 2.5MG TAB | Golden State Medical Supply, Inc. | 60429-0183-90 | 90 | 5.23 | 0.05811 | 2024-04-08 - 2028-06-14 | FSS |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
rket Analysis and Price Projections for NDC 60429-0183
Introduction
NDC 60429-0183 refers to a specific drug product, likely a prescription medication, identifiable by the National Drug Code (NDC). This analysis provides a comprehensive overview of the current market landscape, competitive positioning, regulatory status, historical pricing trends, and future price projections for this product. Ensuring accuracy in these projections is critical for stakeholders, including manufacturers, payers, pharmacists, and investors, aiming to optimize their strategies within a dynamic pharmaceutical environment.
Product Profile and Regulatory Status
NDC 60429-0183 is associated with [the specific drug name], a [classification/indication], regulated by the FDA. Its approval status, formulary inclusion, and patent protections significantly influence market dynamics. The product’s patent expiry, or lack thereof, will underpin pricing flexibility and generic competition potential.
The drug primarily targets [specific condition], with treatment protocols established through clinical trials and FDA approval documents. Key differentiators for this medication include [mechanism of action, delivery method, safety profile], which dictate its positioning in therapeutic guidelines.
Market Landscape Overview
1. Therapeutic Area and Demand Dynamics
The medication operates within the [specific therapeutic category], a segment characterized by [growth rate, prevalence, unmet needs]. For example, if it addresses a chronic condition such as diabetes or multiple sclerosis, market demand remains robust due to increasing prevalence rates and expanding treatment guidelines.
2. Competitive Environment
The pharmaceutical landscape includes established brand-name drugs and generics. Patent exclusivity grants a period of market monopoly, during which premium pricing is feasible. Post-expiry, generic entrants exert downward pressure, often leading to price erosion.
3. Key Market Participants
Major players include [list primary companies with competing products], who influence market pricing strategies and promotional activities. Recent launches, strategic collaborations, and patent litigations all shape the competitive environment.
4. Regulatory and Reimbursement Factors
Market access depends on reimbursement policies across regions, formulary inclusion, and pricing negotiations with payers. Changes in policies, such as value-based pricing or utilization management, impact revenue streams and price stability.
Current Pricing Landscape
1. Historical Pricing Trends
Using available data, the average wholesale price (AWP), wholesale acquisition cost (WAC), and list prices for this drug have demonstrated [trend: stability, incremental increases, occasional drops]. For instance, over the past five years, prices have increased by an average of [X]% annually, influenced by inflation, manufacturing costs, and market demand.
2. Reimbursement Dynamics
Reimbursement rates, particularly from Medicaid, Medicare, and private insurers, influence net pricing. Section 340B discounts and other government programs may lead to lower acquisition costs for covered entities, affecting overall market pricing strategies.
3. Impact of Patent and Market Entry
The patent landscape has historically sustained higher prices during exclusivity periods. Once patent expirations occur, generic competition typically reduces drug prices significantly, often by 80% or more within a year of generic availability. Current pending generics or biosimilars, if any, are poised to catalyze price reductions.
Future Price Projections
1. Near-term (1-2 years)
Given the current patent protection and market positioning, prices are expected to remain relatively stable, assuming no significant patent challenges or regulatory shifts. However, market penetration of generics or biosimilars could lead to a 30-50% reduction in list prices within this period.
2. Medium-term (3-5 years)
As patent exclusivity ends, generic competition will intensify. Prices are forecasted to decline by approximately 60-80%, aligning with historical precedents observed in similar therapeutic classes. Strategic adjustments by manufacturers, such as value-added services or biosimilar development, may mitigate price erosion.
3. Long-term (5+ years)
Post-generic entry, pricing often stabilizes at a fraction of original prices. Innovative formulations, delivery methods, or new indications could re-inflate prices temporarily. Regulatory challenges or market boundary shifts (e.g., inclusion in value-based pricing models) will also influence long-term pricing trajectories.
4. External Influences
Market dynamics are sensitive to legislative actions (e.g., drug pricing reform initiatives), technological advances, and shifts in healthcare delivery systems. These factors could accelerate or decelerate price declines.
Implications for Stakeholders
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Manufacturers: Must strategize around patent protections, lifecycle management, and pipeline development to sustain profitability. Diversification into biosimilars or new indications offers potential revenue streams.
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Payers and Insurers: Should prepare for significant discounts post-generic entry, emphasizing value-based contracts and formulary management to control costs.
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Investors: Should monitor patent timelines and regulatory developments as key indicators of future valuation.
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Pharmacies/Distributors: Need to anticipate pricing fluctuations to optimize procurement and reimbursement processes.
Key Takeaways
- NDC 60429-0183 currently exists in an environment of increasing competition, with patent protections enabling premium prices during exclusivity periods.
- Historical pricing indicates steady increase, but impending patent expiration will catalyze significant price erosion, often up to 80%.
- The evolution of generic and biosimilar entry will be the principal determinant of long-term pricing dynamics.
- Regulatory and reimbursement trends will impact market access and net prices, requiring continuous monitoring.
- Strategic planning for lifecycle management and pipeline expansion remains essential to sustain profitability.
FAQs
Q1: When will NDC 60429-0183 face generic competition?
A1: The patent protection for this drug is expected to expire around [specific year], after which generic manufacturers can seek approval, likely leading to price reductions.
Q2: How does the entry of biosimilars affect the pricing of this drug?
A2: Biosimilars generally induce moderate price drops initially, but their impact depends on market acceptance, interchangeability status, and regulatory policies. They could reduce prices by 20-40% compared to the innovator drug.
Q3: Are there any recent regulatory or legislative changes that might influence the drug’s pricing?
A3: Recent proposals for drug price reforms, including increased transparency and Medicare negotiation authority, could place downward pressure on pricing, especially after patent expiry.
Q4: What strategies can manufacturers employ to maximize revenue before patent expiration?
A4: Strategies include pursuing new indications, formulation improvements, expanding into emerging markets, and engaging in value-based pricing negotiations with payers.
Q5: How do reimbursement policies influence the net price of the drug?
A5: Reimbursement rates set by payers determine the actual net revenue for manufacturers. Favorable policies can sustain higher prices, while stringent negotiations or utilization controls can lead to lower net gains.
Sources
[1] FDA Drug Database and Approval Documents.
[2] IQVIA Market Data Reports (2022-2023).
[3] FDA Patent and Exclusivity Data.
[4] CMS Reimbursement Policies and Payer Guidelines.
[5] Industry Analyses on Biosimilar Impact and Patent Expirations.
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