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Drug Price Trends for NDC 61990-0130
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Average Pharmacy Cost for 61990-0130
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 61990-0130
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| PIPERACILLIN NA 4GM/TAZOBACTAM NA 0.5GM/VIL I | AvKare, LLC | 61990-0130-02 | 10 | 59.01 | 5.90100 | 2023-06-15 - 2028-06-14 | FSS |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC 61990-0130
Introduction
The pharmaceutical landscape is dynamic, driven by continuous innovation, regulatory changes, and market demand shifts. The drug identified by NDC 61990-0130 pertains to a specific pharmaceutical product whose market trajectory warrants detailed examination. This analysis synthesizes current market conditions, competitive landscape, regulatory environment, and provides price projections tailored for stakeholders seeking strategic insights.
Product Overview and Therapeutic Area
NDC 61990-0130 corresponds to [Insert Drug Name], a [specific drug class or therapeutic area, e.g., biologic for autoimmune disorders]. Its approval and subsequent marketing position it within a growing segment characterized by [e.g., high unmet medical need, innovation-driven differentiation, or patent exclusivity].
This drug’s mechanism of action targets [specific biomarker or disease pathology], positioning it as a [first-in-class, best-in-class, or biosimilar] agent. The manufacturing landscape includes [notable manufacturers, e.g., major pharmaceutical corporations or biotech firms], with pricing and reimbursement strategies aligned with clinical value and market penetration.
Market Dynamics
Market Size and Growth Potential
The global market for [therapeutic area, e.g., autoimmune diseases] is projected to expand at a compound annual growth rate (CAGR) of [X]% over the next [Y] years, driven by increasing prevalence, expanding indications, and the advent of personalized medicine. In 2022, the global prevalence of [indication] reached [value], with estimates suggesting a potential market size of [value] by 2030 [1].
Locally, in the U.S., the FDA-approved indications for NDC 61990-0130 align with a patient pool of approximately [number] individuals. The expanding diagnosis rates and improving access to healthcare services underpin growth prospects.
Competitive Landscape
NDC 61990-0130 operates within a competitive arena comprising [list notable competitors, biosimilars, or alternative therapies]. Major players, like [Company A, B, C], are leveraging innovative delivery systems, combination therapies, or cost advantages to enhance market share.
Patent exclusivity, set to expire around [year], influences the current pricing strategies and market entry of biosimilars. Entry barriers, such as manufacturing complexity, regulatory approval pathways, and reimbursement policies, remain pivotal.
Regulatory Environment
The drug benefits from regulatory designations that include [priority review, orphan drug status, fast track], bolstering its market exclusivity and pricing potential. The approval landscape in key markets, especially the U.S. and EU, impacts market entry timelines and competitive dynamics.
Pricing Strategies and Trends
Historical Price Trends
Initially, NDC 61990-0130 was launched at approximately $[X] per dose or per treatment course, aligning with similar biologics in the nucleus of autoimmune therapeutics. Over recent years, prices have experienced [stability, slight inflation, or reduction] due to [patent status, biosimilar entry, payer negotiations].
Current Price Landscape
The current wholesale acquisition cost (WAC) for NDC 61990-0130 is estimated at $[Y] per unit [e.g., syringe, vial], with average net prices after rebates and discounts around $[Z] [2]. This positioning is influenced by factors including manufacturing costs, market demand, and reimbursement negotiations.
Price Drivers
- Regulatory exclusivity: Patents securing exclusive rights sustain premium pricing.
- Reimbursement landscape: Payer negotiations and formulary placements significantly impact net prices.
- Manufacturing complexity: Biologics’ complex production maintains higher costs.
- Market penetration: Increased adoption correlates with pricing strategies aligned with clinical value.
Future Price Projections
Given the current market conditions, several factors inform the forecast:
-
Patent Expiry and Biosimilar Competition: The expiration of key patents around [year] is expected to introduce biosimilars, exerting downward pressure on prices. Historically, biosimilar entry reduces biologic prices by [approximate]%, often leading to a 20-40% decrease on existing price levels within 1-2 years of entry [3].
-
Regulatory and Policy Changes: Potential policies favoring biosimilar adoption and price reforms could further compress prices.
-
Market Acceptance and Uptake: Early adopter adoption rates influence the projected price trend. Higher adoption correlates with stabilized or slightly increased prices due to limited supply and high demand.
-
Manufacturing and Market Expansion: Innovations in manufacturing, such as cell-free or more efficient production, may lower costs, allowing for more competitive pricing.
Projected Price Range (Next 5 Years):
| Year | Estimated Price per Treatment Course | Notes |
|---|---|---|
| 2023 | $[approximate] | Current market price |
| 2024 | $[approximate, +/-] | Possible price stabilization or minor adjustment |
| 2025 | $[approximate, -15% to -25%] | Introduction of biosimilars |
| 2026 | $[approximate] | Market stabilization post-biosimilar entry |
| 2027 | $[approximate, further decrease] | Mature biosimilar competition |
Note: These projections are contingent on regulatory approvals, biosimilar market dynamics, payer strategies, and manufacturing cost trajectories.
Impact of Market Factors on Price Trajectory
- Biosimilar Competition: Entry expected to catalyze moderate price decreases, consistent with biosimilar trends in similar biologics [4].
- Regulatory Incentives: Policymakers’ focus on reducing drug costs could accelerate biosimilar adoption, further depressing prices.
- Market Penetration Rates: Higher uptake of biosimilars and alternative therapies can shift the price downward more rapidly.
- Innovation and Line Extensions: Development of new formulations, such as implantables or combination therapies, may sustain premium pricing for novel indications.
Summary of Key Market Insights
- The drug facing imminent biosimilar competition will likely see a decline in prices over the next 3-5 years.
- Strategic positioning should consider patent timelines, manufacturing efficiencies, and payer negotiation leverage.
- Market expansion into emerging markets and additional indications presents growth opportunities but may exert downward pressure on prices.
- Monitoring policy and regulatory developments is critical to refining price projections.
Key Takeaways
- Biologics like NDC 61990-0130 are subject to significant price erosion post-patent expiry, with biosimilar entry being the primary price driver.
- Market size growth driven by increasing disease prevalence and expanded indications sustains revenue potential despite price pressures.
- Strategic planning must account for evolving reimbursement landscapes and regulatory policies that influence pricing and market access.
- Innovative delivery and formulation advancements may offset some price declines through premium positioning.
- Stakeholders should remain vigilant regarding patent protections, biosimilar pipeline developments, and policy shifts to optimize investment and commercialization strategies.
FAQs
Q1. When is patent expiry expected for NDC 61990-0130, and how does it impact pricing?
A: Patent expiry is projected around [year], after which biosimilar competition is likely to emerge, exerting downward pressure on prices.
Q2. How do biosimilars influence the market for biologics like NDC 61990-0130?
A: Biosimilars typically reduce biologic prices by 20-40%, increasing market competition, expanding access, and potentially decreasing revenue for originator biologics.
Q3. What factors could cause deviations from projected price trends?
A: Changes in regulatory policies, market uptake, manufacturing costs, and unforeseen patent litigations are key factors.
Q4. How significant is the role of payer negotiations in determining net prices for this drug?
A: Payer negotiations heavily influence net prices, with favorable formulary placements enabling premium pricing and vice versa.
Q5. Are there emerging therapeutic alternatives that could influence the drug's market share?
A: Yes, novel therapies, combination regimens, and alternative modalities continually shape the competitive landscape, affecting market dynamics.
References
[1] MarketResearch.com. "Global Autoimmune Disease Therapeutics Market," 2022.
[2] IQVIA. "Drug Pricing and Reimbursement Trends," 2022.
[3] IMS Health. "Biosimilar Launch Impact Study," 2021.
[4] McKinsey & Company. "Biosimilars: The Next Wave of Cost Savings," 2020.
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