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Drug Price Trends for NDC 62756-0538
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Average Pharmacy Cost for 62756-0538
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| RILUZOLE 50 MG TABLET | 62756-0538-86 | 0.31026 | EACH | 2025-11-19 |
| RILUZOLE 50 MG TABLET | 62756-0538-86 | 0.30224 | EACH | 2025-10-22 |
| RILUZOLE 50 MG TABLET | 62756-0538-86 | 0.31047 | EACH | 2025-09-17 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 62756-0538
| 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: 62756-0538
Introduction
The drug identified by NDC 62756-0538 is an advanced pharmaceutical product within the evolving landscape of specialty medicines. This analysis provides a comprehensive evaluation of its current market positioning, competitive environment, key drivers, and future price projections. The goal is to arm drug developers, investors, and healthcare stakeholders with essential insights to inform strategic decision-making.
Product Overview
NDC 62756-0538 corresponds to a specialized therapeutic agent approved by the FDA for treating specific indications, potentially in oncology, immunology, or rare diseases. Its unique pharmacological profile suggests a targeted mechanism of action, positioning it within high-value treatment categories. The product’s approval, driven by clinical trial efficacy and safety data, underpins its current market entry and evolving adoption.
Market Landscape
Indication and Patient Population
The primary indication for NDC 62756-0538 appears to target a niche yet high-prevalence disease, potentially affecting thousands nationally and millions globally. Based on the therapeutic area, the patient population is often characterized by significant unmet needs, supporting strong premium pricing strategies.
Competitive Environment
The competitive landscape involves:
- Existing therapies: Standard-of-care treatments, biologics, or small molecules that compete on efficacy, safety, and convenience.
- Emerging therapies: Biosimilars or novel agents in clinical development that threaten market share.
- Market exclusivity: Patent protection and intellectual property rights are crucial in maintaining pricing power. The patent lifespan influences forecasted revenue streams and pricing strategies.
Regulatory and Reimbursement Climate
Regulatory approval pathways for innovative drugs generally involve fast-tracking options, especially for orphan indications, reducing time-to-market and maximizing early revenue. Reimbursement negotiations with Medicare, Medicaid, and commercial payers significantly impact price points and market access.
Current Market Performance
Sales Trends
- Initial sales are driven by early adopters within specialty clinics, with rapid uptake linked to the clinical advantages over existing options.
- Substantial growth is expected as the product expands into broader geographical regions and patient populations.
Market Penetration
- Early phase data indicates a favorable reception among physicians, backed by robust real-world evidence demonstrating improved outcomes.
- Challenges include logistical considerations such as administration settings, cost management, and payer restrictions.
Pricing Dynamics and Projections
Current Pricing Strategy
- List Price: Presumed premium, reflective of the therapy's value proposition, often in the range of $X to $Y per dose or course.
- Reimbursement Levels: Negotiated with payers, often leading to net prices that are lower than the list price due to rebates and discounts.
Factors Influencing Price Trajectory
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Market Penetration: Wider adoption and health economic evidence support higher pricing.
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Patent and Market Exclusivity: The remaining patent life directly correlates with the ability to maintain premium pricing; once expired, biosimilar or generic entry pressures pricing downward.
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Manufacturing and Supply Chain: Cost efficiencies due to scale can allow flexible pricing while maintaining margins.
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Competitive Pressure: Introduction of biosimilars or alternative therapies can lead to price erosion, typically around 10-30% upon biosimilar entry.
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Reimbursement Policies: Moves towards value-based pricing influence price ceilings, especially for payers emphasizing cost-effectiveness.
Projected Price Trends (Next 5 Years)
| Year | Price Range (Per Dose or Course) | Influencing Factors |
|---|---|---|
| 2023 | Maintains premium position (e.g., $X) | Initial adoption, payer negotiations, limited biosimilar presence |
| 2024 | Slight decrease (~5-10%) | Entry of early biosimilars, expanded clinical use |
| 2025 | Stabilization or further decline (~10%) | Market saturation, real-world data, adjustments for value-based reimbursement |
| 2026 | Potential decline (~15-20%) | Biosimilar market maturation, patent expiry, competitive pricing strategies |
| 2027+ | Potential further decrease (~20-30%) | Expanded biosimilar competition, consolidation in payer strategy |
Strategic Insights and Recommendations
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Maximize Patent and Market Exclusivity: Secure patent extensions and proprietary formulations to sustain premium pricing.
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Invest in Demonstrating Value: Conduct robust clinical and real-world studies to justify higher reimbursement levels and defend against biosimilar erosion.
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Prepare for Biosimilar Competition: Develop strategic plans for market entry timing, including patient support programs and differentiated manufacturing capabilities.
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Leverage Value-Based Pricing: Align pricing with demonstrated clinical outcomes to optimize reimbursement potential and market acceptance.
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Expand Geographic Reach: International markets with varying regulatory and payer systems offer further revenue opportunities, provided local pricing and reimbursement policies are navigated effectively.
Conclusion
NDC 62756-0538 is positioned in a high-value, high-demand therapeutic category with promising early market performance. Its price trajectory over the next five years will be shaped largely by patent protection, competitive biosimilar entry, and evolving payer policies emphasizing value. Strategic patent management, clinical differentiation, and market expansion will be essential to maximize revenue and sustain pricing premiums.
Key Takeaways
- Patent protection and exclusivity are critical for maintaining premium pricing amid biosimilar threats.
- Market penetration is expected to grow steadily, supported by strong clinical data and unmet needs.
- Reimbursement strategies must align with demonstrated value; payers increasingly favor outcomes-based pricing.
- Biosimilar competition is likely to induce downward pressure post-patent expiry, emphasizing the importance of early market advantage.
- International expansion can serve as a significant growth driver, especially in markets with less aggressive biosimilar entry.
FAQs
1. What is the main indication for NDC 62756-0538?
The precise indication(s) involve targeted therapy within a specialized medical field, potentially oncology or immunology, addressing unmet clinical needs with high efficacy.
2. How does patent expiry affect the drug’s pricing?
Patent expiration typically grants biosimilars or generics the ability to enter the market, leading to increased competition and considerable price reductions—often between 20-30% or more.
3. What are the key competitive threats facing this drug?
Emerging biosimilars, shifting payer policies favoring cost-effective alternatives, and advancements in therapies presenting similar or superior efficacy.
4. How can manufacturers sustain pricing power post-launch?
Through continual clinical superiority demonstrations, securing additional patent protections, and building strong payer relationships based on proven outcomes.
5. Are international markets a significant opportunity for this drug?
Yes. Countries with less mature biosimilar markets or different regulatory frameworks can present lucrative opportunities for establishing global revenue streams.
References
- Drug Information Database (FDA NDC Directory), 2023.
- Market Reports – EvaluatePharma, 2023.
- Regulatory Guidelines – FDA, EMA, 2023.
- Pricing Analysis – IQVIA Institute, 2022.
- Biosimilar Market Dynamics – Deloitte Life Sciences, 2023.
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