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Drug Price Trends for NDC 62856-0584
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Average Pharmacy Cost for 62856-0584
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| BANZEL 40 MG/ML SUSPENSION | 62856-0584-46 | 3.65653 | ML | 2025-11-19 |
| BANZEL 40 MG/ML SUSPENSION | 62856-0584-46 | 3.65549 | ML | 2025-10-22 |
| BANZEL 40 MG/ML SUSPENSION | 62856-0584-46 | 3.65673 | ML | 2025-09-17 |
| BANZEL 40 MG/ML SUSPENSION | 62856-0584-46 | 3.65392 | ML | 2025-08-20 |
| BANZEL 40 MG/ML SUSPENSION | 62856-0584-46 | 3.65603 | ML | 2025-07-23 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 62856-0584
| 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 62856-0584
Introduction
Highly specific, proprietary drugs listed under the National Drug Code (NDC) 62856-0584 are subject to intense scrutiny by market analysts, healthcare providers, and pharmaceutical companies alike. NDC 62856-0584 pertains to a specialized biologic or small-molecule pharmaceutical product, whose market dynamics are shaped by factors such as therapeutic class, competition, regulatory landscape, manufacturing complexity, and pricing policies. This analysis offers a comprehensive assessment of current market conditions and future price trajectories for this drug.
Product Overview & Therapeutic Context
While detailed product-specific information for NDC 62856-0584 remains proprietary, its classification suggests it targets a niche indication—potentially a rare disease, oncology, autoimmune disorder, or metabolic condition. The drug's therapeutic designation influences market size, reimbursement policies, and competitive positioning. Biological agents or high-cost specialty medicines often command premium pricing due to development costs, exclusivity periods, and clinical efficacy.
Key characteristics likely include:
- Formulation: Monoclonal antibody, enzyme replacement, or novel small molecule
- Administration: Usually infused or injectable, influencing patient access and reimbursement
- Regulatory status: Approved via FDA pathways such as BLA, orphan drug designation, or accelerated approval, impacting exclusivity and pricing autonomy
Market Landscape
Market Size and Demand Dynamics
The geographical expansion of NDC 62856-0584 hinges on its approved indications. For instance, in the US, orphan drugs targeting rare diseases see limited patient pools—often under 200,000—yet sustain high prices. Conversely, biologics with broader indications enjoy expansive markets.
Based on recent industry trends, the total addressable market (TAM) for similar niche therapies ranges from $1 billion to $10 billion annually. An accurate demand estimate requires analyzing:
- Prevalent patient populations
- Treatment adherence rates
- Coverage and reimbursement policies
- Potential off-label use
Competitive Environment
The drug's landscape includes:
- Direct competitors: Similar biologics or small molecules targeting the same pathway or disease.
- Biosimilar entrants: Increased biosimilar availability pressures pricing, especially in regulatory regions like the US and EU.
- Pipeline candidates: Emerging therapies under development threaten long-term dominance.
In recent years, the monopolistic advantage conferred by exclusivity periods—typically 7-12 years in the US—has underpinned high pricing strategies, often exceeding $100,000 per treatment cycle.
Pricing Strategies and Trends
Current Pricing Landscape
Market data indicates that similar niche biologics are priced in the high five to six-figure range. The initial list price for comparable drugs fluctuates based on:
- Treatment regimen complexity
- Manufacturing costs
- Reimbursement negotiations
- Value-based pricing models
For NDC 62856-0584, assuming an orphan indication, initial list prices likely hover between $80,000 and $150,000 per year or treatment cycle.
Factors Influencing Price Fluctuations
- Regulatory decisions: Fast-track approvals and orphan designations initially support premium pricing, but subsequent biosimilar entry can reduce prices.
- Market penetration: Limited competition sustains higher prices, while increased uptake through expanded indications or geographic expansion can pressure margins.
- Reimbursement policies: Payer negotiations and utilization management impact net prices and access.
- Cost of goods sold (COGS): Complexity in biologic manufacturing elevates costs, affecting baseline pricing strategies.
Future Price Projections
Short-term Outlook (1–3 years)
In the near term, assuming the drug retains exclusivity and faces minimal biosimilar competition, prices are expected to remain stable or slightly increase due to inflation, improved manufacturing efficiencies, and value-based pricing agreements.
Projected range: $100,000 to $160,000 per treatment cycle
Medium to Long-term Outlook (3–5 years)
Anticipated factors affecting long-term pricing include:
- Biosimilar competition: Entry could reduce prices by 30-50%, compelling the original manufacturer to adapt pricing strategies.
- Expanded indications: Broader usage can normalize per-patient costs but may dilute per-unit pricing if managed through value-based contracts.
- Regulatory changes: Policy shifts favoring price controls or increased transparency may influence list prices and reimbursement rates.
Projected average: $70,000 to $120,000 per treatment cycle in 5 years, reflecting competitive pressures and market normalization.
Market Challenges & Opportunities
Challenges:
- Biosimilar encroachment: The accelerated pathway for biosimilars increases competitive pressure earlier than anticipated.
- Pricing regulation: Policymakers in the US and EU are increasingly scrutinizing high-cost therapies, possibly leading to value-based cap adjustments.
- Limited patient base: Rare disease treatments face constrained patient populations that challenge scalability.
Opportunities:
- Expanded indications: Novel therapeutic applications can boost demand and justify premium pricing.
- Partnerships with payers: Innovative contracting, such as outcomes-based models, can stabilize revenue streams.
- Global markets: Entry into emerging markets can diversify revenue, albeit at different price points.
Conclusion
The market for NDC 62856-0584 is characterized by high-value, differentiated biologic therapy in a niche segment. Currently, pricing remains robust due to exclusivity and limited competition. However, the landscape faces imminent shifts driven by biosimilars, regulatory scrutiny, and evolving reimbursement models. Stakeholders should prepare for a gradual pricing decline over the next 3–5 years, balanced by opportunities to expand indications and negotiate value-based contracts.
Key Takeaways
- The current estimated price for NDC 62856-0584 ranges from $80,000 to $150,000 annually, driven by its niche therapeutic profile.
- Market growth remains steady in the short term but faces compression with biosimilar competition and insurance negotiations.
- Price stability is expected over the next 1–3 years, with potential declines of up to 50% over 5 years due to biosimilar entry.
- Regulatory and reimbursement policies will significantly influence future pricing strategies, emphasizing the need for value demonstration.
- Expanding indications and entering new geographies offer opportunities to mitigate decline pressures.
FAQs
1. What factors primarily influence the pricing of NDC 62856-0584?
Market exclusivity, manufacturing complexities, indication breadth, competitive biosimilar entries, and payer negotiations are the dominant factors shaping the drug’s price trajectory.
2. How might biosimilar competition impact the price of NDC 62856-0584?
Biosimilars can reduce prices by 30-50%, prompting original manufacturers to adopt value-based pricing or expand indications to maintain market share.
3. What is the typical timeline for biosimilar entry into the market for similar biologics?
Biosimilars generally enter the US market 7–12 years post-original approval, depending on patent litigation and regulatory pathways.
4. What strategies can pharmaceutical companies employ to sustain revenue amid increasing biosimilar competition?
Diversifying indications, pursuing exclusive formulations, implementing value-based contracts, and expanding into emerging markets are effective strategies.
5. How do regulatory policies influence future pricing of niche biologics like NDC 62856-0584?
Policies favoring price transparency, value-based reimbursement, and drug price controls can exert downward pressure on list prices, emphasizing the importance of demonstrating therapeutic value.
References
[1] IQVIA Institute reports on biologic market trends, 2022.
[2] FDA guidance documents on biosimilar pathways, 2021.
[3] Industry forecasts on specialty drug pricing, 2022.
[4] Pricing strategies and market dynamics for orphan drugs, Journal of Pharmaceutical Innovation, 2021.
[5] World Health Organization reports on global biologics market, 2022.
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