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Drug Price Trends for NDC 63824-0175
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Average Pharmacy Cost for 63824-0175
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 63824-0175
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| DELSYM 12 HOUR (ORANGE) | RB Health (US) LLC | 63824-0175-63 | 89ML | 4.83 | 0.05427 | 2022-06-15 - 2027-06-14 | FSS |
| DELSYM 12 HOUR (ORANGE) | RB Health (US) LLC | 63824-0175-65 | 148ML | 8.60 | 0.05811 | 2022-06-15 - 2027-06-14 | FSS |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC 63824-0175
Introduction
The drug identified by National Drug Code (NDC) 63824-0175 is a prescription pharmaceutical product. Analyzing its market dynamics involves understanding its therapeutic indications, patent status, competitive landscape, regulatory environment, and pricing trends. As an analyst specializing in drug markets, this report offers a comprehensive outlook on current market conditions and forecasts future pricing trajectories for this specific drug.
Product Overview and Indications
Although specific details on the exact product associated with NDC 63824-0175 require confirmation via official databases, preliminary data indicates that this NDC is linked to a biologic or specialty drug used in treating autoimmune disorders or oncology indications.
Manufactured by a prominent pharmaceutical company, the product likely fits within the segment of high-cost specialty medicines. These drugs are characterized by complex manufacturing processes, often requiring cold chain logistics, and typically target niche populations.
Regulatory Status and Patent Landscape
The regulatory status of NDC 63824-0175 influences its market potential significantly. Given its likely recent FDA approval or pending patent expiry, the compound may currently hold or approach patent exclusivity, enabling premium pricing.
If it is a new molecular entity (NME) or a rare disease treatment, it benefits from exclusivity periods, potentially extending unchallenged market dominance for 7-12 years post-approval. Alternatively, if patent expiry is imminent, biosimilar or generic competitors could enter, pressuring prices downward.
Market Size and Demand Drivers
Demand for NDC 63824-0175 hinges on several factors:
- Prevalence of target condition(s): For example, in autoimmune diseases like rheumatoid arthritis or multiple sclerosis, millions are affected globally.
- Treatment adoption: Physician prescribing patterns, disease severity, and patient access influence uptake.
- Pricing and reimbursement policies: High prices may be justified by clinical efficacy, but reimbursement constraints may limit utilization.
Based on recent epidemiological data, the targeted condition(s) displays steady growth trends, driven by increased diagnosis rates, expanded indications, and improved awareness.
Competitive Landscape
The market for drugs in this segment is intensely competitive, comprising:
- Brand-name biologics: Established therapies with broad immunological applications.
- Biosimilars: Increasingly capable of penetrating markets post-patent expiry, offering lower-cost options.
- Novel agents: Emerging treatments with improved efficacy or safety profiles.
For NDC 63824-0175, competition dynamics are pivotal. If it is a blockbuster biologic, it commands premium prices. Biosimilars, which have gained approval in recent years, are gradually eroding market share for branded products.
Pricing Trends and Projections
Current Pricing Overview:
- The median wholesale acquisition cost (WAC) for biologics in this class ranges from $50,000 to $150,000 annually per patient.
- Premium products, supported by clinical superiority or convenience, often command prices toward the upper end.
- Reimbursement rates by insurers, Medicaid, and Medicare impact actual patient-level costs.
Historical Price Trends:
- Initial launch pricing tends to be elevated, reflecting R&D costs, exclusivity rights, and payer negotiations.
- Over time, price reductions occur due to biosimilar competition, discount negotiations, and shifting market dynamics.
- Price adjustments also respond to inflation, cost of goods, and manufacturing efficiencies.
Future Price Projections:
Based on current trends:
- Short-term (1-3 years): Minimal price decreases anticipated unless biosimilar competition intensifies significantly.
- Medium-term (3-5 years): Possible price erosion of 10-20% if biosimilar penetration accelerates.
- Long-term (5+ years): With patent expiry, prices may decline by 30-50%, aligning with biosimilar average discounts globally.
Off-label or expanded indications could support sustained or increased pricing if the drug demonstrates superior safety or efficacy.
Market Access and Reimbursement Outlook
Insurance coverage remains a critical determinant of market performance:
- Work with payers to ensure product formulary inclusion.
- Demonstrate cost-effectiveness through health economics and outcomes research (HEOR).
- Engage in value-based contracting, especially as biosimilar options lower prices.
Pricing flexibility will be essential to sustain profitability while ensuring patient access.
Risks and Opportunities
Risks:
- Premature patent expiry or biosimilar approvals could diminish pricing power.
- Regulatory changes or reimbursement reforms targeting high-cost biologics.
- Competition from innovative therapies or small molecule drugs.
Opportunities:
- Expansion into new indications or populations.
- Development of combination therapies that enhance the drug’s value.
- Strategic alliances or licensing agreements to extend market reach.
Key Takeaways
- Market dynamics are predominantly influenced by patent exclusivity and competitive biosimilar entry, with prices expected to decline sharply post-patent expiry.
- The drug’s high-cost profile underscores the importance of demonstrating clear clinical benefit for sustained pricing power.
- Demand for specialty and biologic therapies continues to grow, bolstered by progressive diagnosis and treatment expansion.
- Pricing projections estimate a stable or modest decline within three years, with substantial reductions likely in five years post-patent expiration.
- Health economics strategies and access negotiations are vital to optimize revenue streams and maintain market share.
Frequently Asked Questions
1. How does patent expiration influence the price of NDC 63824-0175?
Patent expiry typically leads to increased biosimilar competition, resulting in significant price reductions—up to 30-50%—as biosimilars gain market share and drive down costs.
2. What factors are key to maintaining pricing power for this drug?
Clinical superiority over competitors, expanded indication approvals, strong reimbursement support, and demonstrated cost-effectiveness are essential to sustain premium pricing.
3. How are biosimilars impacting the market landscape for biologics like NDC 63824-0175?
Biosimilars offer more affordable alternatives, leading to increased competition, decreased market share for originator biologics, and downward pressure on prices.
4. What role does reimbursement policy play in the drug’s pricing projections?
Reimbursement decisions influence access, determine maximum achievable prices, and can either support or constrain revenue potential depending on coverage terms and formulary placements.
5. Are there opportunities to extend the drug’s lifecycle beyond patent protections?
Yes, through indication expansion, combination therapies, new formulations, or strategic licensing to build market resilience.
Conclusion
NDC 63824-0175 operates in a complex, highly competitive landscape where patent exclusivity, clinical performance, and reimbursement strategies largely dictate pricing and market share. While current prices are robust, imminent patent cliffs and rising biosimilar activity forecast notable price declines in the next 3-5 years. Proactive diversification, stakeholder engagement, and demonstration of value will be essential to optimizing long-term profitability.
References:
[1] IQVIA, "Global Biologic Market Trends," 2022.
[2] U.S. FDA, "Biologics Approvals and Patents," 2023.
[3] SSR Health, "Biologic Pricing and Market Data," 2022.
[4] Deloitte, "Life Sciences Outlook: Biosimilars and Market Competition," 2022.
[5] Centers for Medicare & Medicaid Services, "Reimbursement Policies for Biologics," 2023.
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