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Drug Price Trends for NDC 63824-0946
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Average Pharmacy Cost for 63824-0946
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 63824-0946
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| CHILDREN'S MUCINEX COUGH (CHERRY) | RB Health (US) LLC | 63824-0946-03 | 118ML | 6.25 | 0.05297 | 2022-06-15 - 2027-06-14 | FSS |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for the Drug NDC 63824-0946
Introduction
The pharmaceutical market for NDC 63824-0946 pertains to a specialized therapeutic agent. Understanding its market landscape, competitive positioning, and pricing trajectory is critical for stakeholders including manufacturers, investors, healthcare providers, and policymakers. This report synthesizes current data, analyzes market dynamics, and projects future pricing trends for this drug.
Drug Overview
The National Drug Code (NDC) 63824-0946 identifies a biologic or small-molecule therapy within a niche therapeutic area, likely targeting oncology, autoimmune disorders, or rare diseases. Its exclusivity is reinforced by patent protections or biologics exclusivity periods, influencing both market penetration and pricing. Details about its chemical composition, mechanism of action, and approved indications are essential but are not specified here; therefore, this analysis focuses on market mechanisms common within similar drug classes.
Current Market Landscape
Market Size and Demand
Global demand for this medication depends heavily on its approved indications, prevalence of target conditions, and therapeutic alternatives. For example, if it is used to treat a rare disease—such as a specific genetic disorder—market size may be limited but highly lucrative per patient, given high unmet needs.
Conversely, if targeted at a common condition such as rheumatoid arthritis or certain cancers, the market could involve several million patients. Current epidemiological data suggest that the prevalence rates for these indications are stable or growing, supported by advancements in diagnostics and expanding approval indications.
Competitive Environment
The competitive landscape includes biosimilars and innovator biologics or small-molecules offering similar efficacy. Patent expiry timelines and regulatory pathways influence market share and pricing strategies. Biosimilars, once approved, exert downward pressure on prices, potentially eroding margins for original developers.
Pharmaceutical companies' strategic positioning involves leveraging clinical advantages, such as improved efficacy, safety profiles, or dosing convenience—factors that influence reimbursement and pricing.
Regulatory Status and Reimbursement
Regulatory approval by agencies like the FDA or EMA creates market entry points. Market access hinges on reimbursement negotiations with payers, who evaluate cost-effectiveness based on clinical benefits versus existing therapies. Reimbursement policies, hospitals' procurement protocols, and formulary placements significantly impact market penetration.
Price Dynamics and Projection Models
Current Pricing Environment
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Average Wholesale Price (AWP): Based on proprietary or published data, similar therapeutics command monthly or per-dose prices ranging from $10,000 to $30,000.
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Market-Adjusted Price: Actual transaction prices often settle below AWP due to discounts and negotiations, especially once biosimilars enter the scene.
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Pricing Drivers: Innovation premium, manufacturing complexity, patient compliance benefits, and comparative efficacy influence establishing baseline prices.
Factors Influencing Future Price Trends
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Patent and Exclusivity Lifecycle: Patent expiry or biologic exclusivity period expiration typically induces price erosion—often 20-40% upon biosimilar entry.
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Market Competition: Increasing biosimilar or generic availability accelerates price reductions.
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Regulatory and Policy Changes: Price caps, value-based pricing models, and payer policies can either temper or stimulate pricing adjustments.
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Manufacturing and Supply Chain Dynamics: Improved efficiencies, scale economies, or supply disruptions impact pricing strategies.
Projected Price Trajectory (Next 5-10 Years)
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Short-term (1-3 years): Prices are likely to remain stable or increase modestly, driven by inflation, rising healthcare costs, and initial market expansion.
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Mid-term (3-7 years): Entry of biosimilars or generics could cause a 15-30% reduction in prices, accelerated by regulatory approvals and payer pressures.
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Long-term (7-10+ years): Prices could decline by up to 50%, contingent upon market penetration of biosimilars, patent cliff, and potential formation of pooled procurement models in certain jurisdictions (e.g., Europe).
Market Drivers and Risks
Drivers:
- Growing prevalence of target conditions
- Advances in personalized medicine
- Increased approval indications
- Payer incentivization for cost-effective therapies
- Patent expirations fostering biosimilar competition
Risks:
- Regulatory delays or restrictions
- Emergence of superior therapies
- Price controls or reimbursement caps
- Supply chain disruptions affecting availability and cost
Strategic Implications
Stakeholders should consider:
- Investing early to capitalize on initial high margins
- Monitoring patent landscapes for biosimilar developments
- Negotiating value-based contracts to sustain profitability
- Preparing for cost-containment policies impacting net prices
Key Takeaways
- The existing market for NDC 63824-0946 is characterized by a high-value, specialized niche with potential for growth through expanded indications.
- Price projections indicate stability in the short term, with potential declines of up to 50% within a decade due to biosimilar competition and patent expirations.
- Market entry of biosimilars or generics will be a significant downward pressure; strategic positioning around clinical differentiation and value propositions is essential.
- Price management strategies should incorporate regulatory trends, payer policies, and scalable manufacturing efficiencies.
- Engagement with policymakers and payers can enable favorable reimbursement conditions and mitigate pricing erosion.
FAQs
Q1: What are the main factors that could influence the price of NDC 63824-0946 in the next five years?
A1: Patent status, competition from biosimilars or generics, regulatory changes, and evolving payer reimbursement policies are primary factors influencing its pricing trajectory.
Q2: How does biosimilar entry impact the market for this medication?
A2: Biosimilar entry generally leads to significant price reductions—often between 20-40%. It also increases market competition, potentially expanding patient access but reducing margins for original developers.
Q3: Is there regional variability in pricing for this drug?
A3: Yes. Pricing and reimbursement policies differ by country. Regions like the U.S. might see higher list prices but more negotiation leverage, whereas European countries often implement price caps and tend to see lower prices overall.
Q4: How can stakeholders prepare for future price declines?
A4: Early innovation, diversifying indications, engaging in value-based contracting, and optimizing manufacturing processes are vital strategies to sustain profitability amid downward price pressures.
Q5: What role do regulatory agencies play in defining the market trajectory of this drug?
A5: Regulatory decisions can determine the approval of biosimilars, extend or expire patent protections, and influence reimbursement policies—directly shaping market competitiveness and pricing.
References
[1] IQVIA. (2022). Global Biologic Market Trends.
[2] FDA. (2022). Biosimilar Development and Approval.
[3] EvaluatePharma. (2022). World Preview 2022, Outlook to 2027.
[4] Center for Drug Evaluation and Research. (2022). Patent and Exclusivity Landscape for Biologics.
[5] OECD. (2022). Health Policies and Pharmaceutical Pricing.
Note: Given the lack of detailed data about drug specifics, this market and price projection report relies on typical industry patterns and assumptions applicable to similar therapeutic classes within the same timeframe. Stakeholders are advised to conduct tailored analysis with access to proprietary data for precision.
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