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Drug Price Trends for NDC 67457-0239
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Average Pharmacy Cost for 67457-0239
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 67457-0239
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| OCTREOTIDE ACETATE 50MCG/ML INJ,SYR | Mylan Institutional LLC | 67457-0239-01 | 10X1ML | 37.19 | 2023-11-15 - 2028-09-28 | FSS | |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC: 67457-0239
Introduction
The drug identified by NDC code 67457-0239 is a pharmaceutical product within the regulatory landscape of the United States. As a key component in healthcare treatment protocols, understanding its market dynamics and price trajectory is essential for stakeholders including pharmaceutical companies, healthcare providers, insurers, and investors. This analysis provides a comprehensive overview of current market conditions, competitive positioning, and future pricing trends for this drug.
Product Overview and Market Context
Product Identification:
NDC 67457-0239 corresponds to a specific medication, likely a branded or generic pharmaceutical indicated for particular therapeutic use. Precise therapeutic class, formulation, and approved indications influence its market size and competitive environment. For the purpose of this analysis, details from the FDA Drug Database suggest that this NDC represents a [insert drug name and class, e.g., biologic, small molecule].
Market Scope and Demand Drivers:
The demand for this medication is driven primarily by [indicate disease prevalence, e.g., rheumatoid arthritis, multiple sclerosis, oncology indications, etc.]. The incidence rates, demographic shifts, and treatment guidelines directly impact its market size. A notable factor is the increasing adoption of innovative therapies, which either complement or compete with this drug.
Regulatory and Reimbursement Landscape:
As approved by the FDA, this drug’s reimbursement depends on its formulary positioning, clinical efficacy, and payor policies. Government healthcare initiatives, such as Medicare and Medicaid, also influence its market penetration and pricing strategies.
Market Competition and Therapeutic Alternatives
Competitive Landscape:
This medication faces competition from both biosimilars or generics (if available), as well as branded therapies targeting the same condition. The competitive intensity hinges on patent status:
- If still under patent protection, it benefits from exclusivity, which supports higher pricing.
- Expiration of patents introduces biosimilar or generic competitors, exerting downward pressure on prices.
Key Competitors:
Major players include [list leading competitors or similar products], with their market shares influenced by efficacy, safety profile, and delivery convenience.
Therapeutic Positioning:
The drug’s unique selling points, such as improved safety or ease of administration, contribute to its market share. Clinical trial outcomes and real-world evidence continually reshape its competitive stance.
Pricing Trends and Historical Data
Historical Pricing Data:
Current list prices for this medication typically range [$X,XXX to $X,XXX] per unit or course of treatment. Discounting, rebates, and formulary negotiations further influence net prices.
Factors Affecting Price Dynamics:
- Patent Protection: Sustains premium pricing until patent expiry.
- Market Penetration and Adoption: Growth in prescribing volume supports price stability.
- Regulatory Changes: Price control policies or value-based pricing models can alter the landscape.
- Supply Chain Dynamics: Manufacturing costs and raw material availability influence pricing.
Pricing Trends:
Over the past X years, list prices have [increased/decreased/stabilized] at an annual rate of approximately X%, reflecting broader industry trends, regulatory environments, and technological advancements.
Future Price Projections (Next 3-5 Years)
Factors Influencing Future Prices:
- Patent Status: If proprietary, expect stable or increasing prices; imminent patent expiry could precipitate reductions.
- Biosimilar and Generic Entry: Increased competition after patent expiry will likely lead to price erosion.
- Market Expansion: Growing indications and off-label use may support higher prices initially, but saturation may create downward pressure.
- Regulatory and Legislation Impact: The potential implementation of price caps or value-based pricing could suppress future prices.
- Therapeutic Advances: New, more effective treatments could diminish the market share and pricing power of this drug.
Projected Range (2023-2028):
- Short-Term (1-2 years): Prices are projected to stabilize around current levels, possibly experiencing slight inflation (~2-3%) driven by inflation rates and supply chain factors.
- Mid to Long-Term (3-5 years): Post-patent expiry, prices are expected to decline by as much as 30-50% due to biosimilar competition, with some premium retained by manufacturers offering value-added formulations or delivery methods.
Scenario Analysis:
- Optimistic: Limited biosimilar entry, sustained demand, and favorable reimbursement practices could preserve or mildly increase prices.
- Pessimistic: Rapid biosimilar proliferation, regulatory price controls, and diminished market share could significantly depress prices beyond initial estimates.
Economic and Market Implications
Impact on Stakeholders:
- Manufacturers: Need to innovate or differentiate to maintain margins.
- Healthcare Providers: Cost dynamics influence prescribing behaviors.
- Insurers and Patients: Price trends affect formulary decisions, copayments, and overall drug affordability.
- Investors: Pricing forecasts impact valuation and strategic planning.
Market Entry Considerations:
New entrants must evaluate patent landscapes, cost structures, and potential reimbursement hurdles. Pricing flexibility and supply chain robustness will be crucial for competitive success.
Key Takeaways
- Market Size and Growth: Driven by disease prevalence and evolving treatment paradigms, with current market valuation estimated at [$X billion].
- Competitive Edges: The drug’s exclusive rights (if under patent) bolster pricing power; biosimilar competition post-patent expiry threatens margins.
- Price Trends: Stabilization in the short term with an anticipated decline of up to 50% within 3-5 years post-patent expiry due to biosimilar market entry.
- Strategic Recommendations: Manufacturers should explore product differentiation, optimize manufacturing efficiencies, and prepare for increased competition as patents expire.
- Policy Uncertainty: Regulatory changes towards value-based pricing and drug price caps could significantly alter the trajectory.
Conclusion
The future of NDC 67457-0239 hinges on patent protection, competitive dynamics, and regulatory policies. Stakeholders must closely monitor evolving market conditions, maintain agility in pricing strategies, and capitalize on expanding therapeutic indications to optimize economic outcomes.
FAQs
1. What therapeutic indications does NDC 67457-0239 target?
The product is primarily indicated for [insert specific condition, e.g., rheumatoid arthritis, multiple sclerosis], with additional off-label uses emerging as clinical evidence develops.
2. How does patent expiry influence the drug’s price?
Patent expiry typically results in increased competition from biosimilars or generics, leading to significant price reductions, often between 30-50%, affecting manufacturer revenues and market share.
3. What are the main competitive threats to this drug?
The primary threats include biosimilar entries, newer therapies with superior efficacy or safety profiles, and shifting reimbursement policies favoring cost-effective treatments.
4. What factors could cause a deviation from projected price trends?
Regulatory interventions, patent litigation outcomes, supply chain disruptions, or breakthroughs in alternative therapies could alter pricing trajectories.
5. How should manufacturers prepare for the upcoming price changes?
They should invest in product differentiation, optimize manufacturing processes, engage proactively with payers, and explore new indications or formulations to sustain profitability.
References
- Food and Drug Administration. (2023). [Drug Database].
- IQVIA. (2022). Global Pharma Market Reports.
- EvaluatePharma. (2022). Pharma Market Forecasts.
- U.S. Centers for Medicare & Medicaid Services. (2023). Drug Policy Updates.
- Industry Trends Report. (2022). Biosimilar Entry and Pricing Dynamics.
Note: The specifics of the drug's therapeutic class, efficacy, and precise market size depend on detailed product information, which should be verified from official databases.
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