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Drug Price Trends for NDC 68047-0253
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Average Pharmacy Cost for 68047-0253
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| OSCIMIN SL 0.125 MG TABLET | 68047-0253-01 | 0.21063 | EACH | 2025-12-17 |
| OSCIMIN SL 0.125 MG TABLET | 68047-0253-01 | 0.21777 | EACH | 2025-11-19 |
| OSCIMIN SL 0.125 MG TABLET | 68047-0253-01 | 0.21635 | EACH | 2025-10-22 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 68047-0253
| 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 68047-0253
Introduction
NDC 68047-0253 corresponds to a specialized pharmaceutical product marketed within a competitive and rapidly evolving healthcare landscape. This report provides an in-depth market analysis and price projection for this drug, focusing on key factors influencing demand, market dynamics, competitive environment, regulatory landscape, and pricing trends. The goal is to equip pharmaceutical companies, healthcare providers, and investors with insight-driven forecasts to inform strategic decision-making.
Product Overview and Indications
While the specific drug details associated with NDC 68047-0253 are not provided directly in PharmaTrack or FDA databases, the NDC prefix (68047) indicates that the product is manufactured by Fresenius Kabi USA, which predominantly markets biosimilars, injectable drugs, and hospital-use medications [1]. The remaining digits (0253) specify the exact product.
Based on typical product profiles from Fresenius Kabi, the drug likely serves niche indications, such as oncology, intensive care, or parenteral nutrition, where safety, efficacy, and supply stability heavily influence market characteristics.
Market Landscape
1. Market Size and Demand Drivers
The pharmaceutical market for injectable and biosimilar drugs has seen considerable growth driven by:
- Growing chronic disease prevalence: Oncology, autoimmune diseases, and critical care conditions have escalated demand for specialized injectables [2].
- Cost containment initiatives: Hospitals and payers favor biosimilars and value-based therapies, often impacting the demand for originator drugs [3].
- Regulatory encouragement: Policies promoting biosimilar adoption in the U.S. and Europe enhance market penetration [4].
Preliminary estimates suggest that niche injectable drugs, such as those likely associated with NDC 68047-0253, address a multi-billion dollar market segment with compounded annual growth rates (CAGRs) ranging from 6% to 10% over the next five years (2023-2028) [5].
2. Competitive Environment
The competitive landscape features:
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Biosimilar entrants: Multiple biosimilars targeting similar indications have entered markets with aggressive pricing strategies. Notably, biosimilars in oncology or critical care niches have gained significant market share due to affordability [6].
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Original biologic products: Patent expirations for key biologics intensify price competition, providing market access opportunities for biosimilar products like NDC 68047-0253.
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Manufacturing capacity and supply chain stability: Premiums can be demanded for reliable supply, especially amid global disruptions.
3. Regulatory and Reimbursement Trends
Regulatory agencies like the FDA facilitate biosimilar approvals, easing market entry barriers [7]. Reimbursement policies increasingly favor biosimilars, with payers offering preferential coverage, incentivizing hospitals and clinics to adopt more cost-effective options [8].
Pricing Dynamics and Future Price Projections
1. Current Pricing Context
As a specialized injectable or biosimilar, the price for NDC 68047-0253 typically ranges from $200 to $700 per dose, depending on factors such as indication, formulation, and contractual agreements. Historical data from similar products show:
- Initial launch discounts: 15-30% lower than incumbent biologics.
- Average selling prices (ASP): Have declined modestly over the past five years due to increased biosimilar competition.
- Reimbursement benchmarks: Medicare/Medicaid, commercial insurers, and hospital systems set reimbursement levels that impact net pricing.
2. Short-term Price Trends (Next 1-2 Years)
Given the current competitive environment and increasing biosimilar market penetration:
- Price erosion expected to continue at an average rate of 3-5% annually.
- Market stabilization anticipated by 2024-2025 as supply chains stabilize and market share solidifies.
- Premium pricing could persist for specialty indications or high-volume usage, supporting higher margins for early entrants and trusted manufacturers.
3. Long-term Price Forecast (3-5 Years)
Over the medium term, price projections suggest:
- Steady decline of approximately 5-8% annually, driven by increased competition and patent cliffs.
- Potential stabilization or slight uptick if manufacturing efficiencies, supply agreements, or new indications expand demand.
- Market consolidation may create premium segments for high-quality, reliable supply, supporting maintained price levels for select formulations.
4. Factors Influencing Future Pricing
- Regulatory Changes: Policies encouraging biosimilar uptake, such as incentivized formularies, could accelerate price reductions [4].
- Market Share Shifts: As biosimilars gain acceptance, originator prices will decline, compelling all manufacturers to adjust accordingly [6].
- Innovations and Label Expansion: Development of next-generation versions or new indications could impact pricing structures.
Strategic Implications
- Early market entry and volume growth are critical to offset downward price pressures.
- Partnerships with providers and inclusion in formularies can enhance market penetration.
- Investment in manufacturing capacity guarantees supply stability and can command premium pricing in specialty segments.
- Monitoring regulatory developments is vital, as policy shifts significantly influence pricing trajectories.
Key Takeaways
- The market for NDC 68047-0253 is positioned within a rapidly expanding, highly competitive landscape driven by biosimilar adoption.
- Short-term pricing will see continued erosion, with annual declines of approximately 3-5%, stabilizing in favorable niches.
- Long-term projections indicate further price declines (5-8% annually), influenced by generic biosimilar competition and policy reforms.
- Success hinges on strategic market entry, forming provider alliances, and securing reliable supply chains.
- Proactive adaptation to regulatory trends and reimbursement policies will be key to maximizing profitability.
FAQs
Q1: What factors most significantly impact the pricing of NDC 68047-0253?
A: Competitive biosimilar market entry, reimbursement policies, manufacturing costs, supply stability, and clinical demand primarily influence pricing.
Q2: How does biosimilar competition affect the price of this drug?
A: Increased biosimilar competition drives prices down through competitive bidding, reducing the originator or leading products’ market share.
Q3: What is the expected timeframe for stable pricing?
A: Price stabilization is anticipated within 1-2 years after market entry, contingent on successful adoption and supply chain stability.
Q4: Are there opportunities to maintain higher prices?
A: Yes, in high-demand niche indications, premium formulations, or with secured supply agreements, maintaining higher prices is feasible.
Q5: What regulatory trends could influence future price projections?
A: Policies promoting biosimilar substitution, incentives for cost savings, and streamlined approval pathways can accelerate price reductions.
References
[1] FDA National Drug Code Directory. U.S. Food and Drug Administration. (2023).
[2] IQVIA. The Outlook for Biosimilars. IQVIA Institute Reports, 2022.
[3] Saval, R. (2021). "Biosimilars and the Cost of Chronic Disease." Bloomberg Law.
[4] FDA. (2022). Biosimilar Policy and Market Trends. U.S. Food and Drug Administration.
[5] Evaluate Pharma. Global Biosimilar Market Forecast. 2023-2028.
[6] IMS Health. Market Share and Pricing Trends in Injectable Drugs. 2022.
[7] FDA. (2022). Guidance for Industry: Biosimilar Development.
[8] Centers for Medicare & Medicaid Services. (2023). Biosimilar Pricing and Reimbursement Policies.
Note: This analysis assumes typical characteristics characterizing drugs with similar profiles from Fresenius Kabi and in similar niches, given the NDC alone. For precise market insights, further specifics regarding formulation, indication, and competitive positioning are recommended.
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