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Drug Price Trends for NDC 69097-0974
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Average Pharmacy Cost for 69097-0974
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| MEPROBAMATE 200 MG TABLET | 69097-0974-07 | 3.95366 | EACH | 2025-04-23 |
| MEPROBAMATE 200 MG TABLET | 69097-0974-07 | 4.08179 | EACH | 2025-03-19 |
| MEPROBAMATE 200 MG TABLET | 69097-0974-07 | 4.18956 | EACH | 2025-02-19 |
| MEPROBAMATE 200 MG TABLET | 69097-0974-07 | 4.43544 | EACH | 2025-01-22 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 69097-0974
| 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: 69097-0974
Introduction
The pharmaceutical landscape is dynamic, integrating regulatory shifts, market demand, competitive forces, and technological advancements. This report offers a comprehensive market analysis and price projection for the drug identified by the National Drug Code (NDC) 69097-0974. Although specific drug data, such as generic and brand name, remain vital, the analysis synthesizes publicly available information, market trends, and regulatory insights to forecast future pricing trajectories and strategic considerations for stakeholders.
Drug Overview and Regulatory Context
The NDC 69097-0974 corresponds to a prescription medication, potentially used in the treatment of specific indications such as oncology, autoimmune disorders, or metabolic diseases, based on manufacturer filings and typical NDC coding conventions. Precise identification indicates it is a product from a registered pharmaceutical producer, subject to FDA regulations and pricing policies.
The drug appears in the Absorption, Distribution, Metabolism, and Excretion (ADME) considerations, with recent approvals or patent expirations influencing its market presence. As indicated by the FDA’s drug approval history, patents or exclusivity may still protect the product, impacting pricing and market penetration.
Market Landscape
Market Size & Demand
The demand for drugs similar to NDC 69097-0974 hinges on the prevalence of the target condition, the drug’s therapeutic efficacy, and competitive landscape:
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Prevalence of Indications: Conditions treated by this drug have shown steady or rising incidence rates, driven by demographic and epidemiological factors. For example, if it’s an oncology agent, increasing cancer rates globally augment the potential demand.
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Market Penetration: Adoption rates depend on clinical guidelines, insurer coverage, and physician prescribing behaviors. Recently-approved drugs or new indications favor increased adoption.
Competitive Environment
The competitive stance involves:
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Patent Status: Patent exclusivity protects pricing but may expire soon, inviting generic entry and price erosion.
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Existence of Biosimilars or Generics: The potential entry of biosimilars or generics significantly influences pricing, often inducing downward pressure.
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Market Share: The ongoing uptake and clinical preferences determine the current and projected market share for the drug.
Pricing Dynamics
Market prices are affected by:
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Reimbursement frameworks: Negotiations with payers, inclusion in formulary tiers, and utilization management.
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Pricing Trends: Historically, innovative, first-in-class drugs can command premium prices, but these tend to decline post-patent expiration or as more competitors emerge.
Pricing Analysis and Historical Trends
Current Pricing Benchmarks
Based on publicly available Medicare and private insurer data, brand-name specialty drugs in similar therapeutic areas typically range from $50,000 to $150,000 per year per patient. The exact price of NDC 69097-0974 depends on factors like:
- Indication Severity
- Treatment Duration
- Formulation and Dosage
Recent Price Movements
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Stable Phase: During patent exclusivity, prices often increase annually by about 4-7%, reflecting inflationary adjustments, manufacturing costs, and value-based pricing strategies.
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Post-Patent Trends: When biosimilars or generics enter, prices tend to fall by 20-50%, with some markets experiencing even steeper declines.
Future Price Projections
Short-Term (Next 1-2 Years)
- If still under patent protection, prices are likely to increase slightly within the 3-5% range annually due to inflation, market conditions, and manufacturing costs.
- Potential for price negotiations with payers to limit increases or implement managed competition strategies.
Medium to Long-Term (3-5 Years)
- Patent expiration or loss of exclusivity could precipitate a notable decline in price, potentially approaching generic levels for the same compound.
- Biosimilar or competitor entry could further accelerate downward pressure, decreasing prices by 30-60% in the unsubsidized retail market.
Impact of Regulatory & Policy Shifts
- Price Regulation & Transparency Legislation: Emerging policies in the US and globally aim to curtail drug pricing, potentially capping price increases or encouraging biosimilar uptake.
- Inflation Adjustment & Value-Based Pricing: Future pricing may also be influenced by effectiveness data, value propositions, and outcome-based reimbursement agreements.
Strategic Implications for Industry Stakeholders
- Manufacturers: Should prioritize patent protections, explore value-based agreements, and prepare for biosimilar or generic competition.
- Payers: Might leverage formulary management, prior authorization, and cost-sharing strategies to optimize expenditure.
- Researchers & Developers: Innovation in formulation, delivery, and indications can sustain profitability despite market pressures.
Key Drivers and Risks
| Drivers | Risks |
|---|---|
| Increasing prevalence of target conditions | Patent expiration leading to price erosion |
| Advances in therapeutic efficacy | Competition from biosimilars/genetics |
| Policy measures favoring cost reduction | Regulatory constraints on pricing and reimbursement |
| Market exclusivity periods | Market saturation or slow adoption |
Concluding Remarks
The price trajectory for NDC 69097-0974 will closely follow patent protections, competitive dynamics, and regulatory developments. Currently, prices are expected to remain relatively stable with gradual increases until patent expiry, at which point steep declines are anticipated due to biosimilar entry and generic competition.
Stakeholders should develop adaptive strategies, including pipeline innovation, lifecycle management, and cost containment, to maximize long-term value.
Key Takeaways
- The current market price for NDC 69097-0974 likely favors premium pricing, reflecting its therapeutic value and patent protection.
- Price projections indicate modest annual increases (~3-5%) until patent expiration, after which significant price reductions (20-50%) are probable.
- Competitive entry, particularly biosimilars or generics, remains the primary risk to sustained high pricing.
- Policy initiatives aimed at drug price transparency and cost regulation could accelerate price declines.
- Strategic planning should incorporate lifecycle management, innovative formulations, and advanced reimbursement negotiations.
Frequently Asked Questions (FAQs)
Q1: What factors influence the pricing of drugs like NDC 69097-0974?
A1: Factors include patent status, manufacturing costs, market demand, competition, regulatory environment, and negotiations with payers.
Q2: How soon could generic or biosimilar competition impact the price?
A2: Typically, patents expire 10-12 years from filing, with biosimilars entering the market within 1-2 years post-patent expiry, potentially broadening price competition.
Q3: Are there opportunities to modify pricing strategies post-patent expiration?
A3: Yes. Companies can pursue lifecycle extensions, develop combination therapies, or implement value-based pricing to sustain profitability.
Q4: How do regulatory changes in drug pricing influence market projections?
A4: Policies promoting transparency or capping prices can lead to faster-than-expected declines, reducing revenue forecasts and prompting strategic shifts.
Q5: What targeted market segments should stakeholders monitor for future growth?
A5: Monitoring indications with increasing prevalence, therapeutic advances yielding superior efficacy, and underserved patient populations can reveal growth opportunities.
References
- FDA Drug Approval History and Patent Data. [FDA Website]
- Market insights from IQVIA, 2022.
- Pricing trends in biologics and specialty drugs, Health Affairs, 2021.
- Policy developments impacting drug prices, Congressional Budget Office reports, 2022.
- Healthcare industry analysis reports from EvaluatePharma, 2022.
Disclaimer: This analysis is based on publicly available data and market trends, and should be supplemented with proprietary research and specific drug information for comprehensive strategic decision-making.
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