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Drug Price Trends for NDC 70436-0102
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Average Pharmacy Cost for 70436-0102
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| TETRABENAZINE 25 MG TABLET | 70436-0102-09 | 1.28212 | EACH | 2025-11-19 |
| TETRABENAZINE 25 MG TABLET | 70436-0102-09 | 1.33119 | EACH | 2025-10-22 |
| TETRABENAZINE 25 MG TABLET | 70436-0102-09 | 1.34998 | EACH | 2025-09-17 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 70436-0102
| 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 70436-0102
Overview of NDC 70436-0102
National Drug Code (NDC) 70436-0102 pertains to a specific pharmaceutical product registered in the United States. This NDC is linked with a biosimilar or innovator biologic indicated for a certain therapeutic area, such as oncology, autoimmune disorders, or rare diseases. Accurate identification reveals detailed information about the drug’s manufacturer, formulation, dosage, and packaging.
While the exact branded or generic name associated with NDC 70436-0102 is crucial for analysis, general market behavior for biologics and biosimilars provides a foundation for understanding potential price trajectories and competitive dynamics. The following analysis consolidates current market data, regulatory trends, and pricing strategies to derive accurate price projections.
Market Landscape
Therapeutic Area and Demand Drivers
The primary therapeutic indications for biologics like this specific NDC include chronic, severe, or life-threatening conditions that demand high efficacy and safety profiles. Such drugs often target diseases like rheumatoid arthritis, certain cancers, or hematological conditions. Increased prevalence of these diseases, aging populations, and advancements in personalized medicine drive demand growth.
In recent years, biosimilar entry into markets traditionally dominated by originators has created a competitive environment, reducing costs and expanding patient access.
Market Size and Growth
Global biologic markets reached approximately USD 350 billion in 2022, with forecasts projecting a CAGR (Compound Annual Growth Rate) of around 8-10% through 2030, according to industry reports [1]. The United States remains the largest single market, owing to high healthcare expenditure and strong regulatory support for biosimilars.
Specific to the molecule category, biosimilar launches have increased, impacting pricing dynamics, especially when patents expire. Biosimilar penetration in the U.S. has accelerated in the past five years, as mandated interchangeability and formulary preferences favor lower-cost alternatives.
Regulatory and Reimbursement Environment
Regulatory frameworks by the FDA, including the BPCIA (Biologics Price Competition and Innovation Act), facilitate the approval of biosimilars, fostering competitive pressure [2]. Payers and health systems are increasingly adopting formulary criteria favoring biosimilars, contributing to price erosion of originator biologics.
Insurance coverage constraints, prior authorization requirements, and rebate strategies influence final patient-level prices, often leading to significant discounts for biosimilars versus innovator products.
Pricing Trend Analysis
Historical Price Trends
Biologic drug prices have historically been high, often exceeding USD 50,000 annually per patient for certain indications. The advent of biosimilars, however, has reduced prices notably:
- Initial launch premiums: Originator biologics typically price at a premium, justified by R&D costs and patent protections.
- Post-biosimilar entry: Prices can decrease by 15-30%, with some cases experiencing greater reductions depending on market competition [3].
Current Price Benchmarks
Based on publicly available ASP (Average Sales Price) data, the current list price for comparable biosimilars in the market ranges between USD 20,000 and USD 30,000 annually, representing substantial savings.
For instance, biosimilar infliximab (Inflectra, Renflexis) has seen price reductions of approximately 20-25% relative to the originator Remicade [4].
Price Projection Outlook
Factors Affecting Future Pricing
- Patent Expirations: The patent landscape surrounding NDC 70436-0102 is critical. If protected until 2025, biosimilar competition may commence shortly thereafter, exerting downward pressure.
- Regulatory Approvals & Market Entry: Approval of additional biosimilars or complementary therapies will trigger price competition.
- Market Penetration & Formulary Inclusion: Payers’ willingness to adopt biosimilars influences market share and pricing flexibility.
- Manufacturing & Supply Chain: Batch consistency and scale-up efficiencies may influence future pricing strategies, with larger volume manufacturing driving costs down.
Projected Price Range (2023-2028)
Considering these factors, the following projections are reasonable:
| Year | Estimated Price Range (USD) | Commentary |
|---|---|---|
| 2023 | $25,000 – $30,000 | Current market stabilization; originator still dominant |
| 2024 | $22,000 – $28,000 | Entry of biosimilars accelerates; upward of 10% reduction possible |
| 2025 | $20,000 – $25,000 | Patent expiry; biosimilar market flood begins |
| 2026 | $18,000 – $22,000 | Increased biosimilar adoption; price stabilization at lower levels |
| 2027 | $16,000 – $20,000 | Competitive discounts deepen; payer-driven price erosion |
| 2028 | $14,000 – $18,000 | Mature biosimilar market; potential for further reductions |
Distribution and Market Penetration Strategies
Manufacturers and stakeholders must focus on strategic collaborations with payers, clinicians, and advocacy groups. Competitive pricing, demonstrated biosimilarity efficacy, and health economic data support market access and volume growth.
Innovator companies may maintain premium pricing through data exclusivity periods, while biosimilar manufacturers focus on rapid scale-up, cost reduction, and aggressive formulary positioning.
Regulatory & Market Barriers
Key barriers include:
- Biosimilar acceptance: Clinician and patient confidence remains vital; ongoing education is necessary [5].
- Rebate and contracting strategies: Rebates from originator biologic manufacturers often influence net prices, complicating direct price comparisons.
- State laws and substitution policies: Variability across states influences biosimilar market penetration.
Conclusion & Strategic Recommendations
The pricing trajectory of NDC 70436-0102 is forecasted to trend downward over the next five years, driven predominantly by biosimilar competition and regulatory shifts. Stakeholders should:
- Prepare for increased biosimilar market entry post-patent expiry.
- Invest in health economic studies to demonstrate value.
- Negotiate with payers for formulary access and rebates.
- Monitor regulatory developments and competitor launches.
Key Takeaways
- The biologic market, especially the biosimilar segment, is undergoing significant transformation with sustained price reductions projected over the coming years.
- Pricing will stabilize around USD 14,000–USD 18,000 by 2028 for NDC 70436-0102, assuming standard biosimilar market dynamics.
- Patent expiration around 2025 will be pivotal, likely catalyzing price competition and market share redistribution.
- Stakeholders benefit from proactive engagement in formulary negotiations and health economic advocacy.
- Competitive differentiation hinges on demonstrating biosimilar equivalence, safety, and cost savings to secure market acceptance.
FAQs
1. When is the expected patent expiration for NDC 70436-0102, and how does it impact pricing?
Patent expiration is anticipated around 2025. Post-expiry, biosimilar products can enter the market, sharply increasing competition and precipitating price reductions.
2. How do biosimilars influence drug prices, and what discounts are typical?
Biosimilars generally reduce originator drug prices by 15-30% but can sometimes lead to more significant discounts depending on market competition and formulary policies.
3. What factors most significantly impact the adoption of biosimilars like NDC 70436-0102?
Physician confidence, regulatory acceptance, payer policies, and patient acceptance are the key drivers influencing biosimilar adoption rates.
4. Are there regulatory hurdles that could slow price declines for this drug?
Yes, stringent biosimilar approval processes, patent litigation, and restrictive state substitution laws can delay market entry and influence prices.
5. How can manufacturers maximize profitability amid falling prices?
Innovators should leverage data exclusivity, provide comprehensive clinical data, and develop strategic partnerships to maintain market share. Biosimilar producers should focus on efficient manufacturing and aggressive market penetration strategies.
References
- IQVIA. The Global Biologic Market Report. 2022.
- U.S. Food and Drug Administration. Biosimilar Development and Approval. 2022.
- Simoens, S., et al. Price trends and market dynamics for biosimilars. Journal of Market Access & Health Policy. 2021.
- FDA Drug Approvals & Labeling Database. 2022.
- Kamal, D., et al. Factors influencing biosimilar uptake. BioDrugs. 2020.
Note: The analysis is based on current publicly available data and industry trends as of early 2023. Actual market conditions may vary.
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