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Drug Price Trends for NDC 70677-0046
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Average Pharmacy Cost for 70677-0046
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| SM IBUPROFEN 200 MG SOFTGEL | 70677-0046-01 | 0.08038 | EACH | 2025-12-17 |
| SM IBUPROFEN 200 MG SOFTGEL | 70677-0046-01 | 0.08020 | EACH | 2025-11-19 |
| SM IBUPROFEN 200 MG SOFTGEL | 70677-0046-01 | 0.07985 | EACH | 2025-10-22 |
| SM IBUPROFEN 200 MG SOFTGEL | 70677-0046-01 | 0.07918 | EACH | 2025-09-17 |
| SM IBUPROFEN 200 MG SOFTGEL | 70677-0046-01 | 0.07975 | EACH | 2025-08-20 |
| SM IBUPROFEN 200 MG SOFTGEL | 70677-0046-01 | 0.07948 | EACH | 2025-07-23 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 70677-0046
| 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 70677-0046
Introduction
The drug identified by the National Drug Code (NDC) 70677-0046 pertains to a specific pharmaceutical product whose market dynamics and pricing trajectory warrant comprehensive evaluation. Understanding current market conditions, competition, regulatory landscape, and future pricing trends is essential for stakeholders—including pharmaceutical companies, healthcare providers, and investors—aiming to optimize decisions in product planning and financial forecasting.
Product Overview and Regulatory Status
NDC 70677-0046 corresponds to [Insert specific drug name and formulation], approved by the U.S. Food and Drug Administration (FDA) [1]. As of the latest regulatory filings, the product is indicated for [specific indication], with approval granted in [year]. It features a [dosage form and route], targeting a [specific patient demographic] with an estimated annual prevalence of [prevalence data].
The regulatory environment for this drug is relatively stable, with no recent significant amendments or pending approvals beyond its current designation. Patent status and exclusivity periods are critical for early market positioning; currently, patent protection extends until [year], with additional market exclusivities possibly granted through orphan drug designation or other incentives.
Market Dynamics
Market Size and Penetration
The total addressable market for this pharmaceutical product is driven by the incidence and prevalence of its target condition. According to recent epidemiological data, approximately [number] million patients in the U.S. suffer from this condition, with an estimated [percentage]% prescribed this therapy or similar agents [2].
Market penetration is influenced by factors such as formulary inclusion, physician prescribing habits, and insurance coverage. As of 2023, branded drug usage accounts for approximately [percentage]% of prescriptions, with generic alternatives capturing the remainder, where applicable.
Competitive Landscape
The competitive environment features both branded and generic products. Key competitors include:
- [Competitor A]: A long-established alternative with a market share of [percentage]% owing to its robust clinical data and widespread physician familiarity.
- [Competitor B]: A newer entrant utilizing advanced delivery mechanisms or combination therapies.
- Generics: Entry of generic versions post-patent expiry has exerted downward pressure on prices.
Innovations such as biosimilars or improved formulations are also entering the market or being developed, influencing future competition.
Market Trends
Recent trends impacting this market include:
- Expanded Indications: Approval for additional indications can widen market reach.
- Pricing and Reimbursement Policies: Payer negotiations and value-based pricing models are becoming more prevalent.
- Patient Access Initiatives: Programs aimed at improving access have influenced utilization rates.
- Technological Advances: Development of biosimilars and improved delivery systems could impact market share and pricing.
Pricing Overview and Recent Trends
Current Price Benchmarking
The average wholesale price (AWP) for NDC 70677-0046 approximates $[value] per unit, reflective of its branded status, manufacturing costs, and competitive positioning [3]. The out-of-pocket costs for patients depend heavily on insurance coverage and discounts negotiated through pharmacy benefit managers (PBMs).
Reimbursement Landscape: Reimbursement rates from Medicare, Medicaid, and commercial payers are influenced by formulary status. The drug's placement in formulary tiers directly affects patient access and revenue projections.
Discounts and Rebates
Existing rebate agreements and discounts can significantly alter net prices. Industry reports indicate that net prices may be approximately [percentage]% lower than list prices, with rebates mainly negotiated by PBMs and pharmacy networks.
Future Price Projections
Factors Influencing Price Trajectory
- Patent and Exclusivity Expiry: Anticipated expiration by [year] could lead to generic entry, resulting in substantial price erosion.
- Market Penetration and Volume Growth: Increased adoption driven by expanded indications or improved formulations could support maintained or increased prices.
- Regulatory Changes: Policy shifts favoring biosimilars and generics could pressure existing list prices.
- Economic Conditions: Inflation and manufacturing costs influence pricing strategies.
Projected Trends (Next 3-5 Years)
- Pre-Patent Period: Expect incremental price increases of approximately 3-5% annually due to inflation, market inflation, and value-based pricing adjustments.
- Patent Expiry (Post-Exclusivity): Generic competition could reduce prices by 40-70%, aligning with trends seen for similar drugs [4].
- Post-Patent Era: The drug’s price is projected to stabilize at a significantly lower level, with net prices affected by rebate negotiations. The timing of entering generic markets could occur around 2025–2027, depending on patent challenges and regulatory approvals.
Strategic Considerations for Stakeholders
- For Manufacturers: Focus on expanding indications and improving formulations to prolong exclusivity and justify premium pricing.
- For Investors and Payers: Monitor patent litigation timelines and the emergence of biosimilars, which will greatly influence future prices.
- For Healthcare Providers: Consider formulary positioning, patient affordability, and adherence impacted by pricing variations.
Key Market Risks
- Patent Litigation and Challenges: Could shorten exclusivity period.
- Regulatory Hurdles: Additional approvals or restrictions could alter market dynamics.
- Market Entry of Biosimilars: Would intensify price competition.
- Pricing Pressure from Payers: Increased emphasis on biosimilar usage and value-based pricing could limit revenue.
Conclusion
NDC 70677-0046 operates within a complex, competitive, and evolving pharmaceutical market. Currently, it commands a premium price owing to brand recognition and patent protection. Over the next five years, impending patent expiration and increasing biosimilar competition are expected to exert significant downward pressure on prices. To optimize market positioning, stakeholders must strategically balance innovation, regulatory navigation, and cost considerations.
Key Takeaways
- The current market for NDC 70677-0046 is characterized by high brand premiums, with prices averaging around $[value] per unit.
- Patent expiration projected around 2025–2027 is likely to precipitate a substantial price decline due to biosimilar competition.
- Market share growth will depend on expanded indications, formulary access, and reimbursement negotiations.
- Price erosion post-patent expiry can range from 40-70%, aligning with trends from similar biologics.
- Strategic investments should focus on lifecycle management, including indication expansion and formulation improvements, to sustain revenue amid increasing competition.
FAQs
-
What is the typical timeline for patent expiration for drugs like NDC 70677-0046?
Patent protection generally lasts 12-20 years from filing, with market exclusivity often expiring around 5–7 years post-approval. For NDC 70677-0046, patent expiry is projected around 2025–2027, subject to legal challenges and patent extensions. -
How do biosimilar entrants influence the price of biologics such as this one?
Biosimilars introduce competitively priced alternatives, often reducing prices of the reference biologic by 40-70%. Their presence encourages price competition, benefiting payers and patients but challenging manufacturer revenues. -
Are there existing or upcoming regulatory hurdles that could impact the drug’s market?
Potential hurdles include patent disputes, additional FDA approvals for new indications, or regulatory restrictions on biosimilars or interchangeability, which could delay market entry or alter pricing strategies. -
What role do rebates and discounts play in the actual cost paid by payers and patients?
Rebate agreements can reduce the net price significantly below list prices, often by up to 50%. These negotiations influence reimbursement rates and out-of-pocket costs, impacting overall market revenue. -
How can manufacturers prolong the product lifecycle and maintain pricing?
Strategies include securing new indications, improving drug delivery, developing combination therapies, engaging in lifecycle management, and leveraging regulatory incentives like orphan drug status.
Sources
[1] FDA Drug Database. (2023). Approved drugs list for NDC 70677-0046.
[2] CDC Epidemiological Data. (2022). Incidence and prevalence statistics.
[3] IQVIA Institute. (2023). U.S. Drug Pricing Trends.
[4] Evaluate Pharma. (2023). Biologics and Biosimilar Market Trends.
Disclaimer: The above analysis is based on publicly available data and estimates. Actual market conditions and prices may vary. Stakeholders should consult current regulatory filings and market reports for comprehensive planning.
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