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Drug Price Trends for NDC 70677-1186
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Average Pharmacy Cost for 70677-1186
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| FT ADULT TUSSIN 200 MG/10 ML | 70677-1186-01 | 0.02221 | ML | 2025-12-17 |
| FT ADULT TUSSIN 200 MG/10 ML | 70677-1186-02 | 0.01858 | ML | 2025-12-17 |
| FT ADULT TUSSIN 200 MG/10 ML | 70677-1186-01 | 0.02148 | ML | 2025-11-19 |
| FT ADULT TUSSIN 200 MG/10 ML | 70677-1186-02 | 0.01881 | ML | 2025-11-19 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 70677-1186
| 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 70677-1186
Introduction
The pharmaceutical landscape constantly evolves, with proprietary, generic, and biosimilar drugs competing across various therapeutic categories. The National Drug Code (NDC) 70677-1186 is a specific identifier linked to a drug product under the regulatory oversight of the U.S. Food and Drug Administration (FDA). Precise insight into its market dynamics and future pricing trends enables stakeholders—including manufacturers, payers, healthcare providers, and investors—to make strategic decisions. This analysis synthesizes current market conditions, segmentations, competitive environment, regulatory influences, and projected pricing trajectories from 2023 onwards.
Product Overview and Regulatory Status
The NDC 70677-1186 corresponds to [Insert precise drug name, formulation, and strength if available]. As indicated in the FDA’s database, it falls under the therapeutic class of [Pharmacological Class], targeting [Indication]. It is marketed under [Brand/Generic] and is predominantly prescribed for [Specific patient populations or treatment protocols].
The drug has secured [FDA approval date or indication status], with ongoing patent protections or exclusivities influencing initial pricing and market entry strategies. The extent of patent life and exclusivity periods critically affect market competition and the timeline for potential generic or biosimilar entrants.
Market Dynamics
Current Market Size
The current market valuation for NDC 70677-1186 is estimated at approximately $X million in the U.S., with projected compound annual growth rates (CAGR) of Y% over the next five years. Market penetration is driven by [indications’ prevalence, drug efficacy, safety profile, insurance reimbursement policies].
The key drivers influencing market size include:
- Prevalence of target conditions: Increasing incidence of [diseases] bolsters demand.
- Prescriber adoption: Clinical guidelines and physician familiarity impact prescribing rates.
- Insurance reimbursement: Coverage policies favoring or restricting utilization shape access.
- Pricing and reimbursement environment: Contract negotiations and formulary placements heavily influence sales volume.
Competitive Landscape
The market comprises:
- Brand-name products under patent exclusivity;
- Generic equivalents entering post patent expiry;
- Biosimilars if the original product is biologic-derived;
- Alternative therapies and combination products.
The pace of generic entry typically suppresses price points and compresses margins. Currently, [number] generics are approved or imminent, increasing competitive pressure.
Market Entry Barriers
Key barriers include:
- Regulatory hurdles: Stringent FDA requirements for approval.
- Manufacturing complexity: Technology or complexity of the chemical/biologic structure.
- Intellectual property: Patent protections delay generic competition.
- Distribution channels: Established relationships with payers and providers.
Pricing Analysis
Current Pricing Landscape
As of Q1 2023, the average wholesale acquisition cost (AWAC) for NDC 70677-1186 is approximately $X per unit/strength/dose, with retail pharmacy prices ranging from $A to $B depending on supply chain markups. The drug's outpatient and hospital inpatient prices are influenced by reimbursement policies, with Medicare and private insurers negotiating discounts typically reducing the net price.
Market-Driven Price Trends
The initial post-launch period generally witnesses higher prices, particularly if the drug demonstrates significant therapeutic advantages or is placed in niche indications. However, patent expiration or increased competition prompts considerable price erosion.
- Generic competition[2] has historically reduced prices by Y% within the first 2-3 years of market entry.
- The entry of biosimilars can reduce biologic-originator prices by Z% over 4-5 years.
Price erosion projections suggest a decline of approximately Y%-Z% annually over the next five years, with the potential for stabilization if the drug maintains a unique market position or receives new patent protections or line extensions.
Forecasting Future Prices (2023-2028)
Based on current market conditions, competitive landscape, and historical trends, the following projections are made:
| Year | Estimated Price Range (per unit) | Factors Influencing Price |
|---|---|---|
| 2023 | $X - $Y | Patent protection, high demand |
| 2024 | $X - $Y (decreasing by 10-15%) | Entry of generics, pricing pressure |
| 2025 | $X - $Y (decreasing by 15-20%) | Expanded generic market |
| 2026 | $X - $Y (decreasing by 20-25%) | Biosimilar competition increasing |
| 2027 | $X - $Y | Market stabilization, patent expiry |
Oscillations within these ranges are subject to:
- Regulatory changes affecting patent laws;
- Market acceptance or rejection of biosimilars/generics;
- Pricing negotiations with payers;
- Emergence of new indications or combination strategies.
Regulatory and Policy Impacts
Government policies heavily influence pricing and market access. Notably:
- Medicare and Medicaid policies: Requiring price transparency and negotiation.
- Max allowable price caps: Emerging state and federal initiatives.
- Innovation incentives: Tax credits, grants, and exclusivity extensions encourage R&D investments but can sustain higher prices artificially.
Substantial reforms toward value-based healthcare models may further pressure manufacturers to lower prices, incentivize outcome-based reimbursements, or restrict utilization of high-cost therapies.
Key Market Opportunities and Risks
Opportunities:
- Expansion into new indications or patient populations.
- Development of combination therapies.
- Strategic partnerships with distributors and payers.
- Introduction of biosimilars or line extensions to extend market lifespan.
Risks:
- Accelerated generic/biosimilar penetration.
- Regulatory delays or rejections.
- Pricing pressures from payers and political entities.
- Patent litigation or patent challenges.
Key Takeaways
- Market Size & Growth: The current market for NDC 70677-1186 is sizable with sustained growth driven by disease prevalence, but faces downward pressure due to generic competition.
- Pricing Trends: Prices are expected to decline by approximately 15-25% annually over the next five years, contingent on patent expiration and competitive dynamics.
- Strategic Considerations: Stakeholders should monitor patent statuses, regulatory changes, and emerging biosimilar entrants as these factors will significantly influence pricing strategies.
- Market Entry & Expansion: Timing of generic and biosimilar innovations is critical; early entry can capture market share but must be balanced against investment risks.
- Policy Impact: Healthcare reforms aimed at cost containment could further depress prices but also offer opportunities via value-based contracting.
FAQs
Q1. When is patent expiration expected for NDC 70677-1186?
Patent expiration dates depend on the original product’s patent life, exclusivity periods, and any patent term extensions. Currently, precise dates are unavailable—stakeholders should vigilantly monitor patent filings and FDA approval statuses.
Q2. How does the entry of biosimilars affect the price of the original biologic?
Biosimilar entry typically reduces the original biologic’s price by 20-40%, depending on market acceptance and biosimilar competitiveness, leading to significant cost savings for payers.
Q3. What factors could accelerate price erosion for NDC 70677-1186?
Key factors include rapid approval and market adoption of generics/biosimilars, regulatory changes easing patent challenges, and payer negotiations that favor lower-cost alternatives.
Q4. Are there emerging indications that could extend the product's market lifecycle?
Development of new indications or expanded patient populations could sustain or increase the product’s value, delaying price erosions.
Q5. How should manufacturers prepare for future pricing pressures?
Proactively investing in line extensions, biosimilar development, strategic pricing negotiations, and demonstrating differentiated value can mitigate pricing risks.
References
[1] FDA Drug Database, NDC Registry.
[2] IQVIA. "Market Trends and Competitive Dynamics in Specialty Drugs." 2023.
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