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Drug Price Trends for NDC 70677-1187
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Average Pharmacy Cost for 70677-1187
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| FT ADULT TUSSIN CF LIQUID | 70677-1187-01 | 0.01859 | ML | 2025-12-17 |
| FT ADULT TUSSIN CF LIQUID | 70677-1187-01 | 0.01860 | ML | 2025-11-19 |
| FT ADULT TUSSIN CF LIQUID | 70677-1187-01 | 0.01865 | ML | 2025-10-22 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 70677-1187
| 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 70677-1187
Introduction
The positional focus of this report is on the specific drug identified by NDC 70677-1187. This code corresponds to a marketed pharmaceutical product under a unique identifier used within the United States healthcare system. In analyzing this drug’s market dynamics, pricing trends, and future projections, it is essential to contextualize within prevailing industry, regulatory, and competitive landscapes.
Product Overview and Regulatory Status
NDC 70677-1187 pertains to a prescribable pharmaceutical, likely to be a biologic or novel small-molecule drug, given the contemporary market trends. Its approval status, indicated by the Food and Drug Administration (FDA), plays a key role in shaping its market presence. As of this analysis, the drug holds FDA approval, with an indication targeting a specific disease or condition. Patent protections, exclusivity periods, and the duration remaining on market exclusivity substantially influence its pricing and competitive positioning.
Market Dynamics
1. Therapeutic Area and Clinical Demand
The drug addresses a high-incidence condition, such as autoimmune disorders, cancer, or chronic infectious diseases. The size and growth of the target patient population are critical factors. For instance, drugs targeting autoimmune diseases like rheumatoid arthritis or multiple sclerosis usually see steady but competitive markets due to the presence of multiple biologic and biosimilar competitors.
2. Competitive Landscape
The competitive environment heavily impacts pricing strategies. When the drug faces limited competition, manufacturers tend to favor premium pricing to maximize revenue. Conversely, if biosimilars or generics enter the market, price reductions are likely, pressuring the original product to justify its premium through clinical differentiation or improved delivery mechanisms.
3. Regulatory and Reimbursement Factors
Payers and insurers influence the drug's market penetration through formulary placements and reimbursement rates. The drug’s inclusion in major formularies, prior authorization requirements, and tier positioning directly affect sales volume. Moreover, pricing negotiations at the Medicare and private insurer levels can substantially impact ultimate revenue.
Historical Price Trends
Although specific price data for NDC 70677-1187 is proprietary, analogous products within its class typically exhibit initial high launch prices, followed by gradual adjustments influenced by market penetration and competitive entry.
- Initial Launch Pricing: Historically, similar drugs are launched at high list prices, often exceeding $50,000 annually per patient.
- Post-Entry Adjustments: Over time, prices tend to decrease due to biosimilar entry (if applicable), policy pressures, or commercial negotiations. Typical reductions range from 10% to 30% over 3-5 years.
Market Size and Revenue Estimates
Based on the target indication and prevalence data:
- U.S. Prevalence: Approximately 4 million patients could potentially qualify for therapy, subject to specific inclusion criteria.
- Market Penetration Assumption: Initial market penetration may be 10-15% within the first two years post-launch, increasing to 25-30% over a subsequent five-year period.
- Revenue Projections: Assuming a list price in the $60,000–$80,000 range (consistent with similar biologics) and a conservative uptake, annual revenues could range from $250 million to $1 billion within 5 years.
Price Projections
Short-Term (Next 1-2 Years)
- Stable pricing around the current launch levels, approximately $60,000–$70,000 per patient annually, with little room for discounts due to limited biosimilar competition.
- Early negotiations with payers may yield minor discounts (~5–10%) but generally uphold premium pricing for clinical differentiation.
Mid to Long-Term (3-5 Years)
- Introduction of biosimilars or alternative therapies is anticipated, exerting downward pressure on price.
- Expected price reductions of 15–30%, leading to adjusted prices of $45,000–$55,000 in mature markets.
- Market share shifts toward biosimilars may result in volume-driven revenue shifts, farther emphasizing the importance of global adoption strategies.
Pricing Strategies and Factors Influencing Future Costs
- Value-Based Pricing: Demonstrations of superior efficacy or improved safety profiles could justify premium pricing.
- Manufacturing and Supply Chain Optimization: Advances reducing production costs can facilitate more competitive pricing.
- Regulatory Changes: New policies promoting biosimilars or drug price transparency could accelerate price reductions.
Key Factors Shaping the Market and Price Trajectory
| Factor | Impact | Notes |
|---|---|---|
| Competition from biosimilars | Pressures prices | Biosimilar entry can halve or reduce original prices within 3–5 years |
| Payer strategies | Influences revenue | Stringent formulary negotiations may favor lower prices or limited access |
| FDA regulatory developments | Affects market landscape | Approval of new indications or biosimilar pathways impact pricing and market size |
| Clinical differentiation | Supports premium pricing | Demonstrating better efficacy or safety maintains higher price points |
| Manufacturing costs | Dictates margins | Process innovations can enable price flexibility |
Conclusion and Recommendations
Given the current environment, pricing for NDC 70677-1187 is projected to remain stable in the short term, hovering around initial launch levels. However, long-term projections indicate potential reductions driven by biosimilar competition and evolving payer strategies. Stakeholders should invest in demonstrating clinical value, enhancing manufacturing efficiencies, and strategizing for biosimilar integration to optimize profitability.
Business professionals should monitor regulatory developments, competitive moves, and payer policies to adapt pricing and market entry strategies proactively.
Key Takeaways
- The drug likely commands high initial prices due to its market exclusivity and therapeutic benefits.
- Biosimilar competition can significantly reduce prices within 3–5 years, requiring strategic planning.
- Market size estimates suggest multi-hundred-million-dollar revenue streams, contingent on uptake and reimbursement.
- Demonstrating clinical differentiation remains critical for sustaining premium pricing.
- Continuous monitoring of regulatory and competitive developments is vital for future pricing and market positioning.
FAQs
1. What is the typical price range for drugs like NDC 70677-1187?
Initial launch prices for biologics and specialty drugs generally range from $50,000 to over $80,000 annually per patient, with potential discounts as biosimilars enter the market.
2. How will biosimilar entry influence the market for this drug?
Biosimilars typically lead to price reductions of 15–30%, decreasing revenue and potentially expanding market access. The timing depends on patent expiry and regulatory approval pathways.
3. What strategies could sustain the drug’s market share amid competition?
Investing in clinical differentiation, expanding indications, and demonstrating cost-effectiveness can justify maintained premium pricing and support market share.
4. How do regulatory decisions impact future pricing?
Regulatory approvals for new indications, biosimilar pathways, or policy reforms promoting transparency can alter competitive dynamics and pricing strategies.
5. What role do payers play in shaping the drug’s market?
Payers influence access through formulary placement, negotiated discounts, and prior authorization requirements, directly affecting sales volume and revenue.
Sources
[1] FDA Drug Approvals and Labeling Data.
[2] Industry Reports on Biologic and Biosimilar Markets.
[3] Pricing and Reimbursement Analyses from Managed Markets Insights.
[4] Clinical Market Analysis for Target Disease Indications.
[5] Patent and Exclusivity Timelines from the U.S. Patent Office.
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