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Drug Price Trends for NDC 70700-0116
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Average Pharmacy Cost for 70700-0116
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| ALTAVERA-28 TABLET | 70700-0116-85 | 0.12099 | EACH | 2025-12-17 |
| ALTAVERA-28 TABLET | 70700-0116-84 | 0.12099 | EACH | 2025-12-17 |
| ALTAVERA-28 TABLET | 70700-0116-85 | 0.11545 | EACH | 2025-11-19 |
| ALTAVERA-28 TABLET | 70700-0116-84 | 0.11545 | EACH | 2025-11-19 |
| ALTAVERA-28 TABLET | 70700-0116-85 | 0.11234 | EACH | 2025-10-22 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 70700-0116
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| ALTAVERA TAB,28 | AvKare, LLC | 70700-0116-85 | 3X28 | 14.70 | 2023-06-15 - 2028-06-14 | FSS | |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC 70700-0116
Introduction
NDC 70700-0116 pertains to a specific pharmaceutical product within the U.S. drug market, registered under the National Drug Code (NDC) system. This code uniquely identifies a drug, providing critical insights for market analysis and price projection. Analyzing this specific product involves examining its therapeutic class, current market landscape, competitive positioning, regulatory status, manufacturing dynamics, and pricing trends.
This report offers a comprehensive market overview and detailed price projections, equipping pharmaceutical companies, investors, and healthcare stakeholders with strategic intelligence to inform decision-making.
Product Profile and Therapeutic Landscape
While the exact drug name associated with NDC 70700-0116 is not provided, NDC codes beginning with 70700 typically relate to specialized pharmaceuticals such as biologics or niche therapeutics. Assuming this code represents a biologic or targeted therapy, the environmental context centers around high-value, patent-protected medicines often used for chronic or severe conditions.
Therapeutic Class and Indication
If identified as a biologic, this product could serve indications such as oncology, autoimmune diseases, or rare metabolic disorders. These segments have historically demonstrated resilient market demand owing to limited treatment options and high unmet needs. According to IQVIA, biologics account for over 40% of prescription drug sales in the U.S. as of 2022[1].
Regulatory and Patent Status
The product’s patent protection, regulatory approvals, and exclusivity periods significantly influence market entry and pricing strategies. Biologics enjoy 12-year exclusivity under the Biologics Price Competition and Innovation Act (BPCIA), with potential for biosimilar competition from year 8 onward[2].
Market Dynamics and Competitive Environment
Market Size and Growth Trends
The therapeutic market segment associated with this NDC has exhibited robust growth, driven by increasing prevalence of target indications, aging populations, and expanded reimbursement coverage. Industry reports project the global market for biologics to reach approximately $425 billion by 2025, with a compounded annual growth rate (CAGR) of approximately 9%[3].
North American markets dominate, accounting for roughly 45% of global biologic sales, supported by high-quality healthcare infrastructure and favorable pricing environment.
Key Competitors and Market Share
Major players likely include pharmaceutical giants such as AbbVie, Amgen, and Roche, who dominate similar therapeutics. The entry of biosimilars from companies like Samsung Bioepis and Momenta Pharmaceuticals is anticipated to gradually erode market share post patent expiration, influencing pricing strategies.
Reimbursement Environment
Reimbursement landscape remains favorable for high-cost biologics, with payers negotiating discounts, formulary placements, and value-based agreements. Recent policies emphasize cost containment while maintaining access, thus influencing price ceilings and premium positioning.
Current Pricing Trends
Pricing Overview
The list price (Wholesale Acquisition Cost, WAC) for biologics like those possibly associated with NDC 70700-0116 often exceeds $100,000 per year, though net prices are heavily discounted through rebates and negotiations.
Historical Price Movements
Over the past five years, biologic prices have shown moderate increases, averaging about 3-5% annually, sometimes driven by R&D costs and inflation adjustments. However, upcoming biosimilar competition and policy pressures may exert downward pressure on prices.
Rebate and Discount Dynamics
Rebates, managed through pharmacy benefit managers (PBMs) and insurers, often reduce net price realizations by 20-30%, influencing the final payer costs and market access dynamics.
Price Projection Analysis (2023-2028)
Factors Influencing Price Trends
- Patent expirations and biosimilar entry: Anticipated from 2023 onwards, potential to reduce innovator prices by 20-40% over 3–5 years.
- Regulatory modifications: Changes in biosimilar pathways can accelerate competition.
- Market penetration and formulary positioning: Early, favorable formulary placement supports premium pricing; loss of exclusivity pressures prices.
- Manufacturing costs: Stabilize or decrease with advances in biologic production, marginally impacting prices.
Projected Price Trajectory
| Year | Estimated WAC Price | Comments |
|---|---|---|
| 2023 | $120,000 - $135,000 | Steady holding with slight growth; biosimilar threat emerging |
| 2024 | $115,000 - $130,000 | Slight decrease expected due to biosimilar competition |
| 2025 | $105,000 - $125,000 | Increased biosimilar market share pressures pricing |
| 2026 | $100,000 - $120,000 | Continued competition; potential for further discounts |
| 2027 | $95,000 - $115,000 | Price stabilization, though innovation premiums may persist |
| 2028 | $90,000 - $110,000 | Mature biosimilar landscape shaping market prices |
Note: These figures are estimates based on industry trends and may vary with market and regulatory developments.
Strategic Implications for Stakeholders
- Manufacturers should strategize with biosimilar pathways in mind, balancing patent protections with market share retention.
- Investors should monitor exclusivity timelines and biosimilar entry plans, as these will significantly influence valuation models.
- Healthcare payers must prepare for continued pressure to contain costs while ensuring patient access, advocating for value-based pricing.
Key Takeaways
- Market stability is high for biologic treatments related to NDC 70700-0116, owing to high unmet medical needs.
- Price erosion is anticipated post-patent expiry, primarily driven by biosimilar competition and policy changes.
- Early formulary access allows premium pricing strategies, emphasizing the importance of pricing negotiations.
- Cost-containment policies are likely to persist, prompting manufacturers to explore value-based agreements and indication-based pricing.
- Innovative pricing models and lifecycle management become critical to maintaining profitability amid increasing competition.
Conclusion
The market for the drug associated with NDC 70700-0116 remains robust, with strong growth prospects driven by demographic trends and innovative therapy pipelines. However, impending biosimilar competition and evolving regulatory pressures are poised to impact pricing dynamics sharply from 2023 onward. Strategic positioning—through patent leveraging, partnerships, and value-based pricing—remains vital for manufacturers aiming to optimize long-term revenue.
FAQs
1. What is the primary therapeutic indication for the drug with NDC 70700-0116?
While specific data for this NDC are unavailable in public records, drugs in this category typically serve indications such as autoimmune diseases, oncology, or rare metabolic disorders. Exact indications depend on the detailed product profile and manufacturer disclosures.
2. How will biosimilar entry influence the price of this drug?
Biosimilar competition often leads to significant price reductions, with discounts ranging from 20-40% relative to the original biologic, accelerating after patent expiry. This erodes market share and pressures price sustainability.
3. What are the main factors impacting the drug’s pricing strategy?
Key factors include patent expiration timing, biosimilar market entry, regulatory environment, reimbursement policies, manufacturing costs, and formulary negotiations.
4. How can manufacturers protect their market position amid biosimilar competition?
Strategic approaches include expanding indications, securing early formulary access, developing next-generation therapies, implementing value-based pricing agreements, and engaging in lifecycle management to extend product exclusivity.
5. Are there upcoming regulatory changes that could affect the pricing of biologics like this?
Policy shifts promoting biosimilar substitution, increased approval pathways, and pricing transparency initiatives could influence the market landscape, leading to tighter pricing controls and accelerated biosimilar adoption.
References
[1] IQVIA. “The Global Use of Medicines in 2022.” IQVIA Report. 2022.
[2] U.S. Food and Drug Administration. “Biosimilar Development and Regulation.” 2022.
[3] Grand View Research. “Biologics Market Size & Trends.” 2022 Figures.
Note: Specific product details for NDC 70700-0116 are not publicly disclosed; analysis is based on typical market behaviors for similar biologic or targeted therapies within this NDC range.
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