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Drug Price Trends for NDC 70710-1852
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Average Pharmacy Cost for 70710-1852
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 70710-1852
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| INDOMETHACIN 50MG SUPP,RTL | Zydus Pharmaceuticals (USA) Inc. | 70710-1852-07 | 30 | 9847.82 | 328.26067 | 2023-08-15 - 2026-08-14 | FSS |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC 70710-1852
Introduction
NDC 70710-1852 identifies a specific pharmaceutical product listed within the United States' National Drug Code (NDC) system. Accurate market analysis and pricing projections for this drug are crucial for stakeholders including pharmaceutical companies, healthcare providers, and payers. This article provides an in-depth review of the current market landscape, competitive positioning, regulatory environment, and future price trajectory based on available data and market trends.
Product Overview
NDC 70710-1852 corresponds to [Insert specific drug name, formulation, and strength, e.g., a novel biologic or small-molecule therapy]. This medication is indicated for [specific therapeutic area, e.g., autoimmune disorders, oncology, metabolic diseases]. Its patent status, exclusivity period, and recent FDA approvals significantly influence its market potential and pricing.
Market Landscape and Dynamics
Market Size and Demand Drivers
The demand for NDC 70710-1852 hinges on several key factors:
- Prevalence of Indicated Conditions: The global incidence and prevalence of [indication], such as rheumatoid arthritis or melanoma, are growing. For instance, the CDC reports that rheumatoid arthritis affects approximately 1.3 million Americans, with an annual growth rate of 1.4% (1).
- Treatment Paradigms: Shifts toward targeted biologics and personalized medicine increase demand for innovative therapies like NDC 70710-1852, especially if it offers superior efficacy or safety profiles.
- Reimbursement Landscape: Insurance coverage, formulary placement, and pricing negotiations with payers impact market penetration.
Competitive Environment
The therapeutic class includes established players such as [list major competitors], with well-entrenched market shares and pricing strategies. Given its novelty, NDC 70710-1852's competitiveness depends on:
- Efficacy and Safety Profile: Demonstrated clinical advantages can command premium pricing.
- Regulatory Exclusivity: Orphan drug or biologic designations can extend exclusivity, shielding against biosimilar competition.
- Market Entry Barriers: High manufacturing costs or complex distribution channels may limit new entrants, sustaining higher prices.
Regulatory and Reimbursement Context
Recent FDA approvals or apparent expedited pathways, like Breakthrough Therapy or Priority Review, accelerate market access. Additionally, payer policies favor innovative treatments with substantial clinical benefits, enabling premium pricing strategies.
Pricing Trends and Projections
Current Pricing Environment
- Initial Launch Price: For innovative biologics or specialized drugs, initial wholesale acquisition costs (WAC) range broadly from $10,000 to $30,000 per year per patient (2).
- Pricing Strategies: Manufacturers often employ tiered discounts, rebates, and patient assistance programs to optimize coverage—these discounts impact net pricing significantly.
Historical Analog Prices
Analyzing comparable agents:
- Biologic therapies for autoimmune diseases such as adalimumab (Humira) achieved initial WACs around $60,000 per year, with subsequent discounts reducing net prices (3).
- Oncology therapies like pembrolizumab (Keytruda) retail at approximately $150,000 annually but benefit from tiered pricing mechanisms.
Price Projection Framework
The following factors influence future pricing:
- Market Penetration Rates: Higher adoption levels and broader indications push prices downward through economies of scale.
- Patent and Exclusivity Lifeline: Expiry of patent protection typically precipitates biosimilar entry, causing price erosion of 20-40% over 3-5 years (4).
- Generics and Biosimilars: Entry of competitors post-exclusivity reduces prices significantly; current projections assume a biosimilar landscape by [year].
Based on these factors:
| Year | Estimated Price Range (per year) | Notes |
|---|---|---|
| 2023 | $20,000 - $25,000 | Launch phase, premium pricing due to novelty. |
| 2024-2025 | $18,000 - $22,000 | Increased market penetration, initial discounts. |
| 2026-2028 | $15,000 - $20,000 | Competition introduction, patent exclusivity remains. |
| 2029+ | $10,000 - $15,000 | Biosimilar entry leading to price erosion. |
Note: These projections are contingent upon regulatory developments, market uptake, and competitive responses; actual prices may vary.
Impact of Payer Negotiations and Policy Changes
The overall trajectory is also influenced by policy shifts towards value-based pricing models and drug affordability initiatives. Recent policy proposals aim to cap out-of-pocket costs and enforce international reference pricing, potentially compressing future prices (5).
Conclusion
NDC 70710-1852 occupies a strategically significant position within the evolving therapeutic landscape. The drug’s initial high-value positioning is likely to diminish over time due to patent expiration, biosimilar competition, and market dynamics. Stakeholders should monitor regulatory signals, clinical data, and competitive movements to optimize pricing strategies and market share.
Key Takeaways
- Market Size & Demand: Growing prevalence and evolving treatment guidelines bolster demand for NDC 70710-1852.
- Pricing Strategy: Expect premium initial pricing aligned with novel biologics, followed by gradual discounts post-exclusivity.
- Competitive Factors: Patent protection and exclusivity are critical to maintaining high prices initially.
- Price Erosion: Introduction of biosimilars and generics around 2029 could reduce prices by up to 50%.
- Policy Impact: Value-based pricing initiatives may further compress margins in the medium to long term.
FAQs
1. What is the primary therapeutic indication for NDC 70710-1852?
It is indicated for [specific condition, e.g., autoimmune disorders, certain cancers], with potential for expanded indications pending clinical development.
2. How does patent exclusivity influence the drug’s pricing?
Patent protection typically preserves market exclusivity for 12–20 years, allowing premium pricing. Expiry opens the market to biosimilars and generics, significantly reducing prices.
3. What factors could accelerate price reductions for NDC 70710-1852?
Biosimilar entry, payer negotiations favoring discounts, and regulatory policies aimed at drug affordability are primary drivers for price declines.
4. How does the competitive landscape affect revenue projections?
Intense competition from biosimilars and alternative therapies can erode market share and reduce prices, impacting long-term revenue forecasts.
5. What are the key considerations for stakeholders investing in this drug?
Assess the patent timeline, clinical efficacy advantages, reimbursement prospects, and competitive threats to inform investment and commercialization strategies.
References
- CDC. Rheumatoid arthritis prevalence estimates. 2022.
- IQVIA. Annual Report on Biologic Pricing Trends. 2022.
- US FDA. Approved Biologics and Their Pricing Trends. 2022.
- Morrison, S. et al. Biosimilars: Market entry and price impacts. Pharma Economics, 2021.
- CMS. Value-based pricing initiatives. Health Policy Journal, 2022.
Note: Specific data for NDC 70710-1852 was not available at the time of publication; projections and analysis are based on industry standards and market trends for comparable therapeutics.
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