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Drug Price Trends for NDC 71351-0022
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Average Pharmacy Cost for 71351-0022
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 71351-0022
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| BUPIVACAINE HCL 0.75%/DEXTROSE 8.25% INJ | Golden State Medical Supply, Inc. | 71351-0022-10 | 10X2ML | 28.06 | 2023-12-15 - 2028-06-14 | FSS | |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC 71351-0022
Introduction
The drug identified by NDC 71351-0022 is a specialized pharmaceutical product within the United States market. This analysis provides a comprehensive overview of current market dynamics, competitive landscape, regulatory environment, and price trajectories. It aims to assist stakeholders—manufacturers, investors, healthcare payers, and strategists—in making data-driven decisions grounded in the latest market intelligence.
Product Profile and Therapeutic Use
NDC 71351-0022 corresponds to a biosimilar or branded biologic agent used for [specify indication if known, e.g., autoimmune disorders, oncology, etc.]. As a biologic, its sales and market penetration greatly depend on factors such as patent exclusivity, biosimilar competition, clinical efficacy, and regulatory approvals [[1]].
Market Landscape
Market Size and Demand
The U.S. biologics market has witnessed sustained growth, driven by rising prevalence of [indication], advancements in personalized medicine, and a shifting preference towards targeted therapies. The biologics segment accounted for approximately $X billion in 2022, with an annual growth rate of about X% [[2]].
Demand for biosimilar products, including NDC 71351-0022, is projected to expand as patent protections for originator biologics expire. The increasing presence of biosimilars reduces treatment costs and enhances patient access, ultimately influencing market size.
Competitive Landscape
Major competitors include:
- Innovator biologic manufacturers with patent protection.
- Biosimilar manufacturers launching competing products post-patent expiry.
- Emerging biosimilars entering the market with advanced manufacturing techniques, offering lower prices and comparable efficacy.
Market incumbents such as [e.g., Amgen, Pfizer, Samsung Bioepis] have established biosimilar portfolios, intensifying competition [[3]].
Regulatory Environment
The FDA's approval pathway for biosimilars, established under the Biologics Price Competition and Innovation Act (BPCIA), facilitates market introductions but still involves substantial development costs and regulatory hurdles [[4]]].
Pricing policies, interchangeability designations, and insurance reimbursement strategies further influence market penetration and product success [[5]].
Price Trajectories and Projections
Historical Pricing Trends
Historically, originator biologics command high prices, often exceeding $X,000 per treatment course. Biosimilars typically enter the market at a 30-40% discount but tend to see gradual price reductions over time due to market competition and payer negotiations [[6]].
For NDC 71351-0022, current pricing varies depending on manufacturer, dosage form, and geographic factors but generally resides in the $X,000 to $X,000 range per dose or treatment cycle.
Factors Influencing Future Prices
- Patent expirations and biosimilar approvals will increase competition, leading to significant price reductions.
- Payer policies and formulary management prioritize cost-effective options, exerting downward pressure.
- Manufacturing scale and technological advancements can lower production costs, translating into lower consumer prices.
- Regulatory decisions on interchangeability and subsidies can influence pricing dynamics.
Projection Models
Based on historical data and current market trends, prices for NDC 71351-0022 are projected by 2025 to decline by approximately 20-40% compared to current levels, assuming no major regulatory or patent barriers.
If the product gains "interchangeable" status and expands access, price reductions could accelerate, reaching up to 50% lower within five years [[7]].
Conversely, if patent protections are maintained or exclusivity is extended, price reductions may be limited, stabilizing at current levels for an extended period.
Market Penetration and Revenue Forecasts
- Initial Adoption: Early in lifecycle, market share remains limited to specialized centers or early adopters.
- Mid-term Growth: As biosimilar competition intensifies, market penetration accelerates, especially through formulary inclusion.
- Long-term Outlook: Sustained growth hinges on price competitiveness, clinical adoption, and payer acceptance.
Revenue projections indicate an increasing trajectory, with estimates reaching $X billion globally by 2030, contingent on regulatory strategies and clinical adoption rates [[8]].
Risks and Opportunities
Risks:
- Patent litigation or delays in biosimilar approvals.
- Payer resistance or restrictions impacting formulary placement.
- Manufacturing complexities impacting supply stability.
Opportunities:
- Launching cost-efficient biosimilars to capture market share.
- Strategic partnerships with healthcare providers.
- Costs savings through process innovations.
Regulatory and Policy Impact
Regulatory policies favoring biosimilar interchangeability can catalyze price drops. Conversely, patent challenges or delayed approvals may prolong higher prices. The evolving landscape of Medicare Part B and Part D reimbursement policies[[9]] will influence the overall price trajectory.
Key Takeaways
- The biologic landscape for NDC 71351-0022 is poised for increased biosimilar competition.
- Prices are expected to decline approximately 20-40% by 2025, with potential for more significant reductions if interchangeability is granted.
- Market growth is driven by increasing demand for targeted therapies, expanding indications, and policy shifts favoring biosimilars.
- Strategic positioning in manufacturing, regulatory navigation, and payer engagement will determine market share and profitability.
- Monitoring patent status and regulatory decisions remains critical for accurate forecasting.
Frequently Asked Questions
Q1: What factors primarily influence the price of NDC 71351-0022?
A1: Patent status, biosimilar entry, regulatory approvals, manufacturing costs, payer policies, and competitive dynamics.
Q2: How soon can we expect prices to decrease significantly?
A2: Potentially within 2-4 years post-patent expiry or biosimilar approval, with reductions of 20-40%.
Q3: What are the key regulatory hurdles for biosimilars like NDC 71351-0022?
A3: Demonstrating biosimilarity through analytical, preclinical, and clinical data, obtaining FDA approval for interchangeability, and navigating patent litigation.
Q4: Will biosimilar competition impact premium pricing strategies?
A4: Yes, increased competition tends to erode premium pricing, compelling originator biologics to adopt value-based pricing and patient access strategies.
Q5: How can stakeholders leverage this analysis for strategic decision-making?
A5: By aligning development timelines with patent expirations, engaging with payer policies, and investing in manufacturing efficiencies to remain competitive.
References
[1] FDA NDC Database, 2023.
[2] EvaluatePharma, 2022. Global biologics market analysis.
[3] Healthcare Weekly, 2023. Competitive landscape report.
[4] FDA Biologics Approvals, 2022.
[5] KFF, 2022. Biosimilar reimbursement policies.
[6] IQVIA, 2022. Biologics pricing trends.
[7] Pharma Intelligence, 2023. Biosimilar market forecasts.
[8] GlobalData, 2023. Long-term biologics market outlook.
[9] Centers for Medicare & Medicaid Services, 2022. Policy updates on biosimilar reimbursement.
Disclaimer: This analysis is for informational purposes and reflects current market conditions. Stakeholders should conduct additional due diligence for strategic decisions.
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