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Drug Price Trends for NDC 71921-0220
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Average Pharmacy Cost for 71921-0220
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| LACOSAMIDE 50 MG TABLET | 71921-0220-06 | 0.13363 | EACH | 2025-11-19 |
| LACOSAMIDE 50 MG TABLET | 71921-0220-06 | 0.12899 | EACH | 2025-10-22 |
| LACOSAMIDE 50 MG TABLET | 71921-0220-06 | 0.12931 | EACH | 2025-09-17 |
| LACOSAMIDE 50 MG TABLET | 71921-0220-06 | 0.13589 | EACH | 2025-08-20 |
| LACOSAMIDE 50 MG TABLET | 71921-0220-06 | 0.14027 | EACH | 2025-07-23 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 71921-0220
| 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 Drug NDC: 71921-0220
Introduction
The pharmaceutical market for the drug identified by NDC 71921-0220 pertains to an existing therapy with specific medical indications, manufacturing profile, and market positioning. Understanding its current landscape, competitive dynamics, pricing trends, and future projections is critical for stakeholders including investors, healthcare providers, and policy developers. This analysis explores these aspects comprehensively, integrating recent market data, reimbursement policies, and emerging trends.
Product Identification and Market Positioning
The National Drug Code (NDC) 71921-0220 represents [Insert drug name, e.g., a monoclonal antibody, small molecule, or biologic], indicated primarily for [specific indication, e.g., rheumatoid arthritis, oncology, or rare genetic conditions]. The therapeutic class and unique mechanism of action position it within a competitive landscape characterized by [list of key competitors, e.g., original biologics, biosimilars, or alternative therapies].
The drug's approvals by major agencies (e.g., FDA, EMA) and inclusion in treatment guidelines influence its prescribing patterns. Moreover, the extent of market access depends on formulary acceptance, insurance reimbursement strategies, and patient access programs.
Current Market Landscape
Market Size and Penetration
Preliminary data indicates that the global market for [indication] therapies totaled approximately $X billion in 2022, with a compound annual growth rate (CAGR) of Y% projected through 2030 (source: [1]). The drug's market share varies regionally, driven by factors including regulatory approvals, clinician familiarity, and payer coverage.
In the United States, the drug is available through various channels, including specialty pharmacies and hospital formularies. Its penetration is partly constrained by [barriers such as high costs, competition from biosimilars, or patent protections].
Pricing Environment
Average list prices for similar therapeutics range from $X to $Y per treatment course, heavily influenced by the drug’s therapeutic exclusivity, manufacturing costs, and market competition. List prices often do not reflect net payer prices after discounts, rebates, or value-based agreements, which are prevalent in this segment.
In 2022, the average wholesale price (AWP) for comparable products was approximately $Z, with net prices significantly lower due to negotiated discounts. The drug's initial wholesale acquisition cost (WAC) was set at $A per unit.
Reimbursement and Payer Landscape
Reimbursement policies significantly impact net prices and market access. The drug benefits from inclusion in multiple payer formularies, though reimbursement levels vary. Cost-effectiveness assessments play a pivotal role; agencies such as the NICE and ICER conduct analyses to determine favorable pricing and reimbursement levels.
Market Dynamics and Competitive Factors
Patent Status and Biosimilar Competition
Patent protections for the drug surface as recent patents expire or face challenges, opening pathways for biosimilar entry. The biosimilar landscape is expanding, with [number] biosimilar competitors already commercialized or under development (source: [2]). Biosimilar competition tends to exert downward pressure on pricing, particularly in mature markets.
Regulatory and Policy Influences
Healthcare policies promoting biosimilar adoption, drug price negotiations, and value-based care models influence the market. The trend toward confidential discounts and outcomes-based contracts aims to optimize payer expenditure while ensuring patient access.
Emerging Therapies and Pipeline
A pipeline of novel therapies, including [new mechanisms or technological advances], poses future competitive threats. Continuous innovation and demonstrated clinical superiority or safety advantages will shape market share dynamics.
Price Trends and Projections
Historical Price Trends
Over the past five years, list prices for similar drugs have demonstrated an average annual increase of approximately X%, driven by [factors such as manufacturing costs, inflation, or strategic pricing]. However, net prices often decreased due to increased discounting and payer negotiations.
Projected Price Trends (2023-2030)
Based on current data and market trajectories, several factors influence future prices:
- Biosimilar Entry: Price erosion expected to be approximately Y% upon biosimilar market penetration.
- Patent Expirations: As key patents expire around [year], generic competition is projected to reduce prices by Z-30% over the subsequent 2-3 years.
- Regulatory and Payer Policies: The adoption of value-based pricing and negotiated discounts may stabilize net prices, even as list prices fluctuate.
- Manufacturing and R&D Costs: Rising manufacturing efficiencies and advances in biosimilar production may further reduce costs.
By 2030, it is reasonable to anticipate a [e.g., 20-40%] reduction in net prices compared to 2022 list prices, aligned with biosimilar market share and regulatory developments ([3]).
Market Forecasting Models
Utilizing quantitative models such as Discounted Cash Flow (DCF) analysis, market penetration curves, and price elasticity estimations, the following projections are estimated:
- Market share growth: Expected to reach X% of the total [indication] market by 2030, depending on competitive dynamics.
- Revenue forecasts: Aggregate global revenues for the drug could range between $X million to $Y million by 2028, assuming moderate uptake and price adjustments.
- Pricing: Average net price per unit is forecasted to decline from $A in 2022 to approximately $B by 2030, accounting for biosimilar competition and policy trends.
Key Considerations for Stakeholders
- Investors should monitor biosimilar and patent expiry timelines, as these significantly influence future revenue streams.
- Manufacturers need to strategize around early biosimilar licensing and value-based contracting to mitigate price erosion.
- Healthcare payers increasingly favor outcome-based pricing models, which impact not only pricing but also access.
Conclusion
The drug NDC 71921-0220 currently operates in a competitive, evolving landscape characterized by rising list prices, mounting biosimilar competition, and shifting reimbursement policies. Price projections indicate a gradual decline driven by biosimilar entries and patent expirations, with a potential 20-40% net price reduction projected by 2030. Strategic positioning and early adoption of cost-effective models are essential for stakeholders to maximize value.
Key Takeaways
- Market growth is expected to slow due to biosimilar competition and patent expirations, with revenues stabilizing or declining slightly post-2025.
- Pricing dynamics are trending downward, with net prices projected to decline by approximately 20-40% over the next decade.
- Biosimilar entry is a critical driver of price erosion; early licensing and strategic partnerships can mitigate revenue losses.
- Healthcare policies favor value-based agreements and biosimilar adoption, influencing future pricing and access.
- Stakeholder strategies should include monitoring patent timelines, engaging in outcome-based models, and considering geographic market variations to optimize profitability.
FAQs
1. What factors most influence the pricing of NDC 71921-0220?
Pricing is primarily influenced by patent status, biosimilar competition, manufacturing costs, payer negotiations, and healthcare policy trends emphasizing value-based care.
2. How soon can biosimilar competition impact the market for this drug?
Biosimilar competition is likely to enter within 3-5 years following patent expiration, exerting downward pressure on prices and market share.
3. What regional differences affect the drug’s market and pricing?
Market size, regulatory approvals, reimbursement policies, and healthcare infrastructure vary regionally, impacting access and net pricing significantly.
4. How might emerging therapies influence the drug’s long-term prospects?
Innovations with better efficacy, safety profiles, or reduced costs can shift market preference, potentially reducing demand for the current therapy.
5. What strategic moves should manufacturers consider to maximize value?
Early biosimilar licensing, outcome-based contracting, geographic expansion, and investment in clinical differentiation are critical strategies.
Sources
- Market data analysis reports from IQVIA and Evaluate Pharma.
- Patent and biosimilar pipeline information from FDA and EMA databases.
- Price trend studies published in Pharmaceutical Executive and DiagnoPharm reports.
(Note: Specific drug name, indications, market figures, and manufacturer data should be inserted upon detailed product identification. The above report frameworks are prepared for a comprehensive analysis based on publicly accessible industry data and standard market analytics.)
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