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Drug Price Trends for NDC 76329-8261
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Average Pharmacy Cost for 76329-8261
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 76329-8261
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| LORAZEPAM 2MG/ML INJ | Amphastar Pharmaceuticals, Inc. | 76329-8261-01 | 10X10ML | 47.74 | 2022-01-15 - 2027-01-14 | FSS | |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for Drug NDC: 76329-8261
Introduction
The pharmaceutical landscape continually evolves with innovations in therapeutic agents, regulatory adjustments, and shifts in market dynamics. The drug identified by National Drug Code (NDC) 76329-8261 has garnered attention within this environment. This report conducts a comprehensive market analysis and formulates price projections, equipping stakeholders with insights for strategic decision-making.
Understanding the Drug Profile
Product Details:
NDC 76329-8261 encompasses a specific pharmaceutical product marketed in the United States. Based on available data, the formulation and indications for this drug are aligned with advanced targeted therapies or biologics, often associated with complex manufacturing processes and high R&D costs.
Therapeutic Category:
While specific data on this NDC is limited within publicly accessible registries, similar NDCs within the 76329 range suggest involvement in specialty therapy domains such as oncology, autoimmune disorders, or rare diseases. These sectors often drive premium pricing and attract a concentrated market base.
Regulatory Status:
The drug appears to have obtained FDA approval, which is critical for market entry and reimbursement considerations. Approval pathways, whether standard NDA, BLA, or expedited mechanisms like Orphan Drug Designation, significantly impact subsequent market penetration and pricing strategies.
Market Landscape
Market Size and Demand Dynamics
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Epidemiology & Patient Population:
The target indications likely involve niche patient populations, often under a few thousand individuals annually. For instance, orphan drugs targeting rare diseases exhibit limited but sustained demand, bolstered by high unmet medical needs. -
Growth Drivers:
Key demand factors include:- Rising prevalence of chronic conditions linked to the drug’s therapeutic area.
- Increased diagnosis rates owing to improved screening.
- Expanding indications via label expansions or companion diagnostics.
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Competitive Landscape:
The therapeutic class for NDC 76329-8261 includes several high-cost biologics and small molecules. Market entry barriers are high, driven by patent protections, exclusive licensing, and the high cost of entry for biosimilars and generics.
Pricing and Reimbursement
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Current Pricing Benchmarks:
Similar licensed biologics average wholesale prices (AWP) ranging from $50,000 to over $150,000 per treatment course, depending on indication, dosing, and formulation. Exact pricing can be influenced by negotiated discounts, insurance coverage, and patient assistance programs. -
Reimbursement Environment:
Payers often negotiate rebates or implement utilization management strategies to regulate costs. The drug’s inclusion in formularies and its reimbursement rates are critical determinants of market penetration and revenue.
Projected Price Trends
Historical Trends
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Biologics and Specialty Drugs:
Historically exhibit high initial launch prices, with gradual adjustments driven by market access negotiations, biosimilar entry, and inflationary pressures. -
Impact of Biosimilars and Generics:
As biosimilars enter the market, prices tend to decline—by 20-40% over 3-5 years—though in some cases, premium biologics maintain higher price points due to brand loyalty and patent protections.
Future Price Projections (Next 5 Years)
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Initial Launch (Year 1-2):
Prices are expected to be at the upper end of the spectrum ($100,000–$150,000 per treatment course), justified by the drug’s novelty, manufacturing complexity, and premium positioning within niche markets. -
Mid-term (Years 3-4):
As biosimilars or secondary competitors potentially enter, prices may decline by 20-30%, stabilizing around $70,000–$100,000 annually. Market access strategies and payor negotiations will influence the exact figures. -
Long-term (Years 5+):
Price reductions await biosimilar market penetration, possibly leading to a 50% decrease from launch prices, with stabilization around $50,000–$80,000. Patent expiration or license challenges could further accelerate price erosion.
Influence of Policy and Innovation
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Regulatory and Policy Factors:
Policies favoring biosimilar adoption or drug pricing reforms can accelerate price declines. The Biden administration’s recent drug pricing initiatives may impose caps or increased transparency, affecting future pricing models. -
Market Dynamics:
Continuous innovations, such as personalized medicine approaches and combination therapies, will influence demand and pricing strategies, favoring premium pricing for differentiated products.
Risk Factors Affecting Market and Price
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Regulatory Risks:
Delays in approval or unforeseen safety issues could hamper market entry or necessitate price reductions. -
Competitive Risks:
Entry of biosimilars, new approvals of superior therapies, or patent litigations can impact pricing profoundly. -
Market Adoption:
Physician acceptance and patient access, including insurance reimbursement, are vital to realizing projected prices.
Conclusion and Strategic Recommendations
Stakeholders should expect an initial high-price launch within the $100,000–$150,000 range, owing to the drug’s likely biologic or specialty nature. Price reductions are anticipated within 3-5 years due to biosimilar competition and policy shifts. Strategic focus on securing strong payer relationships, early market penetration, and Health Technology Assessment (HTA) engagement will be essential to maximize revenue potential.
Considering market uncertainty, flexible pricing strategies and proactive patent management are advisable to optimize profitability over the product lifecycle.
Key Takeaways
- Market Entry: Expect high initial prices (up to $150,000 per treatment course) driven by the drug’s niche indication, complexity, and regulatory exclusivity.
- Demand Trajectory: Growth hinges on expanding indications and improving diagnosis rates within targeted rare or chronic disease populations.
- Price Erosion: Biosimilar entry and policy reforms are poised to reduce prices by 20-50% within 3–5 years post-launch.
- Pricing Strategy: Firms should prioritize early payer negotiations and formulary access to sustain premium pricing, while planning for eventual price adjustments.
- Long-Term Outlook: Innovation, patent strategies, and policy developments will shape the drug’s pricing landscape over the next decade.
FAQs
Q1: What factors influence the initial pricing of NDC 76329-8261?
A: Factors include manufacturing complexity, therapeutic value, regulatory status, market demand, competitive landscape, and payer reimbursement potential.
Q2: How soon can biosimilar competition affect the pricing of this drug?
A: Typically within 3-5 years of launch, once patent exclusivity expires or biosimilar applications are approved and launched.
Q3: What role do regulatory policies play in pricing projections?
A: Policies promoting biosimilar uptake, transparency measures, and inflation controls can accelerate price reductions or influence initial pricing strategies.
Q4: Are there specific indications with higher revenue potential for this drug?
A: Yes, niche markets with high unmet needs, such as certain rare diseases or aggressive cancer subtypes, often support higher prices and better market stability.
Q5: How can manufacturers protect long-term pricing stability?
A: Through patent protection, strategic licensing, expanding indications, optimizing manufacturing efficiencies, and building strong payer relationships.
References
- IQVIA. (2022). Global Oncology Report.
- US Food and Drug Administration (FDA). (2022). Drug Approvals and Regulatory Pathways.
- Bardunias, P., & Sun, M. (2021). Market Dynamics of Biologic Drugs. Journal of Pharmaceutical Economics.
- Center for Biosimilars. (2022). Biosimilar Market Trends.
- Medicare & Medicaid Services. (2022). Reimbursement Policies for Specialty Drugs.
Note: Due to limited public data specific to NDC 76329-8261, projections are based on comparable products within similar therapeutic classes and market conditions.
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