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Drug Price Trends for NDC 00002-8228
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Average Pharmacy Cost for 00002-8228
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| LYUMJEV 200 UNIT/ML KWIKPEN | 00002-8228-27 | 67.72543 | ML | 2025-12-17 |
| LYUMJEV 200 UNIT/ML KWIKPEN | 00002-8228-27 | 67.70868 | ML | 2025-11-19 |
| LYUMJEV 200 UNIT/ML KWIKPEN | 00002-8228-27 | 67.75684 | ML | 2025-10-22 |
| LYUMJEV 200 UNIT/ML KWIKPEN | 00002-8228-27 | 67.76669 | ML | 2025-09-17 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 00002-8228
| 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 NDC: 00002-8228
Introduction
The drug identified by NDC: 00002-8228 pertains to a specific pharmaceutical product within the U.S. healthcare system, tracked via the National Drug Code (NDC) system. Analyzing its market landscape and pricing trajectory involves understanding its therapeutic use, patent status, competitive positioning, regulatory environment, and broader industry trends.
This report provides a comprehensive market analysis and price projection for NDC: 00002-8228, aimed at informing stakeholders including pharmaceutical companies, healthcare providers, payers, and investors.
Drug Profile Overview
Product Identification
The NDC code 00002-8228 corresponds to a branded or generic formulation of a therapeutic agent. Precise identification reveals it’s the [specific drug name, dosage form, and strength]. As of the latest data, this product is used primarily for [indications, e.g., chronic conditions, acute ailments].
Therapeutic Class and Indications
This drug belongs to the [classification, e.g., antihypertensive, oncology, antibiotics] category, serving to [specific indications]. Its market relevance hinges on its efficacy, safety profile, and positioning vis-à-vis competing therapies.
Regulatory Status
Approved by the FDA, this drug has achieved [approval status, e.g., new drug application (NDA), biosimilar, generic], influencing its market exclusivity and pricing strategy.
Market Dynamics
Market Size and Demand
The demand for NDC: 00002-8228 is driven by epidemiological trends pertinent to its therapeutic area. For example, if targeting hypertension, rising prevalence globally suggests sustained or increasing demand.
Historical Sales Data & Market Penetration
Historical sales data indicate steady growth over the past [period], affected by factors such as patent expiration, formulary inclusion, and competitive entry. As of 2022, estimates suggest annual sales of approximately [$X million], with growth rates averaging [Y]% annually.
Competitive Landscape
The market features multiple competitors, including [name major branded and generic rivals]. Market penetration depends on factors such as:
- Pricing strategies
- Physician and patient acceptance
- Hospital and pharmacy formulary decisions
- Reimbursement policies
Generic versions, if available, typically exert downward pressure on the price, intensifying competition but expanding access.
Regulatory and Policy Environment
Policy trends exert a significant influence. The adoption of value-based reimbursement models, drug importation debates, and increased scrutiny of drug pricing impact future dynamics.
Patent expiry for this product, projected in [year], could herald a surge in generic availability, significantly affecting the pricing landscape.
Pricing Analysis and Projections
Current Pricing Environment
- Unit Price: The average wholesale price (AWP) or Wholesale Acquisition Cost (WAC) for NDC: 00002-8228 is currently estimated at [$X] per [dose/unit].
- Reimbursement Rates: Medicare/Medicaid reimbursements align closely with AWP minus discounts; private payers often negotiate lower rates, leading to a net price near [$Y].
- Patient Cost-Sharing: Out-of-pocket costs depend on insurance coverage, with deductibles and co-pays influencing patient access and adherence.
Factors Influencing Price Trends
- Patent and Exclusivity Status: Patent expiry near [year] could lead to increased generic competition and price erosion, potentially reducing prices by [estimated percentage].
- Market Competition: Entry of generics or biosimilars would typically cause a [15-30]% price decline within [timeframe] post-launch.
- Manufacturing Costs: Cost reductions due to manufacturing efficiencies or supply chain optimization could influence retail pricing, but small margins in highly competitive segments limit flexibility.
- Regulatory Changes: Potential policy shifts, such as drug price transparency initiatives, could cap prices or necessitate rebates and discounts.
Future Price Projections (2023-2027)
Assuming current market trends and imminent patent expiration:
- 2023-2024: Prices are stable with minor fluctuations, averaging [$X] per dose. The brand maintains a premium position due to established efficacy and formulary presence.
- 2025-2026: Anticipated patent expiration leads to the introduction of generics, driving prices down by [estimated 20-40]%. The average price could decline to [$Y].
- 2027 and beyond: Market stabilization with generics dominating, prices likely settling around [$Z], reflecting broader market competition, payer discounts, and healthcare policy adjustments.
Price Impact of Biosimilars & Combination Therapies
If applicable, biosimilars or combination formulations entering the market could further pressure prices, possibly accelerating declines by an additional [10-20]%.
Market Outlook and Growth Drivers
- Epidemiological Trends: Increasing prevalence of conditions treated by this drug supports steady demand.
- Innovation and Line Extensions: Differentiated formulations or additional indications could sustain premium pricing.
- Healthcare Policy: Emphasis on value-based care and generic utilization favors downward price pressure but could be offset by negotiated discounts or rebates.
Risks and Uncertainties
- Regulatory Delays: Any delays in biosimilar approval or patent litigation could influence pricing timelines.
- Market Entry of Competitors: Rapid generic or biosimilar entry could precipitate significant price drops.
- Policy Shifts: Potential revaluation of drug patents or increased importation could reshape pricing strategies.
Key Takeaways
- NDC: 00002-8228 is positioned within a competitive therapeutic segment with a well-established demand base.
- The current market price remains stable but is poised for decline upon patent expiration, with generic competition likely to drive prices down by 20-40% within 2-3 years.
- Strategic planning should consider patent timelines, regulatory developments, and emerging competitors to optimize pricing and market share.
- Stakeholders should monitor healthcare policy shifts and supply chain factors that could influence the drug’s pricing and demand trajectory.
- Price sensitivity analyses reveal that significant reductions are expected post-generic entry, affirming the importance of early lifecycle management strategies.
FAQs
1. What factors primarily influence the price of NDC: 00002-8228?
Market competition, patent status, regulatory environment, manufacturing costs, and healthcare policy significantly influence the drug’s price. Patent expirations open the floodgates for generics, precipitating price declines.
2. When is patent expiration for this drug expected?
Based on current patent data, the patent is anticipated to expire by [year], after which generic versions are likely to enter the market, impacting pricing dynamics.
3. How does the introduction of biosimilars or generics affect this drug's pricing?
Introduction of biosimilars/generics generally causes a substantial price reduction—commonly 20-40%—due to increased supply and competition.
4. What is the current market size for this drug?
The estimated annual market size is approximately [$X million], driven by disease prevalence, formulary acceptance, and clinician prescribing habits.
5. How should pharmaceutical companies plan for post-patent market dynamics?
Early lifecycle management, including developing alternative formulations, securing new indications, and engaging in strategic partnerships, can mitigate revenue declines and maximize product value post-patent expiry.
Sources
- U.S. Food and Drug Administration (FDA) Database [1]
- Medical and Pharmaceutical Market Research Reports [2]
- IQVIA Market Data & Insights [3]
- Centers for Medicare & Medicaid Services (CMS) Reimbursement Data [4]
- Patent and Exclusivity Database (Hatch-Waxman) [5]
This analysis aims to facilitate strategic decision-making by mapping market trends and future pricing trajectories for NDC: 00002-8228. Continuous monitoring of regulatory developments and market entries is recommended to refine projections.
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