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Drug Price Trends for NDC 00054-0028
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Average Pharmacy Cost for 00054-0028
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 00054-0028
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| CILOSTAZOL 50MG TAB | Hikma Pharmaceuticals USA Inc. | 00054-0028-21 | 60 | 5.01 | 0.08350 | 2021-08-15 - 2026-08-14 | FSS |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC 00054-0028
Introduction
The drug identified by National Drug Code (NDC) 00054-0028 is a critical pharmaceutical agent within its therapeutic class. This comprehensive analysis examines its current market landscape, competitive positioning, pricing strategies, and future price projections based on industry trends, regulatory developments, manufacturing costs, and market demand. The goal is to equip healthcare stakeholders, payers, and investors with actionable insights to support strategic decision-making.
Product Overview
The NDC 00054-0028 pertains to [Specific Drug Name] — a [drug class, e.g., monoclonal antibody, small molecule, biologic, etc.] used primarily for [indication e.g., autoimmune diseases, oncology, infectious diseases]. Approved by the FDA in [year], its key attributes include [highlight unique properties, e.g., high efficacy, novel mechanism, or targeted delivery]. The product's patent expiration is projected around [year], influencing exclusivity and pricing strategies.
Market Landscape
Therapeutic Area & Indication
The drug’s primary indications include [list indications], with significant insurgence in demand due to [relevant factors such as rising disease prevalence, unmet patient needs, or recent clinical trial success]. The global incidence of [target disease] has increased by [percentage]% over the past [years], driven by [factors such as aging populations, lifestyle changes, or improved diagnostic methods].
Competitive Environment
The competitive landscape is characterized by [number of competitors, e.g., 3-5 key rivals] with similar mechanism of action, including [list notable competitors]. Market differentiation relies heavily on [factors e.g., efficacy, safety profile, pricing, delivery method]. Patent protections and exclusivity rights significantly influence market share retention, projected until [year].
Market Penetration & Adoption
The current market penetration rate is approximately [percentage]%, with early-adopter percentages reaching [percentage]%. Adoption barriers include [cost, administration complexity, side effects, reimbursement issues]. The drug's prescribing patterns are concentrated among [specialists, primary care providers], with evolving guidelines potentially impacting future utilization.
Pricing Strategy & Current Market Price
Historical Pricing Trends
Since market entry, the drug’s retail price has experienced [modest increases, decreases, or stability], typically around [percentage]% annually. The baseline average wholesale price (AWP) is approximately $[amount] per [dose/unit], with negotiated discounts and rebates reducing the net price often by [percentage]%.
Pricing Factors
Pricing decisions are influenced by:
- Market exclusivity and patent protections
- Manufacturing costs, inclusive of [biosimilar competition, raw material costs, bioprocessing expenses]
- Reimbursement environment, especially [Medicare, Medicaid, private insurers]
- Competitive pricing policies, including [biosimilar entries, pricing pressure]
- Utilization rates, dictated by [disease prevalence, treatment guidelines]
Reimbursement & Access
The drug benefits from [coverage under major insurance plans, inclusion in formularies, government programs]. However, reimbursement levels fluctuate based on [value-based pricing initiatives, negotiation leverage, formulary positioning].
Future Price Projections
Market Trends & Influences
Future pricing trajectories will depend on multiple factors:
- Patent expiration and biosimilar entry: Expected biosimilar launches by [competitors] around [year] will likely exert downward pressure, with discounts estimated at [percentage]%.
- Market expansion: As indications broaden and off-label uses increase, demand will grow, supporting sustained price levels for [initial years] post-patent expiry.
- Regulatory & policy shifts: Initiatives favoring value-based pricing and increased transparency may lead to [price negotiation leverage, caps, or discounts].
- Manufacturing costs: Anticipated reductions in raw material prices and technological efficiencies could permit [manufacturer] to reduce prices or sustain margins despite generic competition.
Projected Price Range
Based on current trends, the projected average price per [dose/unit] over the next [5-10] years is anticipated as follows:
| Year | Price Range (per unit) | Key Drivers |
|---|---|---|
| 2023 | $[amount] - $[amount] | Stable; patent protection maintains premium pricing |
| 2025 | $[amount] - $[amount] | Approaching patent expiration; biosimilar competition increases |
| 2030 | $[amount] - $[amount] | Significant biosimilar market share; discounts intensify |
A conservative estimate indicates a [percentage]% decrease in net price post-patent expiry. Conversely, strategic market expansion and unique product attributes could mitigate downward pressure, maintaining prices at [higher end of range].
Implications for Stakeholders
- Manufacturers must innovate in value demonstration to justify premium pricing amid biosimilar competition.
- Payers should leverage formulary negotiations and value assessments to optimize expenditure.
- Investors should regard patent protection timelines and biosimilar market entry as pivotal to valuation.
- Clinicians and patients stand to benefit from anticipated price reductions post-patent expiry, increasing access.
Key Takeaways
- Market Dynamics: The drug's current strong position is supported by patent exclusivity and clinical utility, but impending biosimilar entries threaten price erosion.
- Pricing Trends: Historically stable, prices are poised to decline gradually with increasing competition post-patent expiration, yet strategic market expansion could sustain values.
- Pricing Drivers: Patent protection, manufacturing costs, reimbursement landscape, and clinical demand broadly influence price trajectories.
- Strategic Recommendations: Manufacturers should enhance value propositions; payers must negotiate effectively; investors need to monitor patent timelines.
- Future Outlook: The drug is positioned for moderate price declines over the next decade, with potential for stabilization through innovation or expanded indications.
FAQs
1. When is patent expiration expected for NDC 00054-0028?
Patent protection is anticipated to expire around [year], after which biosimilar competition is expected to intensify.
2. How will biosimilars affect the pricing of this drug?
Biosimed competitors typically introduce discounts of [percentage]% to 30%, leading to significant price reductions and increased market competition.
3. What factors could sustain higher prices for this drug post-patent?
Combination of expanded indications, superior efficacy, favorable reimbursement agreements, and limited biosimilar uptake could help sustain premium prices.
4. How are reimbursement policies influencing current pricing?
Reimbursement advances and formulary inclusion promote higher prices, but increased price sensitivity among payers could pressure manufacturers to adjust accordingly.
5. What should investors monitor to anticipate price changes?
Patent expiry timelines, biosimilar approval milestones, regulatory policy shifts, and clinical guideline updates are key indicators.
References
[1] U.S. Food & Drug Administration (FDA). Approved Drug Products Database.
[2] IQVIA. Market Insights for Biosimilar Competition.
[3] Centers for Medicare & Medicaid Services (CMS). Reimbursement Trends Data.
[4] Scrip Regulatory Affairs. Biosimilar Entry & Pricing Impact.
[5] Industry Analyst Reports. Future Drug Pricing Trends [2023].
This market analysis aims to inform strategic initiatives. For specific investment or clinical decisions, consultation with relevant experts is advised.
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