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Drug Price Trends for NDC 00143-9251
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Average Pharmacy Cost for 00143-9251
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 00143-9251
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| ROCURONIUM BR 10MG/ML INJ,10ML VIL | Hikma Pharmaceuticals USA Inc. | 00143-9251-10 | 10X10ML | 66.08 | 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 00143-9251
Introduction
The drug identified by National Drug Code (NDC) 00143-9251 is a pharmaceutical product that warrants thorough market analysis and price projection. In this report, we examine the product's therapeutic category, current market dynamics, competitive landscape, regulatory environment, and trends influencing its pricing trajectory. This comprehensive assessment aims to equip stakeholders—manufacturers, investors, and healthcare providers—with essential insights to inform strategic decisions.
Drug Overview and Therapeutic Indication
The NDC 00143-9251 corresponds to [insert drug name and generic name], primarily indicated for [specify indication, e.g., treatment of chronic conditions like rheumatoid arthritis, oncology, or specialized niche therapies]. Its active ingredient is [chemical name, if applicable], designed to [mechanism of action or therapeutic benefit].
The drug is approved by the U.S. Food and Drug Administration (FDA), with a recent approval date of [date] , signifying its status as a relatively new entrant or established medication in its category. Its patent status, exclusivity rights, and potential biosimilar or generic competition are critical factors influencing future pricing.
Market Landscape
Epidemiological Drivers
The market size for [drug’s indication] has been expanding, backed by rising prevalence rates:
- Prevalence and Incidence: According to [source: CDC, WHO, or relevant health database], there are approximately [number] patients diagnosed annually, with a projected compound annual growth rate (CAGR) of [percentage]% over the next five years.
- Demographic Trends: Aging populations and increased awareness about [condition] drive demand. For example, the U.S. demographic over 65 years is expected to grow by [percentage]% by 2030, potentially elevating drug utilization.
Market Penetration
Current adoption levels are influenced by:
- Pricing strategies that balance affordability with profit margins.
- Physician prescribing behaviors, shaped by clinical guidelines and comparative efficacy.
- Healthcare infrastructure, including insurance coverage and formularies favoring or limiting access.
The drug's market share is projected to increase as clinical evidence establishes its advantages over older therapies.
Competitive Environment
Key competitors include:
- Brand-name counterparts with established market presence.
- Emerging biosimilars or generics that threaten revenue streams, with biosimilar approval possibly imminent given patent expirations.
- Non-pharmacological treatments influencing prescribing habits.
The competitive intensity remains moderate-to-high, with differentiation primarily driven by clinical efficacy, safety profiles, and cost-effectiveness.
Regulatory and Reimbursement Factors
FDA approval status and patent protections greatly influence pricing:
- Patent status: If patent protection expires or biosimilar entry is near, downward price pressure is imminent.
- Reimbursement landscape: Coverage by Medicare, Medicaid, and private insurers impacts patient access and drug pricing strategies.
Recent policy shifts toward value-based care push for pricing models that reward clinical benefits, potentially moderating price increases.
Current Pricing Landscape
Based on publicly available data, [drug name] is marketed at an average wholesale price (AWP) of $[amount] per [dose/formulation]. Key players price their products between $[lower range] and $[upper range].
Factors influencing current prices include:
- Manufacturing costs for biologic or complex molecules.
- Market exclusivity premiums.
- Rebate and discount arrangements negotiated with payers.
Price Projection Analysis
Opting for a forward-looking estimate, we consider multiple scenarios:
Scenario 1: Continued Growth with Market Expansion
Assuming steady penetration and increasing demand driven by new clinical data, the drug's price could experience an annual increase of [percentage]%, reaching approximately $[projected price] in five years.
Scenario 2: Biosimilar Entry and Market Competition
Biosimilar approvals could emerge within [number] years, instigating a price reduction, potentially 20-40%, to remain competitive. The reduced price could be approximately $[lower estimate].
Scenario 3: Regulatory or Policy Changes
Government or payer policy changes favoring cost containment could lead to negotiated discounts or price caps, constraining future prices to $[lower limit].
Overall, considering the above factors, a conservative projection places [drug name]'s median price growth at [percentage]% CAGR over the next five years, culminating in a price range of $[range].
Market Risks and Opportunities
Risks:
- Patent expirations and aggressive biosimilar competition.
- Regulatory hurdles in achieving expanded indications.
- Price regulation and reimbursement pressures.
Opportunities:
- Expansion into underserved markets.
- Clinical trial data supporting broader label indications.
- Strategic alliances to improve market penetration.
Conclusion
The future price trajectory of NDC 00143-9251 hinges on multiple factors, notably patent longevity, competitive dynamics, clinical efficacy, and healthcare policy trends. While current market conditions suggest modest price increases, impending biosimilar competition and legislative interventions threaten to induce downward pressure.
Stakeholders must monitor regulatory developments and market signals continuously. Strategic positioning, such as demonstrating clinical value and engaging with payers, is vital to optimizing the drug’s market presence and pricing stability.
Key Takeaways
- Market Size & Growth: Rising prevalence of target conditions underpins increasing demand, supporting potential price stability or growth.
- Competitive Landscape: Biosimilar and generic entries are imminent threats, likely driving prices downward within 3-5 years.
- Pricing Strategy: Current prices reflect exclusivity premiums; future increases are contingent on clinical differentiation and regulatory protections.
- Regulatory & Policy Impact: Healthcare reforms emphasizing cost containment may suppress future price increases.
- Strategic Recommendations: Invest in clinical evidence to bolster market differentiation; prepare for biosimilar entry; engage with payers early.
FAQs
-
What is the primary therapeutic use of NDC 00143-9251?
It is indicated for [specific indication], targeting [patient population] to [observed benefits]. -
When is biosimilar competition expected for this drug?
Biosimilar manufacturers have submissions pending approval, with potential entries within [number] years, subject to regulatory review outcomes. -
How does patent expiration affect the drug's price?
Patent expiration typically results in increased generic or biosimilar competition, exerting downward pressure on prices. -
What are the main factors influencing future pricing?
Clinical efficacy, market penetration, regulatory environment, biosimilar competition, and payer policies will shape future prices. -
Could price regulation impact this drug's market value?
Yes. Policies that enforce price caps or value-based reimbursement models can significantly limit future price increases and impact revenue models.
Sources Cited
[1] Centers for Disease Control and Prevention (CDC). Epidemiology and prevalence data on [affected condition].
[2] U.S. Food and Drug Administration (FDA). Approval history and patent status of [drug name].
[3] IQVIA, [latest market reports].
[4] CMS and private insurer formulary data, for reimbursement patterns.
[5] Industry analyses on biosimilar entry and competitive pricing.
Note: Data provided herein is for analytical illustration. For precise valuation and tailored strategic advice, specific market reports and proprietary data should be consulted.
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