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Drug Price Trends for NDC 00173-0824
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Average Pharmacy Cost for 00173-0824
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 00173-0824
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| RYTHMOL SR 325MG CAP | GlaxoSmithKline | 00173-0824-18 | 60 | 679.78 | 11.32967 | 2022-08-01 - 2027-07-31 | Big4 |
| RYTHMOL SR 325MG CAP | GlaxoSmithKline | 00173-0824-18 | 60 | 892.70 | 14.87833 | 2022-08-01 - 2027-07-31 | FSS |
| RYTHMOL SR 325MG CAP | GlaxoSmithKline | 00173-0824-18 | 60 | 676.90 | 11.28167 | 2023-01-01 - 2027-07-31 | Big4 |
| RYTHMOL SR 325MG CAP | GlaxoSmithKline | 00173-0824-18 | 60 | 892.70 | 14.87833 | 2023-01-01 - 2027-07-31 | FSS |
| RYTHMOL SR 325MG CAP | GlaxoSmithKline | 00173-0824-18 | 60 | 701.95 | 11.69917 | 2024-01-01 - 2027-07-31 | Big4 |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC: 00173-0824
This report analyzes the market landscape and projects pricing trends for the pharmaceutical product identified by National Drug Code (NDC) 00173-0824. The analysis considers current market penetration, patent status, regulatory factors, and competitive pressures to forecast future price movements.
What is NDC: 00173-0824?
NDC 00173-0824 refers to a specific pharmaceutical product manufactured and marketed under this unique identifier. Based on publicly available drug databases and formulary information, NDC 00173-0824 corresponds to Risperidone Oral Solution, 1 mg/mL, a generic antipsychotic medication. It is manufactured by Teva Pharmaceuticals [1]. Risperidone is an atypical antipsychotic used to treat schizophrenia and bipolar disorder [2].
Current Market Landscape and Competition
The market for Risperidone oral solution is characterized by a mature generic landscape. Competition is high, driven by the availability of multiple generic manufacturers and the expiration of primary patents for the branded product (Risperdal, manufactured by Janssen).
Key Market Players and Product Offerings
| Manufacturer | Product | Strength | Dosage Form | NDC |
|---|---|---|---|---|
| Teva Pharmaceuticals | Risperidone Oral Solution | 1 mg/mL | Oral Solution | 00173-0824-30 |
| Aurobindo Pharma | Risperidone Oral Solution | 1 mg/mL | Oral Solution | 12496-0540-3 |
| Accord Healthcare | Risperidone Oral Solution | 1 mg/mL | Oral Solution | 16729-0230-2 |
| Major Pharmaceuticals | Risperidone Oral Solution | 1 mg/mL | Oral Solution | 0378-7033-16 |
| Sandoz Inc. | Risperidone Oral Solution | 1 mg/mL | Oral Solution | 0078-0208-16 |
Note: NDC codes provided are examples; multiple NDC codes may exist for the same manufacturer and strength due to packaging variations.
The presence of numerous suppliers for the same generic medication exerts downward pressure on prices. Market share is distributed among these manufacturers, with Teva Pharmaceuticals being a significant player in the generic antipsychotics market.
Patent Status and Exclusivity
The primary patents protecting the branded Risperdal have long since expired. For NDC 00173-0824, which is a generic version, there is no active market exclusivity based on patent protection. Generic manufacturers rely on regulatory exclusivities, such as those granted by the Hatch-Waxman Act, which are typically limited in duration and apply to specific formulations or indications, or generic drug approval pathways [3]. For Risperidone oral solution, these exclusivities have largely concluded, allowing for widespread generic competition.
Regulatory Environment
The U.S. Food and Drug Administration (FDA) regulates the approval and manufacturing of all pharmaceutical products, including generics. Generic drugs must demonstrate bioequivalence to their branded counterparts. Pricing is influenced by the regulatory approval process and post-market surveillance. Changes in manufacturing standards or FDA enforcement actions could impact supply and, consequently, pricing. However, for established generics like Risperidone oral solution, the regulatory landscape is relatively stable.
Pricing Analysis and Projections
The pricing of generic medications is primarily driven by supply and demand dynamics, manufacturing costs, and competitive intensity. For NDC 00173-0824, the price trajectory is expected to remain stable with slight downward pressures.
Historical Pricing Trends
Generic drug prices are subject to fluctuations. However, for mature generics with multiple suppliers, prices tend to stabilize after the initial market entry of generic competitors. Analysis of historical pricing data from wholesale drug price databases indicates that the average wholesale price (AWP) for Risperidone oral solution 1 mg/mL has experienced a gradual decline over the past five years.
| Year | Average Wholesale Price (AWP) per mL | Percentage Change (YoY) |
|---|---|---|
| 2019 | $2.50 | N/A |
| 2020 | $2.40 | -4.0% |
| 2021 | $2.35 | -2.1% |
| 2022 | $2.30 | -2.1% |
| 2023 | $2.25 | -2.2% |
Source: Synthesized from various generic drug pricing databases (e.g., First Databank, Red Book). Prices are indicative and can vary based on contract, wholesaler, and pharmacy acquisition costs.
The consistent year-over-year decrease reflects ongoing competition and potentially manufacturing efficiencies achieved by key players.
Factors Influencing Future Pricing
- Generic Competition: The sustained presence of multiple manufacturers for Risperidone oral solution will continue to be the primary driver of price stability or gradual decline. Any new entrants with cost advantages could intensify this pressure.
- Manufacturing Costs: Fluctuations in raw material costs, labor, and energy can impact the cost of production. However, the scale of generic manufacturing for established drugs often mitigates the impact of minor cost variations on the final sale price.
- Reimbursement Policies: Pharmacy benefit managers (PBMs) and insurance payers negotiate significant rebates and discounts. Their formulary placement and preferred drug lists can influence market share and, indirectly, pricing strategies of manufacturers. Generics are typically favored due to lower costs.
- Drug Shortages: While currently not a significant issue for Risperidone oral solution, any unforeseen supply chain disruptions or manufacturing problems could lead to temporary price increases due to scarcity.
- Demand Fluctuations: Changes in prescribing patterns, the introduction of new therapeutic alternatives for schizophrenia and bipolar disorder, or shifts in patient demographics could impact demand. However, as a well-established and cost-effective treatment, significant demand shifts are unlikely in the short to medium term.
Price Projections
Based on the current market dynamics, the price for NDC 00173-0824 (Risperidone Oral Solution, 1 mg/mL) is projected to exhibit the following trends:
- Next 1-2 Years: A modest decrease of 1-3% per year is anticipated, driven by continued generic competition and standard market pressures.
- Next 3-5 Years: Price stabilization is more likely, with minor fluctuations of +/- 2% annually. The market will likely be saturated, and price competition will have reached a level of equilibrium among major suppliers. Significant price increases are improbable unless unforeseen market events occur.
Projected AWP per mL (Indicative):
| Year | Projected AWP per mL |
|---|---|
| 2024 | $2.20 |
| 2025 | $2.17 |
| 2026 | $2.15 |
| 2027 | $2.14 |
| 2028 | $2.13 |
Note: These projections are based on prevailing market conditions and established trends. Actual prices may vary.
Key Takeaways
- NDC 00173-0824 is Teva Pharmaceuticals' Risperidone Oral Solution, 1 mg/mL, an established generic antipsychotic.
- The market is characterized by high generic competition due to expired patents and multiple manufacturers.
- Historical pricing data shows a consistent downward trend in Average Wholesale Price (AWP) over the past five years.
- Future pricing is expected to remain stable with a slight downward bias, projecting a 1-3% annual decrease in the next 1-2 years, followed by stabilization.
- Key drivers of pricing will continue to be generic competition, manufacturing costs, and payer reimbursement policies.
Frequently Asked Questions
-
What is the primary indication for Risperidone Oral Solution? Risperidone Oral Solution is primarily indicated for the treatment of schizophrenia and bipolar disorder [2].
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How does Teva Pharmaceuticals' Risperidone Oral Solution compare to the branded version, Risperdal? As a generic product, Teva's Risperidone Oral Solution is required to be bioequivalent to the branded Risperdal. This means it contains the same active ingredient, dosage form, strength, and route of administration and is expected to have the same clinical effect [3].
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Are there any known manufacturing issues or recalls associated with NDC 00173-0824? As of the latest available public records, there are no widespread, ongoing manufacturing issues or recalls specifically impacting Teva's Risperidone Oral Solution 1 mg/mL (NDC 00173-0824). However, individual product recalls can occur for specific batches due to quality control deviations [4].
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What is the typical package size for NDC 00173-0824? While multiple package sizes can exist for generic products, a common presentation for Teva's Risperidone Oral Solution 1 mg/mL is a 30 mL bottle (NDC 00173-0824-30) [1].
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Can pricing be negotiated for large volume purchases of this product? Yes, for institutional buyers such as hospitals, long-term care facilities, or government entities, significant price negotiations and volume-based discounts are standard practice. These agreements typically involve direct contracts with manufacturers or their distributors.
Citations
[1] Teva Pharmaceuticals USA, Inc. (n.d.). Teva Pharmaceuticals Product Catalog. Retrieved from manufacturer's product listing or authorized distributor database. [2] U.S. National Library of Medicine. (n.d.). Risperidone. DailyMed. Retrieved from https://dailymed.nlm.nih.gov/dailymed/drugInfo.cfm?setid=3e0404a4-d354-4e1b-a94d-85b0530c9e01 [3] U.S. Food and Drug Administration. (2020, May 20). Abbreviated New Drug Applications (ANDAs) Modernization. Retrieved from https://www.fda.gov/drugs/news-events-human-drugs/abbreviated-new-drug-applications-andas-modernization [4] U.S. Food and Drug Administration. (n.d.). Drug Shortages. Retrieved from https://www.fda.gov/drugs/drug-shortages
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