Understanding the NDC Code
The National Drug Code (NDC) 00378-6688 is a unique identifier for Pantoprazole Sodium delayed-release tablets, specifically the 20 mg formulation packaged by Mylan Pharmaceuticals Inc. This code is crucial for identifying the drug, its manufacturer, and the packaging details[1].
Drug Overview
Pantoprazole Sodium is a proton pump inhibitor (PPI) used to treat conditions such as gastroesophageal reflux disease (GERD), Zollinger-Ellison syndrome, and other conditions involving excessive stomach acid. The drug is available in various package sizes and strengths, each with its own NDC code[5].
Market Trends in the Pharmaceutical Industry
The pharmaceutical industry is undergoing significant transformations, driven by trends such as prevention, personalization, and prediction. These trends are shifting the focus towards data-driven, customized treatments and early intervention to improve health outcomes[3].
Pricing Dynamics
Drug pricing is a complex and dynamic field, influenced by various factors including regulatory policies, market competition, and economic conditions. For example, the median price increase for brand name drugs was 13.4% in 2022, which can serve as a benchmark for future price adjustments[2].
Historical Price Data
To understand the pricing trend for Pantoprazole Sodium (NDC 00378-6688), we need to look at historical price data. While specific historical prices for this NDC are not provided in the sources, the general trend in drug pricing can give us some insights. Prices for generic drugs like Pantoprazole Sodium often fluctuate based on market demand, competition, and production costs.
Current Pricing
As of the latest available data, prices for similar generic medications can vary significantly. For instance, prices for another medication (Imatinib Mesylate) have shown fluctuations over the past year, ranging from $0.40760 to $0.66780 per unit[2]. This variability highlights the need for real-time pricing data to make accurate projections.
Real-Time Market Intelligence
Tools like Komodo Health's National Drug Projections provide real-time market intelligence on prescription trends and market share. This platform offers insights into prescription volume, units dispensed, and new patient starts, which are crucial for forecasting and strategic planning in the pharmaceutical industry[4].
Application of Real-Time Data
For a drug like Pantoprazole Sodium, real-time data can help in several ways:
- Revenue Forecasts: Accurate projections of prescription volumes and market share enable better revenue forecasting.
- Market Share Tracking: Real-time data helps in tracking the competitive landscape and adjusting strategies to maximize market share.
- Resource Allocation: Insights into prescription trends can optimize resource allocation, including marketing and sales efforts.
Price Projections
Given the dynamic nature of drug pricing, projections must consider multiple factors:
Regulatory Environment
Changes in regulatory policies can significantly impact drug prices. For example, new policies under the incoming administration could affect tariffs, taxes, and M&A oversight, all of which can influence pricing[3].
Market Competition
The presence of generic competitors and biosimilars can drive prices down. For Pantoprazole Sodium, the availability of multiple generic versions can lead to competitive pricing pressures.
Economic Conditions
Economic factors such as inflation, production costs, and global supply chain disruptions can also influence drug prices.
Key Takeaways
- NDC Code Importance: The NDC code is essential for identifying drugs, ensuring correct billing, and controlling drug costs.
- Market Trends: The pharmaceutical industry is moving towards prevention, personalization, and prediction, which can impact drug pricing and market strategies.
- Real-Time Data: Tools like Komodo Health's National Drug Projections are vital for real-time market intelligence and strategic decision-making.
- Pricing Dynamics: Drug prices are influenced by regulatory policies, market competition, and economic conditions.
FAQs
What is the NDC code for Pantoprazole Sodium 20 mg tablets?
The NDC code for Pantoprazole Sodium 20 mg delayed-release tablets is 00378-6688.
How do market trends affect drug pricing?
Market trends such as prevention, personalization, and prediction can influence drug pricing by shifting focus towards customized treatments and early intervention, which can impact demand and pricing strategies.
What role does real-time market intelligence play in drug pricing?
Real-time market intelligence helps in tracking prescription trends, market share, and competitive landscapes, enabling better revenue forecasting, resource allocation, and strategic decision-making.
How do regulatory changes impact drug prices?
Regulatory changes can affect tariffs, taxes, and M&A oversight, all of which can influence drug prices and market strategies.
What are the key factors influencing drug price projections?
Key factors include regulatory environment, market competition, economic conditions, and real-time market intelligence.
Sources
- AAPC: NDC Code Lookup - CPT/HCPCS Cross-Reference
- DrugPatentWatch: Latest drug prices and trends for NDC 00378-2245
- PwC: Pharma industry trends: PwC
- BusinessWire: Komodo Health Launches National Drug Projections
- DailyMed: Label: PANTOPRAZOLE SODIUM tablet, delayed release
Last updated: 2025-01-09
