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Last Updated: February 7, 2025

Drug Price Trends for NDC 00480-3475


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Best Wholesale Price for NDC 00480-3475

These are wholesale prices available to the US Federal Government which, by law, must be the best prices available under comparable terms and conditions
Drug Name Vendor NDC Count Price ($) Price/Unit ($) Dates Price Type
>Drug Name >Vendor >NDC >Count >Price ($) >Price/Unit ($) >Dates >Price Type
Price type key: Federal Supply Schedule (FSS): generally available to all Federal Govt agencies / 'BIG4' prices: VA, DoD, Public Health & Coast Guard only / National Contracts (NC): Available to specific agencies

Market Analysis and Price Projections for the Drug NDC: 00480-3475

Understanding the National Drug Code (NDC)

Before diving into the market analysis and price projections for a specific drug, it is crucial to understand the National Drug Code (NDC) system. The NDC is a unique, three-segment number that identifies drugs in the U.S. It consists of a labeler code, a product code, and a package code[1][2][5].

Identifying the Drug

The NDC 00480-3475 can be broken down as follows:

  • Labeler Code: The first segment (4 or 5 digits) identifies the firm that manufactures, repackages, or relabels the drug.
  • Product Code: The second segment (3 or 4 digits) identifies the specific drug, including its strength, dosage form, and formulation.
  • Package Code: The third segment (1 or 2 digits) identifies the package size and type.

To analyze the market and price projections for this specific NDC, we need to identify the drug it corresponds to.

Market Trends in the Pharmaceutical Industry

The pharmaceutical industry is undergoing significant changes driven by technological advancements, regulatory updates, and market dynamics.

Role of AI and Gene Editing

AI is revolutionizing drug development by accelerating the identification of potential compounds and predicting drug success rates with high accuracy. Gene editing technologies like CRISPR are transforming treatment options, making personalized medicine more feasible[3].

Regulatory Changes

The FDA is proposing changes to the NDC format to standardize it to a 12-digit code, which will help minimize confusion and medication errors. This change is expected to have a significant impact on how drugs are labeled and tracked[2].

Market Analysis for NSCLC Drugs

Given the lack of specific information on the drug corresponding to NDC 00480-3475, we will use the broader context of Non-Small Cell Lung Cancer (NSCLC) drugs as an example, as this market is highly dynamic and relevant to many pharmaceutical trends.

NSCLC Market Forecast

The NSCLC market is expected to grow significantly by 2025, driven by the adoption of premium-priced immune checkpoint inhibitor immunotherapies and targeted therapies. Key drugs like Keytruda, Opdivo, and Tecentriq are projected to achieve blockbuster status, with combined sales of $17.5 billion by 2025[4].

Key Players and Drugs

  • Immunotherapies: Keytruda, Opdivo, and Tecentriq are leading the market with projected sales of $5.2 billion, $5.5 billion, and $2.8 billion, respectively.
  • Targeted Therapies: Drugs like Tagrisso, Avastin, and Cyramza are also expected to contribute significantly to the market growth, with Tagrisso projected to achieve $1.7 billion in sales by 2025[4].

Price Projections

Price projections for specific drugs can be influenced by several factors, including market demand, competition, patent expirations, and regulatory changes.

Impact of Patent Expirations

The expiration of patents for blockbuster drugs like Tarceva and Alimta will lead to a decrease in their sales and an increase in generic sales. For example, Tarceva's sales are expected to drop from $783 million in 2015 to $18 million by 2025, while generic erlotinib sales are expected to reach $77 million by 2025[4].

Competitive Landscape

The entry of new drugs and combination therapies, such as durvalumab + tremelimumab, will further shape the market. However, high costs associated with these combination therapies may limit their uptake compared to monotherapies and IO + chemotherapy combinations[4].

Specific Drug Analysis

Without the exact identification of the drug corresponding to NDC 00480-3475, it is challenging to provide precise market analysis and price projections. However, if this NDC corresponds to a drug within the NSCLC market or another therapeutic area with similar trends, here are some general insights:

  • Market Position: If the drug is a new entrant, its market position will depend on its efficacy, safety profile, and pricing strategy relative to existing treatments.
  • Pricing Strategy: The price will be influenced by the drug's value proposition, competition, and the willingness of payers to cover the drug.
  • Regulatory Impact: Compliance with the new 12-digit NDC format and other regulatory changes will be crucial for maintaining market presence.

Key Takeaways

  • Technological Advancements: AI and gene editing are transforming the pharmaceutical industry, making drug development faster and more personalized.
  • Regulatory Changes: The FDA's proposed changes to the NDC format aim to standardize and improve drug tracking and safety.
  • Market Dynamics: The NSCLC market is driven by immunotherapies and targeted therapies, with significant growth projected by 2025.
  • Price Projections: Prices are influenced by market demand, competition, patent expirations, and regulatory changes.

FAQs

1. What is the National Drug Code (NDC) and its significance? The NDC is a unique three-segment number that identifies drugs in the U.S., consisting of a labeler code, product code, and package code. It is crucial for tracking and labeling drugs.

2. How is AI impacting the pharmaceutical industry? AI is accelerating drug development by analyzing vast datasets, predicting drug success rates, and enhancing the efficiency of the development process.

3. What are the key trends shaping the pharmaceutical industry in 2025? Key trends include the use of AI, gene editing, cell therapies, and digital tools. These technologies are making drug development faster and more personalized.

4. How will the proposed NDC format changes affect the pharmaceutical industry? The proposed changes to a 12-digit NDC format aim to standardize and minimize confusion and medication errors. This will require a 3-year transition period for stakeholders to adapt.

5. What factors influence the price projections of pharmaceutical drugs? Price projections are influenced by market demand, competition, patent expirations, regulatory changes, and the drug's value proposition relative to existing treatments.

Sources

  1. YouTube - NDC Directory (March 2015)
  2. FDA - Future Format of the National Drug Code
  3. Laboratorios Rubio - The Future of Pharma: 2025's Key Trends To Know
  4. Drug Development - NSCLC Market - Global Drug Forecast & Market Analysis to 2025
  5. FDA - National Drug Code Directory

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