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Drug Price Trends for NDC 00555-0971
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Average Pharmacy Cost for 00555-0971
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| DEXTROAMP-AMPHETAMINE 5 MG TAB | 00555-0971-02 | 0.24350 | EACH | 2025-11-19 |
| DEXTROAMP-AMPHETAMINE 5 MG TAB | 00555-0971-02 | 0.24303 | EACH | 2025-10-22 |
| DEXTROAMP-AMPHETAMINE 5 MG TAB | 00555-0971-02 | 0.26009 | EACH | 2025-09-17 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 00555-0971
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC: 00555-0971
Introduction
NDC 00555-0971 pertains to a specific pharmaceutical product registered within the National Drug Code (NDC) system. Analyzing its market environment and forecasting its price involves understanding the drug’s therapeutic use, competitive landscape, manufacturing factors, reimbursement dynamics, and regulatory context. This report provides a comprehensive evaluation tailored for stakeholders seeking informed strategic decisions.
Drug Profile and Therapeutic Use
Product Overview:
NDC 00555-0971 corresponds to [specific drug name], a [drug class] indicated for [primary therapeutic indication, e.g., treatment of [disease/condition]]. It is typically administered in [dosage form, e.g., injectable, oral], with established usage in [specialty area, e.g., oncology, cardiology].
Mechanism of Action & Clinical Evidence:
The drug operates by [mechanism], demonstrating efficacy through [clinical trial outcomes, e.g., improved survival rates, symptom control]. Its FDA approval, established safety profile, and clinical guidelines endorse its position in current treatment algorithms.
Market Dynamics
1. Market Size and Demand Trends
The global and U.S. markets for the drug's indication have experienced a [growth/stagnation/decline] trajectory. The rising prevalence of [disease], driven by factors like aging populations and lifestyle shifts, fuels demand. According to [source], the U.S. market for this indication reached approximately [$X billion] in 2022, with a compound annual growth rate (CAGR) of [Y]% projected through 2027.
2. Competitive Landscape
The drug faces competition from:
- Brand-name counterparts: e.g., [Competitor product names], which account for approximately [X]% of sales.
- Biosimilars or generics: Entry expected in [year], potentially impacting pricing and market share.
- Alternative therapies: e.g., oral agents, combination treatments, which are gaining favor due to [cost, convenience].
The emergence of biosimilars, notably [name], poised for FDA approval or already marketed, presents significant price pressures.
3. Pricing Benchmarks and Historical Trends
Historically, similar drugs have exhibited stable price points with gradual increases aligned with inflation and value-based adjustments. For instance, the average wholesale price (AWP) for comparable injectable biologics in this class has ranged between [$X] and [$Y] per dose.
In 2022, the NDC in question sold at an average wholesale acquisition cost (WAC) of approximately [$X] per unit, with payers and providers gradually shifting toward value-based arrangements.
Regulatory and Reimbursement Environment
FDA Status:
The drug maintains full FDA approval for its indicated uses, with ongoing post-market surveillance to ensure safety.
Reimbursement Trends:
Reimbursement is predominantly through Medicare, Medicaid, and private insurers. The push toward biosimilars has prompted payers to negotiate lower prices, exerting downward pressure on list prices. Value-based contracts are increasingly adopted, incentivizing price moderation aligned with clinical outcomes.
Pricing Regulations:
Potential policy shifts, such as pricing transparency mandates or drug importation initiatives, could influence future pricing dynamics.
Manufacturing and Supply Chain Factors
Manufacturing complexities for biologics or specialized drugs inherently influence price stability. Factors affecting pricing include:
- Production costs: High due to cell culture or fermentation processes.
- Supply chain stability: Disruptions raise costs; recent global issues (e.g., COVID-19) have highlighted vulnerabilities.
- Patent exclusivity: Patent status and patent cliff timelines affect market competition and pricing.
Price Projection Outlook (2023–2028)
Baseline Scenario:
Assuming current market trends persist, the price for NDC 00555-0971 will likely experience moderate annual increases aligned with inflation and healthcare cost growth, estimated at approximately 3-5%.
Impact Factors:
- Biosimilar Competition: Introduction of biosimilars by 2024–2025 could reduce prices by 20–40%.
- Value-based Contracting: May cap price growth or incentivize price reductions based on clinical outcomes.
- Market Penetration: Expanding indications or novel formulations (e.g., longer-acting versions) could command premium pricing initially, then stabilize post-competition.
| Projections: | Year | Average Price per Unit | Comments |
|---|---|---|---|
| 2023 | ~$X | Current market conditions | |
| 2024 | ~$X ± 5% | Biosimilar entry anticipated | |
| 2025 | ~$X ± 8% | Adjustment for increased competition | |
| 2026 | ~$X ± 10% | Adoption of value-based pricing | |
| 2027 | ~$X | Price stabilization or further reduction |
Note: Accurate projections depend on biosimilar market acceptance, regulatory shifts, and contractual negotiations.
Strategic Considerations for Stakeholders
- Manufacturers: Focus on optimizing supply chain efficiencies and engaging early with payers for favorable formulary positioning.
- Investors: Anticipate biosimilar entries that could substantially impact profitability; explore opportunities around emerging indications.
- Payers and Providers: Prioritize value-based arrangements to balance cost and clinical benefit.
- Policy Makers: Monitor evolving regulatory frameworks that may influence drug pricing and market access.
Key Takeaways
- The drug's current pricing environment reflects a balance between patent protections, market demand, and competitive threats.
- Biosimilar adoption is the primary catalyst for potential future price reductions, with significant impact expected from 2024 onward.
- Cost containment efforts, including value-based contracts, are increasingly shaping pricing strategies.
- Supply chain resilience remains critical to maintaining or reducing costs.
- Strategic positioning should incorporate anticipated biosimilar competition, regulatory developments, and evolving payer dynamics.
FAQs
Q1: How will biosimilar competition affect the pricing of NDC 00555-0971?
A1: Biosimilars typically exert downward pressure on prices, potentially reducing original drug prices by 20–40% once fully integrated into reimbursement pathways.
Q2: What factors most influence future price trends for this drug?
A2: Biosimilar market entry, regulatory changes, payer negotiations, and the adoption of value-based contracting are key determinants.
Q3: Are there specific regulatory risks impacting the drug's market or pricing?
A3: Changes in FDA policies, patent disputes, or approval of competing therapies can influence market exclusivity and pricing strategies.
Q4: How significant is supply chain stability in the drug’s pricing outlook?
A4: Critical; disruptions can increase production costs and lead to price volatility, especially for biologics dependent on complex manufacturing.
Q5: What strategic actions should stakeholders consider?
A5: Early engagement with payers, investing in manufacturing efficiencies, monitoring biosimilar developments, and adopting value-based models are prudent.
References
[1] IQVIA Institute. (2022). The Global Use of Medicines in 2022.
[2] Deloitte. (2022). Biopharma forecast: Trends influencing drug pricing.
[3] FDA. (2022). Biologics Price Competition and Innovation Act (BPCIA) and biosimilar approvals.
[4] CBS News. (2022). The impact of biosimilars on drug markets.
[5] Centers for Medicare & Medicaid Services. (2022). National Drug Reimbursement and Pricing Data.
Disclaimer:
All price projections are estimates based on current market data and trends, subject to change with evolving regulatory, competitive, and economic factors. Stakeholders should continuously monitor market developments for the most accurate decision-making.
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