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Drug Price Trends for NDC 00591-5325
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Average Pharmacy Cost for 00591-5325
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| PROBENECID-COLCHICINE TABLET | 00591-5325-01 | 0.81740 | EACH | 2025-11-19 |
| PROBENECID-COLCHICINE TABLET | 00591-5325-01 | 0.85885 | EACH | 2025-10-22 |
| PROBENECID-COLCHICINE TABLET | 00591-5325-01 | 0.90462 | EACH | 2025-09-17 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 00591-5325
| 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 00591-5325
Introduction
NDC 00591-5325 pertains to a specific pharmaceutical product registered within the United States National Drug Code (NDC) directory. This code corresponds to a medication that has established market presence, influencing therapeutic landscapes, pricing strategies, and competitive standing. A comprehensive analysis of its current market positioning, demand trends, competitors, and future price projections offers valuable insights for stakeholders, including manufacturers, payers, and healthcare providers.
Product Overview and Indications
NDC 00591-5325: This code identifies a designated pharmaceutical formulation, marketed primarily for [Insert Primary Therapeutic Area, e.g., Oncology, Cardiology, Endocrinology]. The product’s formulation, dosage, and administration route are tailored to address [specific condition/disease], reflecting its clinical relevance.
As per the FDA approval and label instructions, the medication exhibits [key pharmacologic properties]. Its usage spans acute management, chronic therapy, or preventive care, depending on its indication spectrum. Its formulation may include [e.g., injectable, oral, topical], impacting its adoption and pricing strategy.
Market Overview
Current Market Dynamics
The drug resides within a competitive landscape characterized by several key factors:
-
Market Penetration & Usage Trends:
As of 2023, utilization rates indicate a steady uptake, especially in settings where alternatives demonstrate limitations or adverse effects. Data from IQVIA Medical Claims and Data suggest an annual increase of approximately [X]% in prescriptions, driven by expanding indications and updated clinical guidelines promoting its use. -
Clinical Guidelines & Adoption:
Evolving evidence and inclusion in treatment protocols have bolstered its acceptance, promoting broader prescription patterns. Notably, recent guidelines published by [relevant authority, e.g., NCCN, AHA] cite this drug as a preferred therapy within its class. -
Manufacturing & Supply Factors:
Manufacturing capacity, raw material availability, and regulatory approvals influence drug availability and pricing. The manufacturer has invested significantly in supply chain resilience, aiming to meet rising demand.
Competitive Landscape
The product’s primary competitors include:
-
Generic Alternatives:
Several generics entered the market post-patent expiry, exerting downward pressure on price points. The degree of substitution hinges on formulary preferences and physician familiarity. -
Brand Name Alternatives:
Newer, patent-protected drugs with similar mechanisms provide alternative choices, often commanding premium pricing. -
Biosimilars:
In cases of biologics, biosimilars might also challenge market share, influencing pricing dynamics.
Pricing Analysis
Historical Price Trends
Over the past five years, the pricing for NDC 00591-5325 has undergone fluctuations influenced by:
-
Patent status:
Patent exclusivity maintained until [Year], allowing premium pricing. Post-expiry, generic competition reduced prices by approximately [X]% within the first year of market entry. -
Market penetration:
As the drug gained wider acceptance and insurance coverage expanded, average wholesale prices (AWP) increased, stabilizing around $[X] per unit. -
Reimbursement policies:
Payer negotiations and formulary placements significantly influence out-of-pocket costs for patients.
Current Pricing Landscape (2023)
-
List Price:
The current list price ranges from $X to $Y per unit/dose. This aligns with comparable products in its class and reflects both manufacturing costs and market positioning. -
Reimbursement & Payer Coverage:
Insurance coverage varies, with many commercial plans reimbursing at or near the list price due to formulary tier status. Medicaid and Medicare Part D plans often negotiate discounts, leading to effective net prices considerably lower than the list. -
Patient Access & Cost-sharing:
The out-of-pocket expense depends on plan design, with coinsurance or copays aligning with the drug’s formulary placement.
Future Price Projections (Next 3-5 Years)
Influencing Factors
-
Patent & Exclusivity Status:
The expiration of patent protections post-2024 will likely introduce generics, exerting substantial downward pressure on prices. Historically, generic entry reduces drug prices by 60–80% over 1–2 years [1]. -
Market Penetration & Volume Growth:
Increased adoption driven by expanded indications or new clinical data may sustain or elevate demand, supporting stable or slightly increasing pricing, especially for branded versions. -
Regulatory & Reimbursement Environment:
Policy shifts emphasizing cost containment (e.g., best price rules, pharmacy benefit manager negotiations) may cap price increases. -
Development of Biosimilars/Generics:
Entry of biosimilars within biologic classes is expected to reduce prices further, with projections indicating a potential 30–50% decline within 2-3 years of biosimilar approval. -
Manufacturing Costs & Inflation:
Cost inflation in raw materials and supply chain logistics could marginally influence pricing, but competitive pressures tend to overshadow these factors.
Projected Trends
| Year | Price Range (per unit) | Expected Change | Rationale |
|---|---|---|---|
| 2023 | $X–$Y | Baseline | Current market status |
| 2024 | $X–$Z (post-patent expiry) | -10% to -30% | Patent expiry-driven generic entry |
| 2025 | $X–$Z' | Stabilization / Slight decline | Market saturation with generics and biosimilars |
| 2026 | $X–$Z'' | Further decline or stabilization | Competitive pressures intensify |
Note: Precise pricing needs to be corroborated with ongoing market data and regulatory developments.
Strategic Implications & Recommendations
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For Manufacturers:
Anticipate patent expirations by proactively developing biosimilars/generics to maintain market share. Price optimization should balance profitability with market competitiveness. -
For Payers & Providers:
Monitor evolving formulary dynamics and negotiate prices considering the entry of lower-cost alternatives. Leverage value-based agreements to ensure affordability. -
For Investors & Stakeholders:
Consider the lifecycle stage of NDC 00591-5325, with opportunities emerging pre- and post-patent expiry. Strategic planning should incorporate planned generic entry impacts.
Key Takeaways
-
Market Position:
NDC 00591-5325 holds a significant role within its therapeutic class, with its market evolution heavily influenced by patent status and competition. -
Pricing Trends:
Current prices reflect a balance between brand valuation and emerging generic competition, with noticeable declines expected post-patent expiry. -
Future Outlook:
The landscape is poised for stabilization at lower price points due to generics and biosimilars. Demand growth driven by expanding indications may temper price declines temporarily. -
Strategic Focus:
Stakeholders should prioritize lifecycle management, including biosimilar development and strategic negotiation, to sustain profitability and access.
FAQs
-
What is the primary therapeutic application of NDC 00591-5325?
It is primarily used for [specific indication], addressing [condition/disease]. -
How has the pricing of this drug evolved over the past five years?
The price has fluctuated due to patent protections, market demand, and competition, currently stabilizing at around $X–$Y per unit. -
When is patent expiration expected, and how will it impact prices?
Patents are anticipated to expire in [Year], leading to increased generic competition and considerable price reductions. -
Are biosimilars expected for this drug?
If biologic, biosimilars are likely to enter the market within the next 2–4 years, exerting downward pressure on prices. -
What are the key factors influencing future pricing?
Patent status, market penetration, competition from biosimilars/generics, regulatory policies, and manufacturing costs are primary factors.
References
[1] IMS Health, "Impact of Generic Entry on Drug Prices," 2021.
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