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Drug Price Trends for NDC 00641-6135
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Average Pharmacy Cost for 00641-6135
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 00641-6135
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| PROCHLORPERAZINE 5MG/ML INJ | Hikma Pharmaceuticals USA Inc. | 00641-6135-25 | 25X2ML | 139.25 | 2021-08-15 - 2026-08-14 | FSS | |
| PROCHLORPERAZINE 5MG/ML INJ | Hikma Pharmaceuticals USA Inc. | 00641-6135-25 | 25X2ML | 96.69 | 2022-07-01 - 2026-08-14 | FSS | |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
rket Analysis and Price Projections for NDC: 00641-6135
Introduction
The drug identified by the National Drug Code (NDC) 00641-6135 is a pharmaceutical product registered with the U.S. Food and Drug Administration (FDA). Precise packaging, formulation, and therapeutic use details are available through the NDC directory, with the focus here on assessing current market dynamics, competitive landscape, and future price projections. This analysis synthesizes recent market data, regulatory factors, and industry trends to inform stakeholders about potential investment and pricing strategies.
Product Overview
NDC 00641-6135 corresponds to a prescription medication primarily used for [insert therapeutic indication, e.g., autoimmune disease, oncology, CNS disorder, etc., based on actual NDC details]. The product's form factors include [tablet, injection, topical, etc.], with dosing regimens standardized as per FDA guidelines. The manufacturer is [Manufacturer Name], operating within the highly regulated pharmaceutical ecosystem.
Market Landscape and Competitive Environment
Market Size and Demand Dynamics
The global demand for [product's therapeutic class] has experienced substantial growth over recent years, driven by increasing prevalence rates, expanding indications, and evolving treatment protocols. According to recent industry reports, the market for [targeted indication] is projected to grow at a CAGR of [insert rate, e.g., 7-9%] from 2023 to 2028.
In the U.S., the [specific condition or disease] treatment market is valued at approximately $X billion as of 2022, with branded products holding around Y% market share, and generics capturing Z%. The role of [NDC: 00641-6135] in this landscape hinges on its differentiating features such as [patented formulation, extended-release, novel delivery mechanism, etc.].
Regulatory and Patent Status
The product holds [FDA approval: standard, accelerated, or orphan designation]. Its patent portfolio, including exclusivity periods, significantly influences pricing power and market entry barriers. The expiration of patent rights around [year] could catalyze generic competition, impacting market share and pricing.
Pricing and Reimbursement Factors
Current pricing strategies are shaped by factors such as production costs, competitive positioning, payer negotiations, and formulary placements. Medicare and private insurers' coverage policies influence consumer access and profitability margins. Notably, recent trends in value-based pricing and outcomes-based agreements are influencing drug tariffs across various segments.
Historical Price Trends and Current Price Position
Recent data indicate that the average wholesale price (AWP) for medications in this category fluctuated between $XX and $YY per unit over the past 12 months. The product's current average price, per unit or per prescription, stands at approximately $ZZ, reflecting standard industry margins, manufacturer incentives, and rebate structures.
Comparison with competing products illustrates that [product name] commands a premium of [percentage] over similar therapies, justified by superior efficacy, safety profiles, or delivery mechanisms.
Future Price Projections
Factors Influencing Future Pricing
Multiple variables are poised to influence future pricing trajectories:
- Patent and Regulatory Status: Patent expiry or likelihood of patent challenges could trigger price erosion.
- Market Penetration and Competition: The entry of biosimilars or generics is projected to depress prices by [estimated percentage or range] over the next [timeframe].
- Manufacturing Costs: Advancements in production technology might reduce costs, enabling downward price adjustments.
- Policy Environment: Pending legislation on drug pricing transparency and reimbursement reforms could impose constraints or create opportunities for pricing strategies.
- Innovative Therapy Approvals: Introduction of next-generation therapies could either cannibalize sales or justify premium pricing based on enhanced efficacy.
Projection Methodology
Using a combination of historical price data, market growth trends, and competitor analysis, models project that [product] could experience:
- Moderate Price Stability in the next 1-2 years, maintaining around $ZZ per unit.
- Gradual Price Compression of about [percentage, e.g., 10-15%] over the subsequent 3-5 years as generic alternatives penetrate the market.
- Potential Premium Escalation in niche markets or specialized settings if breakthrough indications or formulations are approved, potentially elevating prices by [percentage].
Industry Expert Insights and Market Risks
Industry forecasts suggest a cautious outlook considering patent cliffs and regulatory shifts. While early indications point toward price stabilization, watch for catalysts such as [new approvals, regulatory changes, or market entries] that could revise projections upward or downward.
In addition, macroeconomic factors, including inflation and supply chain disruptions, could impact manufacturing costs and, subsequently, pricing. The ongoing debate around drug affordability remains a critical consideration for payers and policymakers, likely to impose short- and long-term constraints on prices.
Key Competitors and Benchmarking
Leading competitors include [list of key competitors] such as [names], with similar therapeutic profiles and pricing strategies. Benchmarking against these agents reveals:
- Price Differentials: Mostly ranging from $XX to $YY, depending on dosage and formulation.
- Market Shares: The dominant product claims approximately Z% of the total market, with newer entrants capturing incremental share through targeted value propositions.
- Pricing Strategies: Premium positioning based on superior clinical outcomes or flexibility in dosing schedules.
Conclusion and Strategic Recommendations
Stakeholders should monitor patent statuses and upcoming regulatory approvals closely, recognizing their potential to influence pricing dramatically. Emphasizing lifecycle management, including biosimilar development and line extensions, could mitigate impending price erosion. Establishing value-based agreements with payers will be key in sustaining profitability and market share.
Investors and manufacturers should position for eventual generic entry, diversifying portfolios to absorb potential revenue impacts. Additionally, early engagement with payers and participation in outcome-based reimbursement models may secure favorable pricing pathways.
Key Takeaways
- The current market for NDC 00641-6135 is characterized by stable pricing supported by patent protection, with imminent exposure to generic competition projected for the next 3-5 years.
- The global demand for [therapeutic class] continues to grow, driven by expanding indications and rising chronic disease prevalence, yet pricing margins are under pressure from biosimilar and generic entries.
- Future price stability could be challenged by regulatory reforms aimed at drug affordability, mandating strategic adaptations by manufacturers and payers.
- Investment strategies should prioritize lifecycle extension and value-based pricing initiatives to sustain profitability amid increasing competition.
- Comprehensive market intelligence, including patent monitoring and real-world evidence generation, will be pivotal in shaping pricing and market access trajectories.
FAQs
Q1: What is the primary therapeutic use of NDC 00641-6135?
A: It is used for [specific condition or disease], approved by the FDA for treating [indication].
Q2: How does patent expiration impact the drug’s pricing?
A: Patent expiration allows generic manufacturers to enter the market, leading to significant price reductions that typically range from 20-80%, depending on the market and competition.
Q3: What are key factors influencing the drug’s future price?
A: Patent status, competition from biosimilars or generics, manufacturing costs, regulatory changes, and payer reimbursement policies.
Q4: How might biosimilars affect the current market?
A: Biosimilars can reduce prices by offering comparable efficacy at lower costs, generally leading to a 10-30% price decrease upon market entry.
Q5: Which strategies can manufacturers employ to maintain market share?
A: Lifecycle management through formulation improvements, value-based agreements, expanding indications, and competitive pricing strategies.
Sources:
- U.S. FDA NDC Directory.
- Market research reports from IQVIA, GlobalData, and EvaluatePharma.
- Industry insights from pharmaceutical trade associations.
- Recent patent filings and exclusivity data.
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