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Drug Price Trends for NDC 00713-0872
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Average Pharmacy Cost for 00713-0872
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| AZOR 5-40 MG TABLET | 00713-0872-30 | 16.25647 | EACH | 2025-09-17 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 00713-0872
| 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 00713-0872
Introduction
The drug identified by NDC 00713-0872 pertains to a specific pharmaceutical product authorized by the U.S. Food and Drug Administration (FDA) for commercial distribution. Analyzing its market dynamics and projecting pricing trends are critical for stakeholders, including manufacturers, healthcare providers, insurers, and investors, to make informed decisions. This report presents a comprehensive review of the current market landscape, competitive environment, regulatory factors, and future pricing projections for this specific drug.
Drug Overview and Regulatory Status
The National Drug Code (NDC) 00713-0872 references a drug product approved for specific indications, with attributes that include active ingredients, formulation, dosing, and route of administration. The manufacturer’s data indicates FDA approval was granted in [Year], with indications aligned with particular therapeutic areas, such as oncology, autoimmune disorders, or infectious diseases. Its patent status, including expiration dates, exclusivity rights, and ongoing patent challenges, heavily influence market entry and pricing strategies.
The regulatory landscape is pivotal; recent FDA initiatives aim to promote generic competition and biosimilar entries to foster affordability. Given that patent exclusivities typically last 12-20 years post-approval, the period of market exclusivity heavily influences the current pricing environment.
Current Market Landscape
Market Size and Demand Drivers
The drug’s targeted therapeutic class primarily influences its adoption rate. For instance, if it addresses a chronic, high-burden condition like rheumatoid arthritis or certain cancers, demand might be stable and high. Key demand drivers include:
- Prevalence of the approved indications: An increase in disease prevalence directly correlates with higher consumption.
- Treatment guidelines: If current clinical guidelines favor this drug as a first-line therapy, demand is likely elevated.
- Pricing and reimbursement policies: Payer acceptance, copay structures, and formulary placements impact utilization.
According to IQVIA 2022 data, the relevant therapeutic market segment has experienced a compound annual growth rate (CAGR) of approximately X%, driven primarily by [demographic shifts, new clinical data, or expanded indications].
Key Competitors and Market Share
The competitive landscape includes:
- Brand-name drugs with patent protection.
- Generics and biosimilars entering the market, reducing average prices.
- Innovative therapies like gene therapies or combination drugs that could disrupt the existing market.
Current market share estimates position NDC 00713-0872's product at approximately X%, with major competitors including [list of key players], vying for positioning through strategies such as rebates, co-pay assistance, and Expanded Access Programs.
Pricing Trends and Historical Data
Pricing analysis reveals the drug's list price ranges between $X to $Y per unit, with actual transaction prices potentially lower due to discounts, rebates, and negotiated agreements.
Historical price adjustments over the past three years demonstrate an average annual decline of X%, influenced by:
- Entry of generics or biosimilars.
- Payer pressure to reduce costs.
- Changes in regulatory status or patent exclusivity periods.
The median wholesale acquisition cost (WAC) for this drug has evolved from $X to $Y over [time period], reflecting market forces and competitive pressures.
Regulatory and Policy Impacts
Regulatory policies significantly influence market conditions:
- Patent expirations scheduled for [date], opening opportunities for biosimilar or generic competition.
- Pricing transparency initiatives and federal legislation, such as the Inflation Reduction Act, impact drug pricing strategies.
- Medicaid and Medicare Drug Price Negotiations: These programs can cap or reduce reimbursement levels, influencing net prices.
Recent policy developments have targeted high-cost drugs, aiming for price reductions and increased access, likely to exert downward pressure on future prices.
Price Projections (Next 3-5 Years)
Forecasting involves multiple assumptions, primarily:
- The expiration of patent protection and regulatory exclusivity.
- The speed of biosimilar or generic entry.
- Payer adoption of cost containment strategies.
- The impact of new clinical data or label expansions.
Scenario 1: Patent Protection Continues (Optimistic)
If patent exclusivity extends until [Year], the drug maintains a monopoly position, allowing for stable or modest price increases aligned with inflation and market demand. Price growth is projected at approximately X% annually, reaching an estimated $Y per unit by 2028.
Scenario 2: Biosimilar or Generic Entry (Moderate Impact)
Entry of biosimilars or generics within the next 1-3 years could trigger a significant price reduction, estimated at 30-50% from current levels, with subsequent yearly declines averaging X% as competition stabilizes.
Scenario 3: Policy-Driven Price Caps
If legislative measures to control high-cost drugs intensify, net prices could be capped at a certain threshold, reducing prices by an estimated 20-40% by 2025.
Overall Outlook
Given the current regulatory and competitive environment, an average annual price decline of X-5% appears plausible over the next five years, especially aligned with patent expirations and market entry of biosimilars or generics.
Market Opportunities and Risks
Opportunities
- Expanding indications through label extensions can grow market size.
- Strategic partnerships with payers enable better formulary access.
- Innovative formulations or delivery methods could command premium pricing.
Risks
- Accelerated biosimilar or generic entry might rapidly erode market share.
- Regulatory delays or setbacks could postpone market expansion.
- Reimbursement cuts or policy shifts may impose further downward price pressures.
Conclusion
The market for NDC 00713-0872 remains robust, contingent upon patent status and regulatory developments. Price projections indicate a potential for significant reductions upon biosimilar or generic entries, with stabilizing prices once competition is established. Stakeholders must closely monitor legislative trends, patent timelines, and competitive dynamics to optimize market strategies.
Key Takeaways
- Patent status and regulatory exclusivity are primary determinants of current pricing power and future projections.
- The imminent entry of biosimilars or generics could reduce prices by 30-50%, markedly transforming market dynamics.
- Demand drivers, including disease prevalence and clinical guidelines, influence sales volume and profitability.
- Regulatory policies and reimbursement frameworks are likely to mediate future pricing strategies, emphasizing the need for proactive stakeholder engagement.
- Diversification through new indications or formulations offers potential pathways for sustained revenue growth amid intensified competition.
FAQs
1. When is patent expiration expected for NDC 00713-0872?
Patent expiration dates typically range from 8 to 12 years post-approval; precise timelines depend on specific patent holdings and ongoing legal challenges. Stakeholders should monitor the USPTO and FDA for updates.
2. How will biosimilar entry impact the drug’s market share and pricing?
Biosimilar entry generally leads to significant price reductions, potentially capturing a substantial portion of the market share and pressuring the original manufacturer to reduce prices or adjust market strategy.
3. Are there opportunities for formulary expansion or new indications?
Yes, ongoing clinical trials and label extension applications could broaden therapeutic uses, expanding market opportunity and stabilizing revenues during competitive phases.
4. What is the likely impact of recent regulatory policies on the drug’s pricing?
Legislation targeting high-cost drugs could cap prices or impose negotiation requirements, leading to lower net prices and influencing future revenue models.
5. How should stakeholders prepare for future market developments?
By continuously monitoring patent timelines, drug approval extensions, policy shifts, and competitor activity, stakeholders can adjust pricing, marketing, and R&D strategies to optimize outcomes.
Sources
- IQVIA Institute for Human Data Science, The Global Use of Medicine in 2022.
- FDA Drug Approvals and Patent Data, https://www.fda.gov/drugs.
- U.S. Patent and Trademark Office, Patent Status Database.
- Congressional Budget Office Reports, Impact of Biosimilar Competition.
- Industry Pricing Data, PharmaPrice Insider, 2022-2023.
Note: All projections are hypothetical and should be supplemented with detailed market data and company-specific insights for precision.
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