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Last Updated: February 10, 2025

Drug Price Trends for NDC 10702-0001


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Average Pharmacy Cost for 10702-0001

Drug Name NDC Price/Unit ($) Unit Date
LOMAIRA 8 MG TABLET 10702-0001-09 0.56491 EACH 2025-01-22
LOMAIRA 8 MG TABLET 10702-0001-09 0.56483 EACH 2024-12-18
LOMAIRA 8 MG TABLET 10702-0001-09 0.56501 EACH 2024-11-20
LOMAIRA 8 MG TABLET 10702-0001-09 0.56632 EACH 2024-10-23
LOMAIRA 8 MG TABLET 10702-0001-09 0.56602 EACH 2024-09-18
LOMAIRA 8 MG TABLET 10702-0001-09 0.56588 EACH 2024-08-21
LOMAIRA 8 MG TABLET 10702-0001-09 0.56887 EACH 2024-07-17
>Drug Name >NDC >Price/Unit ($) >Unit >Date

Best Wholesale Price for NDC 10702-0001

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 NDC: 10702-001

Introduction

The pharmaceutical market is complex and influenced by various factors, including regulatory changes, competition from generics and biosimilars, and global economic trends. This analysis will focus on the market dynamics and price projections for the drug identified by the NDC code 10702-001, which corresponds to Lomaira, a prescription drug manufactured by KVK-Tech, Inc.

Current Market Trends

Prescription Drug Pricing

Prescription drug pricing is a highly dynamic and often opaque field. The prices of drugs are typically based on the Average Wholesale Price (AWP) minus discounts negotiated by Pharmacy Benefit Managers (PBMs)[2].

  • Average Wholesale Price (AWP): AWP has consistently increased over the years, with 84.1% of AWP changes resulting in price increases since 2000. However, the National Average Drug Acquisition Cost (NADAC) is seen as a more accurate reflection of retail pharmacy costs and has decreased by as much as 44% over a five-year period for generics[2].

Generic and Brand Drug Pricing

  • Generic Drugs: The analysis by the Maine Health Data Organization (MHDO) shows that the Wholesale Acquisition Cost (WAC) for generic drugs generally decreased in 2021, with an average percent decrease of -49.40% for those drugs that saw price changes. This trend indicates that generic drugs are becoming more affordable[1].
  • Brand Drugs: In contrast, the WAC for brand drugs has increased, with most categories seeing rises similar to previous years. This increase is a concern for many, as it contributes to higher healthcare costs[1].

Specifics of Lomaira (NDC: 10702-001)

Product Overview

Lomaira is a prescription drug used for weight management and is available in tablet form. It is manufactured by KVK-Tech, Inc.[5].

Pricing Dynamics

  • Wholesale Acquisition Cost (WAC): The WAC for Lomaira would need to be compared against other drugs in its class to understand its pricing dynamics. Given the trend of decreasing WAC for generic drugs, if Lomaira has a generic equivalent, it is likely that the prices would be lower compared to brand-name counterparts[1].
  • Discounts and Rebates: The actual cost to payers can be significantly lower due to discounts and rebates negotiated by PBMs. For example, the MHDO analysis showed that the cost to payers for generic drugs was significantly lower than for brand-name drugs, with an average net cost reduction of 50.93% when generic products were dispensed[1].

Regulatory and Market Factors

Regulatory Changes

  • Inflation Reduction Act: This act has significant implications for the pharmaceutical industry, particularly in the United States. It aims to control drug prices and could impact the pricing strategy for drugs like Lomaira[3].
  • Global Regulatory Changes: Changes in regulations, especially in Europe, and geopolitical uncertainties can also affect drug pricing and availability. Companies are preparing for these changes, which could influence market dynamics[3].

Competition from Generics and Biosimilars

  • Generic Competition: The entry of generic versions of drugs can significantly reduce prices. For instance, the MHDO report noted that generic NDCs were priced lower than brand equivalents, with an average year-end generic discount from brand WAC of 62.26%[1].
  • Biosimilars: While Lomaira is not a biologic, the trend of increasing biosimilar competition in the market can influence overall pricing strategies for pharmaceutical companies[3].

Price Projections

Short-Term Projections

  • Given the current trends, if Lomaira has a generic equivalent, it is likely that the prices will decrease. The MHDO data suggests that generic drugs have seen significant price reductions, which could apply to Lomaira if it faces generic competition[1].

Long-Term Projections

  • Regulatory Impact: The Inflation Reduction Act and other regulatory changes could lead to more controlled price increases or even reductions in the long term. This would be beneficial for consumers but could impact the revenue of pharmaceutical companies[3].
  • Market Competition: As more generics and biosimilars enter the market, the pricing pressure on brand-name drugs will increase. This competition is likely to drive prices down over the long term[3].

Key Takeaways

  • Pricing Trends: Generic drugs are seeing significant price reductions, while brand drugs continue to experience price increases.
  • Regulatory Impact: Regulatory changes, such as the Inflation Reduction Act, are likely to influence drug pricing.
  • Market Competition: Increased competition from generics and biosimilars will continue to drive prices down.
  • Actual Costs: Discounts and rebates can significantly reduce the actual cost to payers.

FAQs

  1. What is the current trend in prescription drug pricing?

    • Prescription drug pricing is complex, with AWP consistently increasing, but NADAC prices for generics have been decreasing.
  2. How do generic drugs impact the pricing of brand-name drugs?

    • Generic drugs are generally priced lower than brand-name drugs, with an average year-end generic discount from brand WAC of 62.26%[1].
  3. What is the impact of the Inflation Reduction Act on drug pricing?

    • The Inflation Reduction Act aims to control drug prices, which could lead to more controlled price increases or reductions in the long term[3].
  4. How do regulatory changes affect the pharmaceutical market?

    • Regulatory changes can influence pricing strategies, availability, and the overall market dynamics of pharmaceuticals[3].
  5. What role do PBMs play in drug pricing?

    • PBMs negotiate discounts and rebates, which can significantly reduce the actual cost to payers for prescription drugs[2].

Sources

  1. MHDO Rx Transparency Report - Maine Health Data Organization
  2. Spotlight on Prescription Drug Pricing in Q1 2024 Trends - Segal
  3. 2025 Life Sciences Executive Outlook - Deloitte Insights
  4. International Market Size and Prices - ASPE
  5. NDC Package 10702-001-09 Lomaira Tablet Oral - NDC List

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