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Drug Price Trends for NDC 10702-0007
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Average Pharmacy Cost for 10702-0007
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| CYCLOBENZAPRINE 10 MG TABLET | 10702-0007-10 | 0.01810 | EACH | 2025-11-19 |
| CYCLOBENZAPRINE 10 MG TABLET | 10702-0007-09 | 0.01810 | EACH | 2025-11-19 |
| CYCLOBENZAPRINE 10 MG TABLET | 10702-0007-50 | 0.01810 | EACH | 2025-11-19 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 10702-0007
| 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 10702-0007
Introduction
The drug with National Drug Code (NDC) 10702-0007 is a pharmaceutical product subject to market fluctuations, competitive dynamics, regulatory changes, and evolving prescribing patterns. This document provides a detailed market analysis and price projection for NDC 10702-0007, aiming to equip stakeholders with comprehensive insights for strategic decision-making.
Product Overview
NDC 10702-0007 identifies a specific pharmaceutical agent, typically characterized by its API, formulation, indication, and manufacturer. To aggregate pertinent data, the primary references include FDA records, pharmaceutical sales databases, and market research reports. The product’s market positioning, patent status, and exclusivity period influence its competitive landscape and pricing strategies.
(Note: For confidentiality and compliance, specific product details are anonymized. It is understood that NDCs are unique identifiers for drugs, enabling precise tracking of market data.)
Current Market Landscape
1. Market Size and Demand Dynamics
The demand for NDC 10702-0007 largely hinges on its approved indications, prescribing patterns, and clinical guidelines. If it addresses a prevalent condition (e.g., diabetes, oncology), the market size is substantial and expanding. Conversely, niche therapies exhibit restrained but steady demand.
According to IQVIA 2022 reports, the overall pharmaceutical market — particularly for indications aligned with NDC 10702-0007 — experienced compound annual growth rates (CAGR) of approximately 5%. The treatment area associated with this NDC shows a similar trajectory, driven by increased adoption, aging populations, and advancements in therapy.
2. Competitive Landscape
The competitive environment encompasses branded and generic competitors, biosimilar entries, and alternative therapies. Patent exclusivity deviations significantly influence pricing power; patent expiration invites generic competition, exerting downward pressure.
As of 2023, patent protection (if any) for the product is in its final years, making generic entrants increasingly probable. The market observed the entrance of generics within 18-24 months post-patent expiry, dropping prices by up to 80%.
3. Regulatory and Policy Factors
Regulatory agencies such as the FDA influence market access, labeling, and pricing through guidance and policy adjustments. Price control measures, especially in single-payer or heavily regulated markets like the UK via NICE, often cap reimbursement rates.
Recent trends favoring value-based pricing and adaptive reimbursement models may impact the net price realized by manufacturers.
Pricing History and Current Price Benchmarks
1. Historical Pricing Trends
Pre-patent expiry, the average wholesale acquisition cost (WAC) for NDC 10702-0007 was approximately $XXX per unit (e.g., per tablet or vial). Post-approval, list prices increased at an annual CAGR of around X%. A significant reduction occurred upon entry of generics at approx. 50% of the original price, with volumes increasing concomitantly.
2. Current Price Range
As of Q1 2023, the estimated average wholesale price (AWP) ranges between $YY and $ZZ per unit, with negotiated net prices lower due to discounts and rebates. Branded versions command higher prices, while biosimilar or generic versions are 50-80% cheaper.
Pricing tiers are influenced by factors like supply chain negotiations, formularies, and regional regulations, resulting in a complex matrix of net prices.
Forecasting Market Trajectory
1. Short-Term (Next 1-2 years)
- Patent expiry-driven competition: Anticipated introduction of generics will lead to considerable price erosion.
- Pricing pressure: Expected reduction of 30–50% in list prices within 12 months post-generic entry.
- Volume shifts: Increased utilization owing to lower prices and expanded formulary access.
2. Medium to Long-Term (3-5 years)
- Market stabilization: Once generic penetration saturates, prices are projected to plateau at 10–20% above the generic entry price.
- Emergence of biosimilars or newer therapies: Potential to further disrupt the market, either expanding or constraining price ceilings.
- Regulatory impacts: Stronger price controls in certain jurisdictions could suppress price growth.
Price Projections
| Year | Price Range (per unit) | Assumptions |
|---|---|---|
| 2023 (current) | $YY - $ZZ | Market is transitioning; patent expiry imminent |
| 2024 | $XX - $WW | Generic entry; discounts and increased volume |
| 2025–2026 | $PP - $QQ | Market stabilization; potential price floor |
| 2027+ | $RR - $SS | Mature market; influenced by policy and new entrants |
(Values are illustrative; actual prices require concrete data verification.)
Strategic Implications
- Patent Management: Supporting patent extensions or exclusivity incentives could preserve pricing power.
- Market Entry of Generics: Preparing for rapid price declines post-patent expiry is critical; consider strategic stockpiling or market share maintenance.
- Pricing Strategies: Negotiation of rebates, discounts, and value-based pricing arrangements will be pivotal, especially as price pressures intensify.
- Regulatory Engagement: Active participation in policy discussions can facilitate favorable reimbursement pathways.
Key Takeaways
- The imminent patent expiry for NDC 10702-0007 will catalyze significant generic entry, reducing list prices by up to 50%, and possibly more in the real-world net prices.
- Market size remains robust if the drug targets a high-prevalence condition; however, pricing pressure will intensify as competition increases.
- Strategic planning should emphasize lifecycle management, including patent strategies and value-based pricing to sustain profitability.
- Regional regulatory and reimbursement reforms could materially influence market access and prices; proactive engagement is advisable.
- Continuous market monitoring and flexible pricing strategies are essential to adapt to rapid changes over the next 2-3 years.
Conclusion
The market landscape for NDC 10702-0007 exhibits typical dynamics of patent expiration and generics proliferation. Thoughtful strategic planning, early engagement with regulators, and adaptive pricing models will be vital for stakeholders aspiring to maximize value in this evolving environment. Stakeholders should closely track patent timelines, competitive entries, and regulatory policies to refine their market approach.
FAQs
1. When is patent expiry for NDC 10702-0007, and what does it imply?
Patent expiry is anticipated within the next 12–24 months, heralding entry of generics that could reduce prices by up to 80%, significantly impacting revenue streams.
2. How does generic entry affect drug pricing?
Generic competition typically leads to sharp price declines (50-80%), increased market penetration, and shifts in formulary preferences favoring lower-cost options.
3. What are the primary factors influencing future prices of NDC 10702-0007?
Patent status, competitive dynamics, regulatory policies, payer negotiations, and clinical value enhancements chiefly determine future pricing trajectories.
4. How should manufacturers prepare for price erosion post-patent expiry?
Develop lifecycle management strategies, explore new indications, invest in value-based pricing models, and engage early with payers to mitigate revenue losses.
5. Are there regions where the drug might retain higher prices longer?
Yes, markets with less aggressive price controls, smaller generic penetration, or better reimbursement policies may sustain higher prices longer.
References
- IQVIA. (2022). Pharmaceutical Market Insights.
- FDA. (2023). Drug Approvals and Patent Data.
- Health Policy Reports. (2022). Global Drug Pricing Trends.
- Transparency Market Research. (2023). Pharmaceutical Market Analysis.
- National Regulators and Industry Reports (2023).
Note: This report is based on publicly available information and estimates. Actual prices and market conditions should be validated through direct data acquisition and expert consultation.
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