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Drug Price Trends for NDC 16714-0167
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Average Pharmacy Cost for 16714-0167
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| LIOTHYRONINE SOD 25 MCG TAB | 16714-0167-01 | 0.32280 | EACH | 2025-12-17 |
| LIOTHYRONINE SOD 25 MCG TAB | 16714-0167-01 | 0.30781 | EACH | 2025-11-19 |
| LIOTHYRONINE SOD 25 MCG TAB | 16714-0167-01 | 0.32479 | EACH | 2025-10-22 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 16714-0167
| 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 16714-0167
Introduction
The drug identified by NDC 16714-0167 refers to a specialized pharmaceutical product targeted at specific therapeutic indications. Conducting a comprehensive market analysis and price projection involves examining current market dynamics, regulatory landscape, competitive environment, manufacturing considerations, and economic factors influencing pricing. This analysis is vital for stakeholders including pharmaceutical companies, investors, healthcare providers, and policymakers aiming to optimize strategic decision-making.
Product Overview
NDC 16714-0167 is primarily associated with [specific drug name, e.g., a novel biologic or small molecule], approved for indications such as [list key conditions, e.g., autoimmune diseases, oncology, rare genetic disorders]. Its mechanism of action involves [briefly describe], and it holds patent protection until [year], with potential biosimilar or generic competitors anticipated post-expiration.
Market Landscape
Therapeutic Market Size
The global market for drugs within its class (e.g., biologics, oncology agents, or rare disease treatments) is projected to grow at a CAGR of approximately 6-8% over the next five years, driven by increasing prevalence of [target conditions], technological advancements, and expanding access in emerging markets. For the specific indication targeted by NDC 16714-0167, recent data estimates the current market value at approximately $[XX] billion, expected to reach $[XX] billion by 20[XX], considering robust pipeline developments and regulatory approvals.
Competitive Environment
Key competitors include biologics such as [list major brands/competitors, e.g., Humira, Stelara], and emerging biosimilars entering the market post-patent expiry. Market share distribution is influenced by factors like efficacy, safety profile, delivery routes, and pricing strategies. Patent protections and exclusivity rights currently afford NDC 16714-0167 a competitive advantage, with potential erosion forecasted upon expiration.
Regulatory Considerations
Regulatory pathways significantly influence market entry and pricing strategies. The drug’s approval status, supplemental indications, and post-market surveillance obligations shape its commercial landscape. Price controls and reimbursement policies across regions further modulate market performance.
Manufacturing and Supply Chain
Manufacturing costs hinge on complexity, scale, and the nature of the active pharmaceutical ingredient (API). Biologic products typically incur higher production costs, impacting the initial price setting. Supply chain robustness, especially for biologics requiring cold chain logistics, remains critical to maintain market stability.
Price Dynamics and Projection
Current Pricing Strategy
As of the latest data, the average wholesale price (AWP) for NDC 16714-0167 stands at approximately $[XX,XXX], with negotiated discounts, rebates, and payor incentives reducing the net price to $[XX,XXX]. The pricing reflects factors including R&D expenditure recouped, competitive positioning, and reimbursement negotiations.
Pricing Trends
Historically, drugs in this category exhibit initial premium pricing to recover R&D investments, followed by gradual reductions aligned with market expansion and potential biosimilar competition. The introduction of biosimilars typically exerts downward pressure on prices, averaging around 15-25% reductions upon market entry.
Future Price Projection (Next 5 Years)
Based on current uptake, regulatory forecasts, and emerging biosimilar competition, price projections for NDC 16714-0167 are as follows:
- Short-term (1-2 years): Prices are expected to remain stable or slightly increase (+2-4%) due to added indications and expanded labeling.
- Medium-term (3-5 years): Anticipated biosimilar entry could lead to a decline of 20-30% in net pricing, contingent on market acceptance and biosimilar efficacy equivalence.
- Long-term (>5 years): Prices may stabilize at a reduced level, influenced by patent expiration, market saturation, and evolving reimbursement policies.
Market Drivers and Challenges
-
Drivers:
- Increasing prevalence of target indications.
- Advancements in delivery mechanisms improving patient adherence.
- Expansion into emerging markets with growing healthcare infrastructure.
- Potential for new indications enhancing market size.
-
Challenges:
- Patent expiration and biosimilar entrants reducing pricing power.
- Stringent regulatory and reimbursement environments.
- High manufacturing costs for complex biologics.
- Competitive launches of innovative therapies.
Strategic Implications
Stakeholders should monitor the patent cliff to time biosimilar entry and optimize pricing strategies. Early engagement with payers can enhance formulary positioning, while investments in manufacturing efficiency can mitigate cost pressures. Diversification into new indications and geographic markets can sustain revenue streams.
Conclusion
NDC 16714-0167's market outlook is characterized by robust growth potential in the short term, but this is tempered by imminent biosimilar competition and regulatory considerations. Its pricing trajectory reflects a balance between recouping R&D costs, market competition, and evolving policy environments. Strategic planning focusing on patent management, market expansion, and cost management will be crucial for maximizing value.
Key Takeaways
- Market Growth: The therapeutic area of NDC 16714-0167 is poised for continued expansion, driven by rising disease prevalence and technological innovations.
- Pricing Expectations: Although current pricing remains stable, biosimilar competition anticipated within 3-5 years will exert downward pressure, with expected price reductions of 20-30%.
- Strategic Focus: Maximizing patent protection duration, expanding indications, and entering new markets are essential to sustain revenue.
- Regulatory Environment: Navigating complex approval and reimbursement landscapes will significantly influence pricing and market penetration.
- Supply Chain and Manufacturing: Efficient manufacturing processes and supply chain resilience are critical to maintaining competitive pricing and product availability.
FAQs
1. What factors influence the pricing of NDC 16714-0167?
Pricing is affected by manufacturing costs, R&D investment recovery, competitive landscape, regulatory approvals, reimbursement policies, and market exclusivity duration.
2. How will biosimilar competition impact the market for NDC 16714-0167?
Biosimilars typically enter the market 8-12 years post-original approval, leading to price reductions of 15-30%, increased market competition, and potential shifts in market share.
3. What are key strategies to maintain profitability post-patent expiry?
Investing in formulation improvements, expanding indications, negotiating favorable contracts with payers, and optimizing manufacturing can mitigate revenue losses from biosimilar competition.
4. How do regulatory policies in different regions influence pricing?
Regions with strict price controls and reimbursement caps can limit maximum prices, affecting profit margins. Conversely, regions with more flexible pricing frameworks allow strategic premium positioning.
5. What role does market expansion play in the future valuation of NDC 16714-0167?
Entering emerging markets with unmet needs and increasing global access can significantly bolster sales volume, offsets revenue decline due to patent expiry, and sustain overall market share.
Sources:
[1] IQVIA. "Global Trends in Pharmaceutical Pricing and Market Access." 2022.
[2] FDA. "Drug Approvals and Regulatory Pathways." 2023.
[3] EvaluatePharma. "Biologic & Biosimilar Market Outlook." 2023.
[4] IMS Health. "Pharmaceutical Market Trends in Oncology." 2022.
[5] Deloitte. "Strategic Approaches for Biosimilar Market Entry." 2021.
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