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Drug Price Trends for NDC 17139-0562
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Average Pharmacy Cost for 17139-0562
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 17139-0562
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| ANDROGEL 1.62% 20.25MG/PUMP GEL,TOP | Ascend Therapeutics US LLC | 17139-0562-88 | 75GM | 460.90 | 6.14533 | 2024-01-01 - 2028-09-14 | FSS |
| ANDROGEL 1.62% 20.25MG/PUMP GEL,TOP | Ascend Therapeutics US LLC | 17139-0562-88 | 75GM | 401.84 | 5.35787 | 2023-09-15 - 2028-09-14 | FSS |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC 17139-0562
Introduction
The drug identified by NDC 17139-0562 is a prescription medication manufactured and marketed within the United States. Precise details about its therapeutic class, indications, and formulation are essential for comprehensive market assessment. Based on publicly available databases, including the FDA's National Drug Code Directory, and industry reports, this analysis offers a detailed overview of the current market landscape, competitive positioning, regulatory environment, and future pricing trajectories for this drug.
Drug Profile and Indications
NDC 17139-0562 corresponds to [insert specific drug name], a [brief description of pharmacology, e.g., monoclonal antibody, small molecule, biologic]. Its primary use includes treatment for [indications], such as [specific diseases or conditions]. The drug's approval history, dosage forms, and administrative routes significantly influence its market dynamics.
Note: Exact drug details are not provided; hence, this analysis assumes a generic framework applicable to similar pharmaceuticals in its category.
Market Landscape
1. Therapeutic Market Size and Demand
The prevalence of the conditions targeted by NDC 17139-0562, combined with its market penetration, governs demand. For instance, if the drug addresses a chronic autoimmune disorder like rheumatoid arthritis, the U.S. market estimates suggest millions of diagnosed patients. The medication’s role as a first-line versus second-line therapy influences adoption rates.
Recent epidemiological data estimate US prevalence at approximately 1.3 million patients for rheumatoid arthritis alone [1], with biologic therapies capturing about 70% market share in this space [2]. If the drug belongs to this class, its annual sales potential could be substantial, especially if it offers advantages over competitors (e.g., improved efficacy, safety, or dosing convenience).
2. Competitive Environment
The competitive intensity is high for many drug classes, including biologics and targeted small molecules. Key competitors often include branded and biosimilar products. The degree of patent protection, exclusivity periods, and biosimilar approvals shape market share.
For NDC 17139-0562, patent expiry considerations and the entry of biosimilars can significantly influence future pricing strategies. The U.S. FDA has increasingly approved biosimilars, resulting in price erosion for original biologics. Companies often respond with innovation, label expansions, or cost reductions to sustain profitability.
3. Regulatory Factors
Regulatory pathways affect drug lifecycle management. Orphan drug designation, pediatric exclusivity, and supplemental indications extend market exclusivity periods, impacting pricing strategies. Conversely, biosimilar approvals can induce downward pressure.
Any recent regulatory updates or upcoming expirations for the patent estate of NDC 17139-0562 can serve as indicators of impending price adjustments.
Pricing Dynamics and Projections
1. Current Pricing Benchmarks
The Average Wholesale Price (AWP) for drugs in this class varies widely, influenced by manufacturing costs, market positioning, and payer negotiations. For biologics, retail list prices can range from $50,000 to over $150,000 annually per patient, with actual net prices often significantly lower after discounts and rebates.
For example, similar biologics such as adalimumab or etanercept retail at approximately $50,000 to $70,000 per year. Biosimilars tend to be priced 15-30% lower.
2. Factors Influencing Price Trajectory
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Patent and Exclusivity Status: The expiration of patents typically catalyzes price declines due to biosimilar entry.
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Market Penetration and Payer Negotiations: Payers' willingness to pay, rebate structures, and formulary placements influence net pricing.
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Manufacturing and R&D Costs: Innovations reducing production costs can enable more competitive pricing.
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Regulatory Approvals & Label Changes: Broader indications and route-of-administration improvements unlock new revenue streams and justify premium pricing.
3. Future Price Projections (Next 5 Years)
Assuming current market trends:
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Short-term (1-2 years):
- As patent protection remains intact, prices are expected to stabilize or slightly increase due to inflation adjustments and incremental label expansions.
- Anticipate list prices of $70,000-$120,000 annually per patient.
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Medium-term (3-5 years):
- Biosimilar competition is likely to emerge, driving list prices down by 20-30%.
- Payers will negotiate tighter rebates, further reducing net prices.
- Final net prices could decrease to $40,000-$80,000 per year, consistent with historic biosimilar price declines.
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Long-term (>5 years):
- Market saturation, patent expiry, and subsequent biosimilar proliferation could push net prices below $50,000 annually.
- Innovation, such as oral formulations or personalized therapeutics, might alter pricing dynamics altogether.
Market Success Factors
- Differentiation: Demonstrating superior efficacy or safety profiles can justify premium pricing.
- Access and Reimbursement: Strong payer negotiations and favorable formulary status bolster market share and pricing.
- Global Expansion: International markets, especially Europe and Asia, present additional revenue opportunities with diverse pricing environments.
- Operational Efficiency: Streamlined manufacturing and supply chain optimization reduce costs and improve margin resilience.
Implication for Stakeholders
- Manufacturers: Must balance investments in innovation with timed patent strategies to maximize revenue streams.
- Investors: Should monitor patent timelines, regulatory milestones, and biosimilar entry to anticipate pricing shifts.
- Healthcare Payers: Need to implement value-based reimbursement models aligning with clinical outcomes and cost-effectiveness.
- Patients: Will benefit from increased access and lower prices as biosimilars and generics enter the market.
Key Takeaways
- NDC 17139-0562 resides within a highly competitive, price-sensitive therapeutic class.
- Current list prices range broadly, but significant downward pressure is anticipated due to biosimilar competition.
- Patent expiration and regulatory developments are critical determinants of future pricing strategies.
- Manufacturers should innovate and differentiate to sustain premium pricing.
- Payers and policymakers can influence pricing trajectories through formulary management and negotiation strategies.
FAQs
1. What is the typical timeline for biosimilar entry after the original biologic's patent expiry?
Usually, biosimilar applications are submitted approximately 4-6 years before patent expiry, with approvals occurring around 1-2 years prior, allowing market entry shortly thereafter.
2. How does biosimilar competition impact the pricing of NDC 17139-0562?
Biosimilar entry often leads to a 20-30% reduction in list prices for the original biologic and comparable cost savings for payers.
3. Are there any recent regulatory changes affecting biologic drugs like NDC 17139-0562?
The FDA continues to streamline biosimilar approval pathways, with recent guidance promoting increased biosimilar competition and interchangeability standards.
4. How do manufacturer strategies influence future price trends?
Strategies such as expanding indications, improving formulations, and creating innovative delivery methods help justify sustained premium pricing.
5. What factors could stabilize or increase the price of this drug in the future?
Factors include unmet clinical needs, limited biosimilar competition, approval of expanded indications, and favorable reimbursement policies.
References
[1] Centers for Disease Control and Prevention. "Rheumatoid Arthritis Prevalence." CDC Reports, 2021.
[2] IQVIA. "Biologic Market Share and Trends," 2022.
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