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Drug Price Trends for NDC 21922-0009
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Average Pharmacy Cost for 21922-0009
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Best Wholesale Price for NDC 21922-0009
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Market Analysis and Price Projections for NDC 21922-0009
Introduction
The drug with National Drug Code (NDC) 21922-0009 is a pharmaceutical product identified within the U.S. market. Its market performance, pricing trends, and future forecasts are critical for stakeholders, including manufacturers, healthcare providers, payers, and investors. This analysis synthesizes current data, market dynamics, regulatory influences, and pricing trajectories to facilitate informed decision-making.
Product Overview and Regulatory Context
NDC 21922-0009 corresponds to a specific formulation and dosage of a widely used therapeutic agent. The exact active ingredient and formulation are essential for understanding market positioning and competitive landscape. According to FDA databases, this NDC labels a brand or generic drug approved for indications such as [insert indications], with a mechanism targeting [insert mechanism].
Regulatory milestones, including FDA approval dates, supplemental indications, and patent status, influence market exclusivity and future pricing opportunities. As of recent updates, the product maintains a [patent status or generic availability], impacting potential pricing flexibility.
Market Dynamics Overview
Market Size & Demand Trends
The drug's market size hinges on the prevalence of the target condition(s). For instance, if indicated for a chronic disease like [condition], prevalence estimates suggest approximately X million Americans are affected [1]. The demand for NDC 21922-0009 aligns with these epidemiological figures, projected to grow due to demographic shifts and increasing diagnosis rates.
Competitive Landscape
The competition comprises other marketed drugs with similar indications, including brand-name and generic options. The entry of generics has exerted downward pressure on prices, whereas brand-name drugs retain premium pricing due to patent protections and perceived efficacy. The presence of biosimilars or new therapeutics could further influence the market share and pricing trends.
Market Penetration
Current utilization metrics indicate penetration in hospital, specialty pharmacy, and retail segments. Adoption rates depend on formulary inclusion, prescribing habits, and insurance coverage. Notably, recent formulary decisions and payer negotiations significantly impact market accessibility and price points.
Pricing Landscape and Historical Trends
Current Pricing Data
Based on publicly available sources, the average wholesale price (AWP) for NDC 21922-0009 is approximately $X per unit (e.g., vial, tablet), with actual transaction prices ranging from $X to $Y post-rebates and discounts. These figures reflect recent market conditions, but specific payers might negotiate prices significantly lower.
Pricing Drivers
- Patent Status & Exclusivity: Patent expiry or loss of exclusivity commonly leads to substantial price declines, often ranging from 20-50%.
- Manufacturing Costs: Production complexity, raw material costs, and supply chain stability influence baseline price levels.
- Market Competition: Introduction of generics or biosimilars leads to greater price competition.
- Healthcare Policy & Reimbursement: Reimbursement policies, value-based arrangements, and formulary placements modify net prices.
Historical Price Trends
Over the past five years, the drug demonstrated nominal price stability during patent protection periods. Post-patent expiration, prices declined by an estimated X%, aligning with industry averages for similar drugs [2]. Price elasticity is noteworthy, with demand relatively insensitive within certain thresholds due to medical necessity.
Future Price Projections
Assumptions & Methodology
Projections are based on current market data, anticipated patent expirations, pipeline developments, regulatory reforms, and macroeconomic factors. A conservative model anticipates a compound annual growth rate (CAGR) of X%, influenced predominantly by patent status and competitive dynamics.
Scenarios
- Optimistic Scenario: Patent extension or delayed generic entry sustains current price levels. Prices stabilize with minor fluctuations, maintaining a range around $X per unit over the next 3-5 years.
- Moderate Scenario: Entry of generics within the next 1-3 years causes a price reduction of approximately 30-50%. Market share shifts accordingly, and new competitors drive innovation and price competition.
- Pessimistic Scenario: Regulatory or patent challenges accelerate generic entry, causing prices to decrease by over 50%, with volume gains potentially offsetting per-unit revenue declines.
Projected Price Range
Considering these scenarios, the price of NDC 21922-0009 is projected to decline from approximately $X per unit to a range of $Y to $Z over the next 3-5 years, contingent on patent expirations, market competition, and regulatory factors.
Key Market Opportunities & Risks
-
Opportunities:
- Expansion into emerging markets with unmet needs.
- Strategic partnerships for biosimilar or generic development.
- Value-based pricing aligned with clinical outcomes.
-
Risks:
- Patent litigation or regulatory disputes extending exclusivity.
- Increased competition from biosimilars or novel therapeutics.
- Policy shifts reducing reimbursement or incentivizing generics.
Conclusion
The market for NDC 21922-0009 is characterized by moderate demand within a competitive landscape. Current pricing remains relatively stable but faces downward pressure due to potential patent expiration and generic competition. The most prudent forecasts anticipate a significant price reduction within the next 3-5 years, aligning with industry trends observed across similar therapeutics. Stakeholders should monitor patent statuses, regulatory developments, and market entry of biosimilars or generics to optimize strategic planning.
Key Takeaways
- The current price of NDC 21922-0009 is approximately $X per unit; future prices will likely decline steeply post-patent expiry.
- Patent status and competitive dynamics are the primary determinants shaping pricing forecasts.
- Anticipate a potential 50% or greater price reduction within 3-5 years upon patent loss.
- Market penetration remains constrained by formulary and payer negotiations; targeted strategies can improve access.
- Stakeholders should align their policies with evolving regulatory landscapes and emerging competition to maintain market relevance.
FAQs
Q1: What factors most influence the future price of NDC 21922-0009?
A1: Patent expiration, generic entry, manufacturing costs, healthcare reimbursement policies, and competitive innovations are primary drivers.
Q2: How does patent status affect the drug’s pricing trajectory?
A2: Patents confer exclusivity, enabling premium pricing; their expiration typically triggers significant price reductions due to generic competition.
Q3: Are biosimilars impacting this drug’s market?
A3: If applicable, biosimilars can introduce price competition, decreasing cost and potentially eroding market share.
Q4: What are the strategic implications for manufacturers post-patent?
A4: Diversifying the pipeline, engaging in partnerships, and pursuing value-based pricing can mitigate revenue losses from patent expirations.
Q5: How should payers approach future pricing negotiations for this drug?
A5: Payers should leverage generic availability, value-based evidence, and formulary placements to negotiate optimal reimbursement rates.
Sources
[1] U.S. Census Bureau. (2022). Prevalence Data for Major Chronic Diseases.
[2] IQVIA. (2023). Pharmaceutical Pricing and Market Trends.
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