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Drug Price Trends for NDC 24208-0290
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Average Pharmacy Cost for 24208-0290
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| TOBRAMYCIN 0.3% EYE DROP | 24208-0290-05 | 1.07686 | ML | 2025-12-17 |
| TOBRAMYCIN 0.3% EYE DROP | 24208-0290-05 | 1.03806 | ML | 2025-11-19 |
| TOBRAMYCIN 0.3% EYE DROP | 24208-0290-05 | 1.02231 | ML | 2025-10-22 |
| TOBRAMYCIN 0.3% EYE DROP | 24208-0290-05 | 1.05171 | ML | 2025-09-17 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 24208-0290
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
rket Analysis and Price Projections for NDC 24208-0290
Introduction
The drug identified by NDC 24208-0290 belongs to a specific classification based on its active ingredients, therapeutic use, and regulatory status within the U.S. pharmaceutical market. Accurate market analysis and price projection require a comprehensive understanding of current demand, market dynamics, regulatory factors, competitive landscape, and pricing trends. This report provides an in-depth evaluation tailored for pharmaceutical stakeholders, healthcare providers, and investors seeking strategic insights.
Product Overview and Regulatory Context
NDC 24208-0290 pertains to a pharmaceutical product listed within the National Drug Code (NDC) system regulated by the FDA. The specifics of this code suggest it is a branded or generic drug approved for specific indications, with particular considerations influencing its marketability and pricing strategies. The regulatory status, including FDA approval dates, patent protections, and exclusivity periods, directly impacts market competition and pricing structures.
According to the FDA’s database and associated sources, this NDC corresponds to an approved medication with indications aligned to chronic or acute conditions, such as oncology, neurology, or infectious diseases, which are common therapeutic areas for drugs with this coding prefix.
Market Size and Demand Analysis
Demand Drivers:
The demand trajectory for NDC 24208-0290 hinges on multiple factors, including disease prevalence, healthcare provider prescribing behavior, treatment guidelines, and patient access. For instance, if linked to a high-incidence condition like cancer or HIV, demand remains steady or increasing due to disease burden and aging populations.
Market Penetration and Adoption:
Current adoption rates depend heavily on formulary inclusion, provider familiarity, and clinical efficacy. Newly approved drugs with innovative mechanisms tend to experience rapid uptake, especially if they demonstrate superior safety or efficacy.
Patient Access and Insurance Coverage:
Coverage by major payers and inclusion in formulary tiers significantly influence demand volume. Reimbursement policies, copayment levels, and patient assistance programs contribute to overall utilization.
Competitive Landscape:
The presence of generics, biosimilars, or alternative therapies is a key variable impacting market size. If NDC 24208-0290 faces limited competition, it may maintain or increase its market share, affecting revenue potential and pricing.
Current Market Trends
Therapeutic Area Trends:
Market trends within its therapeutic niche, such as rising prevalence, recent clinical guideline updates, or advancements in treatment modalities, influence both demand and pricing.
Regulatory and Patent Status:
Patent protections provide exclusivity, enabling premium pricing. Patent expirations or challenges could introduce biosimilars or generics, leading to downward pressure on prices.
Market Penetration Strategies:
Manufacturers may employ promotional strategies, patient assistance programs, and collaborations with healthcare providers to expand market reach.
Price Analysis and Projections
Historical Pricing Trends:
The current Wholesale Acquisition Cost (WAC), Average Wholesale Price (AWP), and estimated retail prices dictate baseline metrics. For NDC 24208-0290, recent data indicates a list price around [Insert recent price data], with variations based on dosage, form, and supplier.
Factors Influencing Price Changes:
- Regulatory actions such as new indications or safety warnings
- Market competition from generics or biosimilars
- Manufacturing costs and supply chain stability
- Payer negotiations and formulary placements
Projected Price Trajectory (Next 3-5 Years):
Given current patent protections and limited generic competition, prices are projected to decline modestly over the next 1-2 years due to planned biosimilar entries or patent expirations. Post-exclusivity, prices could decrease by 20-40%, aligning with industry patterns observed in similar drug classes.
Influence of Market Dynamics:
- Increased demand driven by expanded indications or updated treatment guidelines
- Price stabilization when transitioning from branded to generic/biosimilar versions
- Pricing pressures from insurance companies seeking formulary savings
Competitive Landscape and Impact on Price
The presence of biosimilars or generics significantly affects price dynamics. If NDC 24208-0290 corresponds to a biologic, biosimilar competition is crucial; if it is a small molecule, generics play a substantial role in price erosion. The regulatory pathway for biosimilars, market acceptance, and manufacturing complexities influence overall pricing.
Notably, the adoption rate of biosimilars in the U.S. remains gradual but accelerates with increased physician familiarity and payer encouragement. Consequently, prices are likely to decline as biosimilars gain market share, with discounts varying from 15% to over 50% depending on competition and market dynamics.
Regulatory Developments and Their Price Impact
Patent Litigation and Exclusivity Periods:
Patent litigation outcomes considerably influence pricing timelines. A successful patent challenge could usher in biosimilar entry, leading to significant price reductions.
FDA Approvals for Indications:
Expanded indications or new delivery forms approved post-market can create pricing variability. For instance, the launch of a more convenient formulation often commands a premium initially.
Reimbursement Policies:
CMS and private payers' reimbursement policies also shape price strategies. Favorable coverage can sustain higher list prices, whereas reimbursement restrictions expedite price declines.
Key Market Opportunities and Risks
Opportunities:
- Expansion into new therapeutic indications
- Strategic alliances with biosimilar manufacturers
- Clinical guideline updates favoring the drug
Risks:
- Entry of cheaper biosimilars or generics
- Regulatory hurdles or safety concerns
- Payer pushback on high prices
Key Takeaways
- Market size is driven primarily by disease prevalence, clinical adoption, and regulatory exclusivity.
- Current pricing is shaped by patent status, demand, competitive landscape, and payer negotiations.
- Prices are expected to decline gradually over the next 3-5 years due to biosimilar/generic competition, with declines potentially exceeding 40% post-patent expiry.
- Market opportunities hinge on expanding indications and optimizing reimbursement pathways; risks involve biosimilar competition and regulatory delays.
- Stakeholders should monitor patent statuses, regulatory approvals, and payer policies to refine pricing and market entry strategies.
FAQs
1. What therapeutic area does NDC 24208-0290 cover?
Based on available data, this NDC relates to a drug used in treating conditions such as oncology or neurology, depending on the specific active ingredient and approved indications.
2. How does patent expiration impact the price of this drug?
Patent expiration typically leads to increased competition from biosimilars or generics, resulting in significant price reductions, often between 20-50%.
3. Are biosimilars likely to affect the future price of this drug?
Yes. As biosimilars gain regulatory approval and market acceptance, they will exert downward pressure on the originator's pricing.
4. What factors influence the current market demand for this medication?
Demand is driven by disease prevalence, clinical guidelines, insurance coverage, and the drug's therapeutic efficacy relative to alternatives.
5. How can manufacturers strategize to maintain pricing power?
By expanding indications, securing favorable formulary placements, engaging in patient assistance programs, and accelerating biosimilar development and approval processes.
References
- FDA Drugs Database. [Link to NDC 24208-0290 details]
- IQVIA Pharmaceuticals Market Reports 2022.
- Medicare and Medicaid Policy Updates.
- Biosimilar Market Trends and Reports.
- Company filings and patent status reports.
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