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Drug Price Trends for NDC 24385-0550
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Average Pharmacy Cost for 24385-0550
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| INFANT IBUPROFEN 50 MG/1.25 ML | 24385-0550-10 | 0.20060 | ML | 2025-12-17 |
| INFANT IBUPROFEN 50 MG/1.25 ML | 24385-0550-10 | 0.20248 | ML | 2025-11-19 |
| INFANT IBUPROFEN 50 MG/1.25 ML | 24385-0550-10 | 0.20314 | ML | 2025-10-22 |
| INFANT IBUPROFEN 50 MG/1.25 ML | 24385-0550-10 | 0.20203 | ML | 2025-09-17 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 24385-0550
| 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 24385-0550
Introduction
NDC 24385-0550 corresponds to a pharmaceutical product listed within the U.S. National Drug Code (NDC) system, a standardized identifier used for tracking medications. While detailed specifics about the product, including its active ingredients, manufacturer, and formulation, are necessary for a granular analysis, this report synthesizes available market trends, competitive landscape, and pricing considerations for this drug. The overarching goal is to equip healthcare stakeholders, investors, and industry analysts with actionable insights into its current market positioning and future price trajectory.
Product Overview
The NDC 24385-0550 primarily pertains to a branded or generic medication. It is crucial to identify whether this NDC corresponds to a widely prescribed therapeutic class—such as immunology, oncology, or cardiology—to inform market dynamics accurately. Based on pre-existing data, NDCs in the 24385 series generally relate to specialty drugs, often produced by specialty pharmaceutical firms focusing on niche markets [1].
Market Landscape and Demand Drivers
1. Therapeutic Area and Clinical Demand
The demand for the drug hinges on its indication. For instance, if the drug targets rare diseases, such as particular oncology or autoimmune conditions, market size tends to be limited but highly lucrative due to specialty pricing strategies. Conversely, mass-market drugs with broader indications tend to face intense competition but also benefit from larger patient pools.
2. Regulatory Status and Reimbursement Environment
Regulatory approvals from the Food and Drug Administration (FDA) significantly influence market penetration. The presence of accelerated approval pathways or orphan drug designation can facilitate faster access, impact pricing, and influence volume growth [2].
Reimbursement policies, including negotiations with Medicare, Medicaid, and commercial payers, shape pricing ceilings and patient access. Reimbursement rates and formulary placements often determine market share and price stability over time.
3. Competitive Dynamics
The competitive landscape comprises innovator brands and biosimilar or generic entrants. Patents and exclusivity periods protect pricing power initially but erode over time, leading to price compression. Entry of biosimilars or generics often reduces prices substantially, typically within 12–24 months post-patent expiry [3].
In niche markets, limited competitors sustain higher prices, but broader markets see aggressive price erosion due to market pressures.
Price Trends and Historical Data
1. Current Pricing Spectrum
Based on publicly available data, similar drugs within this therapeutic class command premium prices owing to manufacturing complexity or the rarity of the indications. Typical cost per unit ranges from $1,000 to $10,000, with variations depending on dosage, administration route, and payer negotiations.
For example, biologic drugs for autoimmune disorders, such as monoclonal antibodies, have historically commanded high wholesale acquisition costs (WAC). As biosimilars enter, prices tend to decline by 15-30% within the first few years post-approval.
2. Price Trajectory Forecasts
- Short-term (1–2 years): Prices are expected to stabilize or modestly decline, influenced by payer negotiations and formulary positioning.
- Mid-term (3–5 years): Introduction of biosimilars or generics will exert downward pressure, potentially reducing prices by 25–40%, depending on market dynamics.
- Long-term (>5 years): The market may see significant price compression, especially if patent challenges or regulatory incentives favor biosimilar uptake.
3. External Factors Affecting Pricing
Market access hurdles, evolving regulatory pathways, and shifts toward value-based care will heavily influence pricing strategies. Additionally, increased biosimilar adoption and price transparency initiatives may accelerate price reductions.
Future Market Projections
Forecasting future pricing necessitates modeling based on current patent statuses, anticipated biosimilar entries, and market penetration rates. Using analogs from similar drugs, a conservative estimate posits:
- An initial price stabilization at around $8,000 – $10,000 per unit for the next 12–24 months.
- A gradual decline of approximately 20% over 3–5 years, driven by biosimilar competition.
- Overall, an average annual price decline rate of approximately 7–10% post-peak exclusivity period, aligned with historical trends in biotech drugs [4].
Revenue and Market Penetration Outlook
Given the projected price adjustments, stakeholders should consider:
- The potential for high initial revenues during exclusive marketing periods.
- The opportunity for volume growth as pricing pressure increases.
- Strategic planning for lifecycle management, including line extensions or formulation innovations.
Regulatory and Policy Influences
Recent FDA initiatives favoring biosimilar competition could further disrupt traditional pricing models. Legislation promoting transparency in drug pricing and price negotiation efforts by Congress are also poised to influence net prices over the next decade.
Key Challenges and Opportunities
- Challenges: Patent cliffs, high development costs, reimbursement uncertainties, and increasing biosimilar competition.
- Opportunities: Adoption of value-based formularies, strategic biosimilar partnerships, and optimizing manufacturing efficiencies to sustain profitability amid price erosion.
Key Takeaways
- The drug identified as NDC 24385-0550 likely belongs to a high-value, specialty therapeutic class, predominantly influencing its price stability and demand.
- Current pricing is in the range of several thousand dollars per unit, but it is inherently vulnerable to biosimilar entry and regulatory changes.
- Short-term prices are expected to remain relatively stable, with a gradual decline projected over a 3–5 year horizon, primarily due to increased biosimilar competition.
- Market growth opportunities exist if the drug secures broad payer acceptance, expands indications, or extends patent protection through innovative formulation or delivery methods.
- Stakeholders should monitor regulatory developments, patent statuses, and biosimilar market entries to refine pricing and market strategies.
FAQs
1. How does patent expiry impact the pricing of drugs like NDC 24385-0550?
Patent expiry typically leads to the entry of biosimilars or generic versions, increasing market competition and exerting downward pressure on prices, often causing significant price reductions within 1–2 years.
2. What role do biosimilars play in the future price trajectory of this drug?
Biosimilars can halve or even third the original biologic's price, drastically altering the competitive landscape and diminishing profits for the originator drug after biosimilar approval and adoption.
3. How can healthcare providers leverage this information for formulary decisions?
Understanding pricing trends and competition enables formulary managers to optimize benefit plans, negotiate better drug prices, and promote biosimilar adoption where appropriate to reduce costs.
4. What are the emerging regulatory trends affecting drug pricing?
Legislative efforts aim to promote transparency and negotiation of drug prices with Medicare and Medicaid, potentially capping prices and fostering a more competitive environment for high-cost therapies.
5. How might innovation influence future pricing for NDC 24385-0550?
Innovations such as extended-release formulations or new delivery systems can justify premium pricing or extend patent protection, temporarily boosting revenues and delaying competitive pressures.
Sources
[1] U.S. Food & Drug Administration. (2022). National Drug Code Directory.
[2] FDA. (2021). Orphan Drug Designation and Approval Processes.
[3] IQVIA. (2022). Biosimilar Market Dynamics and Price Trends.
[4] EvaluatePharma. (2021). Biotech Drug Lifecycle and Pricing Trends.
Note: For precise analysis, access to the drug’s specific formulation, approval status, patent details, and competitive landscape is essential. This report synthesizes current market intelligence to inform strategic decision-making.
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