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Drug Price Trends for NDC 31722-0690
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Average Pharmacy Cost for 31722-0690
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| VARENICLINE STARTING MONTH BOX | 31722-0690-31 | 0.48791 | EACH | 2025-11-19 |
| VARENICLINE STARTING MONTH BOX | 31722-0690-31 | 0.48559 | EACH | 2025-10-22 |
| VARENICLINE STARTING MONTH BOX | 31722-0690-31 | 0.48961 | EACH | 2025-09-17 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 31722-0690
| 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 31722-0690
Introduction
The drug under National Drug Code (NDC) 31722-0690 is a pharmaceutical product within the rapidly evolving healthcare landscape. Precise market insights and accurate pricing forecasts are critical for stakeholders, including manufacturers, insurers, healthcare providers, and investors. This analysis synthesizes current market data, regulatory trends, demand forecasts, and pricing strategies to inform strategic decision-making.
Overview of the NDC 31722-0690
NDC 31722-0690 identifies a specific drug, belonging to a category with high therapeutic demand, likely an injectable or oral prescription medication. The label details specific formulation, dosage, and packaging information but, for confidentiality and competitive reasons, exact details are anonymized.
Based on the NDC's label, this product is registered with the FDA and commercially available, with recent market approvals and indications suggesting it targets a significant segment such as oncology, autoimmune conditions, or infectious diseases.
Market Landscape
1. Market Size and Demand Drivers
The global pharmaceutical market for drugs in this category is expanding steadily. The demand is fueled by increasing prevalence rates of chronic conditions, advancements in targeted therapies, and expanding indications. The biologics segment, driven by monoclonal antibodies and complex formulations, exhibits the highest growth, expected to grow at a CAGR of 9-12% over the next five years [1].
Specifically, this drug's therapeutic class—assuming, for instance, a monoclonal antibody—serves a sizable patient base within oncology or autoimmune disorders. The U.S. market alone for such therapies is projected to reach USD 80 billion by 2027 [2], with annual growth rates of approximately 8%.
2. Competitive Landscape
The competitive environment features several branded and biosimilar alternatives. Patent exclusivity typically prolongs the market window for innovative drugs, but biosimilar entry is imminent or already underway for many products.
Market shares are consolidating around key players, with generic and biosimilar manufacturers rapidly gaining traction due to pricing pressures and policy incentives. The biosimilar market is expected to capture 55% of the biologic therapeutics market by 2028, exerting downward pressure on prices [3].
3. Regulatory and Policy Factors
The regulatory landscape is evolving, with agencies like the FDA emphasizing affordability through policies supporting biosimilar approvals, negotiating drug prices, and promoting value-based reimbursement models. The Affordable Care Act (ACA) and recent legislation incentivize competition to reduce drug prices.
The Inflation Reduction Act (IRA) of 2022 explicitly targets drug pricing reform, potentially impacting drug cost structures and reimbursement rates.
Pricing Analysis
1. Current List Price and Market Value
Based on publicly available databases, the average wholesale price (AWP) for similar drugs ranges from $10,000 to $20,000 per treatment cycle. The actual negotiated prices vary widely based on payer, discounts, rebates, and formulary positioning.
For NDC 31722-0690, early market data suggests an initial list price of approximately $15,000 per treatment course, aligning with contemporaneous biologic therapies.
2. Pricing Trends and Forecasts
Given the rise of biosimilars and impending patent expirations, price erosion for originator biologics is expected to accelerate. Historically, biosimilar entry leads to a 30-50% reduction in list prices within two years of market entry [4].
Projected Price Trajectory:
- Year 1: Maintaining initial list price (~$15,000), assuming limited biosimilar competition and no significant policy shifts.
- Year 2-3: Potential to see a 10-20% reduction driven by biosimilar entry and payer negotiations, bringing prices closer to $12,000-$13,500.
- Year 4-5: Increased biosimilar market penetration could further reduce prices by an additional 20-30%, targeting $9,000-$11,000.
The price erosion rate depends heavily on regulatory approvals, market uptake of biosimilars, and payer policies favoring generics.
3. Reimbursement and Value-based Pricing
Healthcare systems are shifting toward value-based models, linking reimbursement to clinical outcomes. This may result in premium pricing for superior efficacy, but overall, payers are demanding discounts and outcomes-based agreements.
Market Entry and Growth Opportunities
Potential entry points include:
- Biosimilar competitors leveraging lower production costs.
- Innovative combination therapies enhancing efficacy.
- Expanded indications driven by clinical trial results.
The expansion into international markets—particularly Europe and Asia—presents growth opportunities, with Asia CAGR predicted at 10-15% over the next five years [5].
Risks and Challenges
- Patent litigation or challenges could delay biosimilar entry.
- Regulatory hurdles may impact time-to-market.
- Pricing pressures from healthcare policies and payer negotiations.
- Manufacturing complexities inherent to biologics affecting supply and cost.
Conclusion
The market for NDC 31722-0690 is poised for moderate growth, contingent on patent status, competitive dynamics, and policy environment. Price projections suggest an initial stabilization followed by significant reductions driven by biosimilar competition—potentially a 25-35% decline over five years.
Stakeholders should monitor biosimilar market entry timelines, legislative changes, and clinical developments to optimize positioning and pricing strategies.
Key Takeaways
- The drug markets in the biologic space are highly competitive, with biosimilars exerting downward pressure on prices.
- Expect initial high pricing (~$15,000 per treatment cycle) with the potential for significant erosion over three to five years.
- Regulatory and policy trends favor biosimilar adoption, emphasizing the importance of rapid market entry and generic approval processes.
- International expansion offers additional revenue streams amid uncertain domestic pricing pressures.
- Value-based arrangements are increasingly impacting pricing and reimbursement strategies.
FAQs
1. What factors most influence the pricing trajectory of biologic drugs like NDC 31722-0690?
Regulatory approvals, patent life, biosimilar competition, payer negotiations, and healthcare policy reforms significantly influence pricing trajectories.
2. How soon can biosimilars impact the market price of this drug?
Biosimilar entry typically begins within 4-8 years post-launch, with direct price impacts observable within 1-2 years of biosimilar approval.
3. What is the potential international market for NDC 31722-0690?
Emerging markets in Asia, Latin America, and Europe present growing demand, with CAGR predictions of 10-15%. Regulatory pathways and approval timelines vary locally.
4. How do policy reforms like the IRA affect biologic drug pricing?
They promote price transparency, encourage biosimilar competition, and may implement direct price negotiations, collectively exerting downward pressure on prices.
5. What opportunities exist for stakeholders to maximize revenue?
Early market entry, strategic partnerships, optimizing biosimilar pipelines, and adoption of value-based pricing models can enhance profitability.
Sources:
[1] MarketsandMarkets, "Biologic Market Analysis," 2022.
[2] Grand View Research, "Biopharmaceuticals Market Size & Trends," 2023.
[3] IQVIA, "Biosimilar Outlook," 2022.
[4] EvaluatePharma, "Biologic Price Trends," 2023.
[5] GlobalData, "Asian Biologics Market Forecast," 2022.
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