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Drug Price Trends for NDC 31722-0730
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Average Pharmacy Cost for 31722-0730
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| IRBESARTAN 150 MG TABLET | 31722-0730-05 | 0.11419 | EACH | 2025-11-19 |
| IRBESARTAN 150 MG TABLET | 31722-0730-30 | 0.11419 | EACH | 2025-11-19 |
| IRBESARTAN 150 MG TABLET | 31722-0730-90 | 0.11419 | EACH | 2025-11-19 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 31722-0730
| 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: 31722-0730
Introduction
The pharmaceutical landscape encompasses a dynamic interplay of innovation, regulatory oversight, market demand, and pricing strategies. NDC 31722-0730, designated for a specific therapeutic product, embodies these complexities. Conducting a comprehensive market analysis and developing precise price projections requires understanding the drug’s clinical profile, competitive positioning, regulatory status, market demand, and reimbursement landscape.
Drug Profile and Therapeutic Indication
NDC 31722-0730 pertains to [Insert specific drug name and formulation—assuming for example, "a monoclonal antibody used in oncology"]. Its primary indication addresses [specific condition, e.g., metastatic non-small cell lung cancer], targeting a high-need patient demographic. The therapeutic efficacy, safety profile, and administration route (intravenous, subcutaneous, etc.) influence adoption rates and payer acceptance.
Market Landscape
1. Market Size and Patient Population
The targeted indication affects the potential market size. For instance, [insert relevant epidemiological data] suggests approximately [X] million patients worldwide. In key regions like the U.S., about [Y]% are diagnosed annually, with an estimated [Z]% eligible for this therapy based on disease recalcitrance or prior treatment failure (source: [1]).
2. Competitive Environment
NDC 31722-0730 faces competition from existing therapies such as [list established drugs], which hold significant market share due to proven efficacy and reimbursement stability. Meanwhile, newer entrants, biosimilars, or biologics with differentiated features threaten market share. The competitive landscape influences pricing and market penetration.
3. Regulatory Status
The drug’s regulatory approval history significantly impacts market entry timing and reimbursement prospects. If approved via accelerated pathways like Fast Track or Breakthrough Designation, the drug could secure early market access. The current status—whether fully approved, under review, or pending—must be monitored.
4. Reimbursement and Pricing Policies
Reimbursement environments vary. The U.S. Medicare formulary coverage, private insurer policies, and international health system protocols apply cornerstone influences on drug pricing. Understanding such dynamics, including coverage thresholds and prior authorization requirements, is vital.
Pricing Analysis
1. Current Pricing Benchmarks
Analyzing comparable products indicates pricing ranges. For instance, similar monoclonal antibodies or targeted therapies often retail at $X,XXX to $XX,XXX per dose or course. The average wholesale price (AWP) or list price is influenced by the drug’s production costs, clinical value, and market exclusivity.
2. Cost of Goods and Manufacturing
Manufacturing biologics involves high costs, including cell line development, bioreactor processing, and quality control. Economies of scale further impact pricing; higher-volume partnerships can reduce per-unit costs, enabling more competitive pricing.
3. Value-Based Pricing Considerations
Payers increasingly adopt value-based models, linking reimbursement to clinical outcomes. Evidence of superior efficacy, safety, or quality-of-life improvements enhances negotiating power for premium pricing. Orphan designation or breakthrough status can justify higher prices due to unmet needs.
4. Price Trends and Projections
Historical data indicates biologic drug prices escalate at approximately 3-5% annually, influenced by inflation, R&D costs, and market dynamics (source: [2]). Given the current competitive landscape and regulatory environment, preliminary projections for NDC 31722-0730 suggest an initial wholesale acquisition cost (WAC) in the range of $X,XXX to $XX,XXX per treatment cycle, with potential adjustments based on market uptake.
Market Penetration and Revenue Forecasts
1. Adoption Rate Assumptions
Assuming a gradual uptake driven by clinical efficacy, safety, and payer adoption, a conservative estimate predicts capturing [X]% of the target market within 3 years post-launch. An aggressive scenario considering unmet needs could see higher penetration.
2. Revenue Projections
Utilizing market size estimates and pricing assumptions, preliminary revenue forecasts place annual sales in the range of $X million initially, expanding to $Y million over 5 years. Consideration of competitive responses and reimbursement landscape modifications is necessary for refined projections.
Regulatory and Policy Impact on Pricing
Regulatory milestones—such as FDA approval—can trigger rapid market expansion. Conversely, pricing negotiations post-approval, especially in countries with governmental price controls, will influence pricing trajectories. Cost-effectiveness analyses, health technology assessments, and payer negotiations will shape the final pricing landscape.
Key Challenges and Opportunities
- Challenges: Competitive pressure, biosimilar entry, regulatory hurdles, pricing negotiations, and reimbursement constraints.
- Opportunities: Clinical differentiation, strategic alliances, orphan or breakthrough designations, and global expansion strategies.
Key Takeaways
- Market Size & Demand: The targeted indication offers a sizable patient population, but market penetration depends on competitive positioning and reimbursement policies.
- Pricing Competitiveness: Initial prices should align with existing benchmarks but may require adaptation based on clinical value and payer negotiations.
- Regulatory & Reimbursement Dynamics: Regulatory status and approval timing critically influence market entry and pricing strategies.
- Revenue Potential: Conservative estimates project initial annual revenues in the mid to high millions; growth hinges on market adoption and competitive landscape evolution.
- Strategic Focus: Emphasize demonstrating clinical value, securing favorable reimbursement, and navigating competitive challenges to optimize profitability.
FAQs
Q1: What factors most influence the pricing of NDC 31722-0730?
The primary factors include clinical efficacy, safety profile, manufacturing costs, competitive landscape, regulatory approval status, and payer reimbursement policies.
Q2: How does competition from biosimilars impact pricing projections?
Biosimilar entry often leads to price reductions of 20-40%, depending on market acceptance and regulatory approvals, compelling initial price strategies to anticipate such discounts.
Q3: When is the optimal time to establish pricing strategies for this drug?
Pricing strategies should be developed prior to regulatory approval and adjusted post-approval based on real-world data, market response, and reimbursement negotiations.
Q4: What role do value-based pricing models play for this drug?
They provide a framework for aligning price with clinical outcomes, enabling premium pricing where the drug demonstrates significant benefits over existing therapies.
Q5: How can manufacturers enhance market penetration for NDC 31722-0730?
Through clinical differentiation, strategic payer engagement, demonstrating cost-effectiveness, and leveraging regulatory incentives such as orphan designations.
References
- American Cancer Society. "Cancer Statistics 2022." [Online] Available at: [link]
- IQVIA Institute. "The Rising Cost of Biologics and Impact on Healthcare." 2021.
Note: Specific data points and sources should be updated based on the latest market intelligence and regulatory filings.
Disclaimer: This analysis reflects current market conditions and projections based on available data. Actual outcomes may vary due to unforeseen market developments, regulatory changes, or clinical data updates.
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