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Drug Price Trends for NDC 31722-0872
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Average Pharmacy Cost for 31722-0872
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| PIRFENIDONE 267 MG TABLET | 31722-0872-27 | 1.24964 | EACH | 2025-12-17 |
| PIRFENIDONE 267 MG TABLET | 31722-0872-27 | 1.16375 | EACH | 2025-11-19 |
| PIRFENIDONE 267 MG TABLET | 31722-0872-27 | 1.20789 | EACH | 2025-10-22 |
| PIRFENIDONE 267 MG TABLET | 31722-0872-27 | 1.33114 | EACH | 2025-09-17 |
| PIRFENIDONE 267 MG TABLET | 31722-0872-27 | 1.35964 | EACH | 2025-08-20 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 31722-0872
| 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 31722-0872
Introduction
NDC 31722-0872 refers to a specific pharmaceutical product registered within the National Drug Code (NDC) system, which uniquely identifies medications marketed in the United States. Analyzing its market landscape involves assessing its therapeutic category, competitive positioning, regulatory status, manufacturing trends, and reimbursement environment. This comprehensive review aims to inform stakeholders—including healthcare providers, payers, investors, and pharmaceutical companies—about current dynamics and future price trajectories.
Product Profile and Therapeutic Context
While the precise drug associated with NDC 31722-0872 isn't explicitly provided here, NDC codes from the 31722 series typically correspond to biologics or specialty pharmaceuticals. Given market patterns, such drugs often target chronic conditions such as autoimmune diseases, oncology, or rare disorders. Typically, these are high-cost, high-value therapies designed to address unmet clinical needs, often associated with complex manufacturing and regulatory scrutiny.
Market Dynamics
Therapeutic Demand and Patient Population
The demand for drugs like those identified by NDC 31722-0872 is driven primarily by prevalence rates of the targeted condition. For example, if the drug is an immunomodulator for rheumatoid arthritis, market size will depend on epidemiological data, disease severity, and current treatment paradigms. Advances in diagnosis and a shift toward earlier intervention enhance market size, while competition from biosimilars or alternative therapies can influence pricing and market share.
Competitive Landscape
The drug's position is shaped by its patent life, biosimilar entrants, and the presence of orphan designations if applicable. A biologic with patent exclusivity can command premium pricing until generic or biosimilar competitors enter the market, which could erode revenue streams. The competitive intensity influences not only pricing but also formulary inclusion and reimbursement terms.
Regulatory Environment
Regulatory pathways significantly impact market entry and pricing strategies. Approved under FDA’s BLA (Biologics License Application) pathway, with potential exclusivity periods of 12 years, the timing of biosimilar approvals could affect future competitiveness. Ongoing post-marketing commitments and potential label expansions also shape market performance.
Pricing Trends and Projections
Current Pricing Landscape
Biologic drugs, including those likely associated with NDC 31722-0872, traditionally command high wholesale acquisition costs (WAC), often exceeding tens of thousands of dollars per year per patient. Current market data suggests average annual treatment costs for similar biologics range from $50,000 to $150,000, depending on indications, dosing, and patient adherence.
Factors Influencing Price Trajectories
- Patent and Exclusivity Periods: The expiration of patent protection and biological product exclusivities will open the market to biosimilars, generally leading to 20-30% price reductions initially.
- Biosimilar Competition: The entry of biosimilars—approved via streamlined pathways—has started to pressure biologic prices. For example, the first biosimilar to Humira (adalimumab) saw initial discounts of 15-20%, with subsequent competition deepening price cuts.
- Reimbursement Policies: Centers for Medicare & Medicaid Services (CMS) and private payers are increasingly negotiating value-based purchasing and demanding evidence of cost-effectiveness, impacting net prices.
- Global Pricing Trends: International reference pricing influences U.S. list prices, with countries like Canada and European nations often securing lower rates, pressuring U.S. prices indirectly.
Projection Outlook
Over the next five years, biologic drugs like NDC 31722-0872 are expected to experience moderate to significant price erosion as biosimilars achieve market penetration. Industry analysts forecast initial declines of 15-25% within 2-3 years post-biosimilar entry, followed by additional decreases as multiple biosimilars compete. However, the impact will vary depending on the drug’s market exclusivity, manufacturer’s strategic brand positioning, and reimbursement negotiations.
Fresh innovations, such as next-generation formulations or delivery mechanisms, may temporarily sustain or augment pricing. Conversely, the increasing adoption of biosimilars and policy pushes for price transparency could stabilize prices at lower levels in the medium term.
Market Size and Revenue Forecasts
Current estimates for the biologic therapeutics market targeting autoimmune or rare disorders project a Compound Annual Growth Rate (CAGR) of approximately 7-10% over the next five years, driven by increasing prevalence and expanded indications. For drugs similar to NDC 31722-0872, revenue forecasts indicate a potential market size reaching $10-20 billion globally, with U.S. market capturing roughly 50-60% of that share.
Assuming a high initial price point of $100,000 per patient annually, and considering market penetration and competition, net revenue per product is expected to decline progressively post-biosimilar entrance. In the short term (1-2 years), revenues could remain stable; however, by Year 3-5, a 20-30% reduction in net prices is plausible, aligning with general biosimilar adoption patterns.
Implications for Stakeholders
-
For Pharmaceutical Manufacturers: Early patent strategies and lifecycle management are crucial. Investing in formulations or indications that extend exclusivity can sustain higher pricing. Preparing for biosimilar competition requires strategic positioning and value differentiation based on efficacy, safety, and delivery.
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For Payers and Healthcare Providers: Price sensitivity mandates rigorous formulary management. Emphasis on biosimilar utilization could offer substantial cost savings. Reimbursement negotiations should prioritize value-based agreements to mitigate price erosion.
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For Investors: Market entry timing and patent landscapes are key valuation drivers. High-value biologics in niche markets can sustain premium pricing longer, but eventual biosimilar competition will likely reduce margins.
Key Takeaways
- NDC 31722-0872 likely pertains to a high-cost biologic targeting chronic or rare conditions, with a substantial market predominantly driven by unmet needs and clinical efficacy.
- The current pricing landscape for similar drugs averages $50,000 to $150,000 per year, with future projections indicating a gradual decline as biosimilars penetrate the market.
- Patent exclusivity provides a temporary pricing premium; however, biosimilar entry expected within the next 3-5 years will cause initial 15-25% price reductions with ongoing downward pressure.
- Global pricing trends and reimbursement policies increasingly influence U.S. prices, potentially limiting future price increases.
- Strategic lifecycle management, early biosimilar planning, and value-based agreements are essential for optimizing market position and revenue retention.
FAQs
1. What is the typical time frame for biosimilar entry affecting drugs like NDC 31722-0872?
Biosimilars typically enter the U.S. market around 10-12 years after the original biologic’s approval, corresponding to the expiration of data exclusivity and patent protections. Early biosimilar approvals have begun to accelerate this timeline.
2. How significantly will biosimilars impact the price of NDC 31722-0872?
Biosimilar entry generally results in an initial 15-25% reduction in list prices, with more substantial price decreases as more biosimilars become available. Reimbursement strategies and physician adoption also influence net pricing.
3. Are there indications that proprietary formulations or delivery methods could sustain higher prices?
Yes, innovations that improve safety, efficacy, or convenience can establish differentiators, allowing manufacturers to maintain premium pricing in the short to medium term.
4. How do international pricing policies affect U.S. drug prices?
International reference pricing exerts downward pressure on U.S. list prices, especially when countries enforce strict price controls, influencing negotiations and market access strategies.
5. What should manufacturers focus on to maximize revenue for drugs like NDC 31722-0872?
Effective patent lifecycle strategies, investing in indication expansions, engaging in value-based reimbursement negotiations, and preparing for biosimilar competition are key to maximizing revenue.
Sources
- IMS Health (IQVIA) Biologic Market Reports, 2022.
- FDA Biosimilar Approval Data, 2023.
- Centers for Medicare & Medicaid Services (CMS), Reimbursement Trends, 2022.
- PhRMA Biosimilar Development Pipeline, 2023.
- Global Pricing Reference Databases, 2022.
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