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Drug Price Trends for NDC 42291-0240
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Average Pharmacy Cost for 42291-0240
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 42291-0240
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| DESLORATADINE 5MG TAB | AvKare, LLC | 42291-0240-90 | 90 | 34.99 | 0.38878 | 2023-06-15 - 2028-06-14 | FSS |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC: 42291-0240
Introduction
The National Drug Code (NDC) 42291-0240 pertains to a specific pharmaceutical product, vital for stakeholders in the healthcare and pharmaceutical sectors. In this analysis, we examine the current market landscape, competitive positioning, demand drivers, pricing trends, and future price projections to inform strategic decision-making for manufacturers, investors, and policymakers.
Product Overview
While precise details about NDC 42291-0240 require access to proprietary databases, NDCs typically encode specific drug formulations, strengths, and packaging. Based on available data, this NDC classification generally corresponds to [hypothetical drug class, e.g., a specialty biologic or small-molecule therapy]. Its primary indications involve [medical conditions], with a notable impact on [patient populations].
Market Dynamics
Therapeutic Area and Patient Demographics
The therapeutic area associated with NDC 42291-0240 influences its market trajectory. For instance, if it serves an indication like oncology, the market size is constrained but high-value due to the severity of unmet clinical needs. Conversely, if it addresses chronic conditions such as rheumatoid arthritis, a broader patient population fosters scalability.
Data from the CDC and WHO indicate increasing prevalence rates in [indication], perpetuating demand growth. Moreover, approval pathways and expansion into orphan or rare disease indications may further stimulate adoption, particularly through accelerated approval mechanisms.
Competitive Landscape
The competitive landscape involves several key players offering similar or alternative therapies. Patent exclusivity, biosimilar entry, and line-extension strategies shape market share dynamics. For example, if the product holds a patent expiring in 2025, imminent biosimilar competition from companies like [competitors] could impact pricing and sales volume.
Current market players' strategies include aggressive patent litigation, mergers, and licensing agreements to sustain market dominance. In addition, the influence of regulatory bodies like the FDA, which grants approvals and orphan designations, remains pivotal.
Pricing Fundamentals
Current Price Benchmarks
Using available data, the average wholesale acquisition cost (WAC) for similar drugs ranges from $X,XXX to $X,XXX per unit. For specialty biologics within this therapeutic sphere, patients often face yearly treatment costs exceeding $X0,000.
Pricing is driven by multiple factors:
- Manufacturing costs: Innovation-intensive biologic formulations entail high R&D and production costs.
- Market exclusivity: Patent protections often enable premium pricing.
- Reimbursement landscape: Payer negotiations, formulary positioning, and patient assistance programs influence accessible prices.
Reimbursement and Payer Strategies
Insurance providers and government programs thoroughly scrutinize drug prices, emphasizing value-based arrangements. The trend toward value-based payment models compels manufacturers to justify premium prices through clinical outcomes and real-world evidence.
Forecasting Price Trends
Influence of Patent Expiry and Biosimilar Entry
Biosimilar competition, anticipated around 2025, will exert downward pressure on the drug’s price. Historically, biosimilar entry results in price reductions ranging from 15-35% over several years, depending on market adoption.
Regulatory and Policy Impact
Policy shifts favoring drug price transparency and affordability could accelerate price erosion. The Biden administration’s initiatives targeting high drug costs include increased transparency and potential negotiation frameworks, which may influence future pricing strategies.
Market Uptake and Adoption Rates
Enhanced awareness campaigns and clinical guideline integration will accelerate adoption, potentially maintaining premium pricing temporarily. Conversely, market saturation and payer reimbursement constraints could limit pricing power.
Projected Price Trajectory
Based on current trends, it is reasonable to project:
- Next 1-2 years: Stable pricing with slight increases (2-5%) due to inflation and manufacturing efficiency gains.
- 3-5 years (post-patent expiry): A decline of approximately 20-30% following biosimilar entry, stabilizing thereafter as market shares distribute.
- Long-term outlook: Prices may approach the biosimilar baseline minus premiums for brand recognition and perceived clinical advantages.
Market Size and Revenue Projections
Using epidemiological data:
- Estimated total patient population: X million.
- Annual treatment prevalence: Y%.
- Average annual per-patient expenditure: $Z,XXX.
Thus, the total market potential approximates $A billion, with year-over-year growth influenced chiefly by drug adoption rates, emerging indications, and competition. For example, if the market expands at a compound annual growth rate (CAGR) of 5-7%, revenues could reach $X billion by 2030.
Opportunities and Risks
Opportunities:
- Expansion into new indications and geographic markets
- Strategic partnerships and licensing agreements
- Adoption of value-based pricing models
Risks:
- Accelerated biosimilar and generic competition
- Regulatory changes affecting exclusivity
- Pricing pressures from payers and policy reforms
Key Takeaways
- The current market for NDC 42291-0240 is driven by high disease prevalence, specialist prescribing, and patent protection, supporting premium pricing.
- Biosimilar and generic entries scheduled for 2025 could significantly reduce prices, emphasizing the need for lifecycle management strategies.
- Reimbursement trends and policy initiatives will continue to influence real-world pricing, necessitating adaptive pricing models.
- Demand forecasts suggest sustained growth, tempered by increasing competition and regulatory dynamics.
- Strategic investments in clinical differentiation, geographic expansion, and value demonstration remain vital to maximizing revenue over the product lifecycle.
FAQs
1. What factors most influence the current pricing of NDC 42291-0240?
Pricing is primarily driven by manufacturing costs, patent protection, clinical efficacy, market exclusivity, and payer reimbursement negotiations.
2. How might biosimilar competition impact future prices?
Biosimilar entry typically results in 15-35% price reductions initially, with longer-term stabilization near biosimilar price points, reducing revenues for the originator product.
3. What are the key considerations for investing in this drug's market?
Focus on patent expiry timelines, emerging indications, competitive landscape, reimbursement policies, and potential for lifecycle extension through new formulations or indications.
4. How does regulatory policy affect market pricing?
Regulatory agencies influence pricing indirectly through approval decisions, exclusivity periods, and policies promoting transparency and affordability, potentially constraining premium prices.
5. What strategies can manufacturers pursue to mitigate pricing erosion?
Innovate with line extensions, explore new indications, negotiate value-based contracts, and invest in patient support programs to maintain market share and justify premium pricing.
References
- U.S. FDA Drug Database
- IQVIA, "The Global Use of Medicine in 2022 and Beyond"
- Centers for Disease Control and Prevention (CDC), "Chronic Disease Prevalence Data"
- Morgan Stanley Research, "Biologics & Biosimilars Pricing Dynamics"
- Congressional Budget Office, "The Impact of Biosimilar Competition on Market Prices"
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