Introduction
The drug with the National Drug Code (NDC) 46122-394 is identified as Good Neighbor Pharmacy Acid Reducer, a generic version of famotidine, which is an oral tablet used to reduce stomach acid production. Here, we will delve into the market analysis and price projections for this drug.
Drug Overview
- Generic Name: Famotidine
- Proprietary Name: Good Neighbor Pharmacy Acid Reducer
- Dosage Form: Tablet
- Active Ingredient Strength: 10 mg/1
- Labeler Name: Amerisource Bergen[1].
Market Context
The pharmaceutical market is dynamic, with prices influenced by various factors including regulatory changes, competition, and economic conditions.
Specialty vs. Generic Drugs
Specialty pharmaceuticals, which treat complex or chronic conditions, are driving a significant portion of the price increases in the pharmaceutical market. However, generic drugs like famotidine, which are used for common conditions such as heartburn and acid reflux, tend to have more stable pricing due to higher competition[3].
Price Trends
Generic Drug Price Increases
Generic drugs have seen notable price fluctuations. For instance, the median price increase for generic drugs in 2022 was 19.9%, with some generic drugs experiencing dramatic price hikes, such as a 2,527% increase for a generic version of naproxen[5].
Current Pricing
As of the latest available data, the pricing for famotidine is generally stable due to its widespread use and the presence of multiple generic manufacturers. However, specific pricing can vary based on the region, distributor, and other market factors.
Projections for 2024-2025
Overall Pharmaceutical Market
Vizient, Inc. projects a 3.8% increase in drug prices for the period from July 1, 2024, to June 30, 2025, driven largely by specialty pharmaceuticals. However, generic drugs are expected to see minimal price increases, with biosimilars, which are biologic equivalents of branded drugs, expected to grow in market share and potentially stabilize or reduce prices for certain medications[3].
Specific Projections for Famotidine
Given that famotidine is a generic drug with multiple manufacturers, it is likely to experience minimal to no significant price increase. The competitive nature of the generic drug market tends to keep prices stable or slightly increasing, rather than experiencing the high inflation rates seen in specialty drugs.
Factors Influencing Price Stability
- Competition: The presence of multiple generic manufacturers for famotidine helps maintain competitive pricing.
- Regulatory Environment: Transparency and regulatory oversight can influence pricing decisions, though the impact on generic drugs like famotidine is typically less significant compared to specialty drugs.
- Market Demand: Consistent demand for acid reducers like famotidine ensures a stable market, which in turn stabilizes prices.
Supply Chain and Distribution
The supply chain for generic drugs like famotidine is generally robust, with multiple distributors and manufacturers ensuring a steady supply. This reduces the likelihood of significant price hikes due to supply chain disruptions[4].
Conclusion
For the drug with NDC 46122-394, Good Neighbor Pharmacy Acid Reducer (famotidine), the market analysis suggests:
- Stable Pricing: Due to the competitive nature of the generic drug market, prices for famotidine are likely to remain stable or see minimal increases.
- Minimal Impact from Specialty Drug Trends: The price trends driven by specialty pharmaceuticals are not expected to significantly impact the pricing of generic drugs like famotidine.
- Regulatory and Market Factors: The overall regulatory environment and market demand will continue to support stable pricing for this drug.
Key Takeaways
- Generic drugs like famotidine tend to have stable pricing due to competition.
- Specialty pharmaceuticals drive the majority of price increases in the pharmaceutical market.
- Regulatory transparency and market demand help maintain stable prices for generic drugs.
- The supply chain for generic drugs is generally robust, reducing the risk of significant price hikes.
FAQs
-
What is the generic name of the drug with NDC 46122-394?
- The generic name is famotidine.
-
What is the proprietary name of the drug with NDC 46122-394?
- The proprietary name is Good Neighbor Pharmacy Acid Reducer.
-
What is the expected price trend for generic drugs like famotidine in 2024-2025?
- The price trend is expected to be stable with minimal to no significant increases.
-
What factors influence the pricing of generic drugs like famotidine?
- Competition, regulatory environment, market demand, and supply chain stability.
-
How do specialty pharmaceuticals impact the pricing of generic drugs?
- Specialty pharmaceuticals generally do not significantly impact the pricing of generic drugs due to different market dynamics.
Sources
- FDA.report: NDC 46122-394 Oral Tablet Good Neighbor Pharmacy Acid Reducer.
- Missouri Department of Social Services: Jan-2023 MISSOURI SPECIALTY MAC NAME OF DRUG Strength NDC Price.
- Vizient, Inc.: Vizient Projects 3.8% Drug Price Increase Driven by Specialty Pharmaceuticals.
- YouTube: NDC Directory (March 2015).
- Oregon Department of Consumer and Business Services: Prescription Drug Price Transparency Results and Recommendations.
Last updated: 2024-12-31
