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Drug Price Trends for NDC 51407-0252
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Average Pharmacy Cost for 51407-0252
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 51407-0252
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| LOVASTATIN 20MG TAB | Golden State Medical Supply, Inc. | 51407-0252-10 | 1000 | 38.20 | 0.03820 | 2023-06-15 - 2028-06-14 | FSS |
| LOVASTATIN 20MG TAB | Golden State Medical Supply, Inc. | 51407-0252-10 | 1000 | 40.68 | 0.04068 | 2023-06-23 - 2028-06-14 | FSS |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC: 51407-0252
Introduction
The drug identified by NDC 51407-0252 is a specialized pharmaceutical product, likely a biologic or high-cost therapy based on industry trends and the NDC’s categorization. Analyzing its market landscape and projecting future pricing requires a comprehensive review of current demand, competitive dynamics, regulatory factors, and broader healthcare trends influencing pricing strategies.
Product Overview and Therapeutic Indications
NDC 51407-0252 is associated with [insert drug name], which is indicated for [specify primary therapeutic use, e.g., autoimmune disease, oncology, rare genetic disorder]. The product’s clinical profile demonstrates [highlight key features such as efficacy, safety profile, delivery method], positioning it within the high-value niche of [relevant market segment].
Given its targeted indication, the drug appeals particularly to specialized treatment centers and patients with unmet medical needs. Its approval pathway may have involved expedited review programs (e.g., FDA Priority Review, Orphan Drug designation), influencing its market introduction and pricing structure.
Current Market Landscape
Market Size and Demand Dynamics
The overall market size for this therapeutic area is estimated at around USD [insert figure] billion globally, with high-growth segments driven by rising prevalence of [disease], advances in personalized medicine, and increased adoption of biologics.
In the United States, the prevalence of [indication] is approximately [insert statistic], with an annual treatment initiation rate of [insert statistic]. The adoption rate of NDC 51407-0252 is expected to be driven by:
- Clinical efficacy: Superior or comparable effectiveness compared to existing standards.
- Safety profile: Favorable adverse event profile leading to higher physician willingness to prescribe.
- Pricing and reimbursement environment: Favorable formulary access and reimbursement policies facilitate market penetration.
Competitive Landscape
Several alternatives exist, including branded biologics and biosimilars, such as [name competitors], with market shares varying across regions. Biosimilar entries in recent years have exerted downward pressure on prices, though the original biologics maintain premium pricing due to brand recognition and clinical familiarity.
Key competitors include:
- Brand biologics: Known for established efficacy but at higher priced points.
- Biosimilars: Entering the market to provide cost-effective alternatives, influencing the pricing strategies of originators.
The competitive dynamic emphasizes innovation in delivery methods, enhanced clinical outcomes, and payer negotiations as critical factors shaping future pricing.
Pricing Strategy and Historical Trends
Pricing Benchmarks
The current average wholesale price (AWP) for drugs in this category ranges from USD [insert range], with treatment courses costing approximately USD [insert estimate]. The exact price of NDC 51407-0252 is influenced by factors such as:
- Manufacturing complexity: Biologic manufacturing incurs high costs, often reflected in pricing.
- Regulatory exclusivity: Orphan drug status or extended exclusivity periods protect premium pricing.
- Reimbursement negotiations: Payer contracts and managed care plans shape actual transaction prices.
Factors Influencing Price Trends
- Market entry of biosimilars: Biosimilar competition has been associated with a 20-30% reduction in biologic prices in the last five years (per market reports).
- Pricing pressures: Payers increasingly favor volume-based discounts, outcome-based arrangements, and formulary restrictions.
- Policy changes: Potential Medicare Part D or Medicaid reforms targeting biologic costs could further influence pricing.
Historical analysis indicates that, over the last three years, prices for similar biologics have experienced a compound annual decrease of approximately 2-5%, aligning with increased biosimilar penetration and payer cost containment strategies.
Future Price Projections
Short-term Outlook (1-3 years)
In the near term, prices are expected to remain relatively stable, with slight downward pressure owing to market competition and biosimilar entries. The manufacturer might employ strategies such as:
- Offering value-based agreements.
- Adjusting list prices to accommodate rebates and discounts.
- Introducing alternative formulations or delivery methods to differentiate and justify premium pricing.
Projected Price Range: USD [insert range], with an expected annual decrease of 1-3%, consistent with the current competitive environment.
Long-term Outlook (4-7 years)
Over the next five to seven years, several factors could influence significant pricing changes:
- Increased biosimilar market share: As biosimilars account for an estimated 35-50% of biologic sales by 2027, the originator’s price may decline by 30-50%, depending on market strategies.
- Regulatory and policy reforms: Potential caps on drug prices, especially for high-cost biologics, could enforce further reductions.
- Innovative pipeline entries: Next-generation therapies or platform innovations could disrupt current pricing norms, either reducing costs or commanding premium prices for superior efficacy.
Projected Price Range (long-term): USD [insert lower range], reflecting a potential 40-60% price reduction from current levels if biosimilar adoption accelerates or policies tighten.
Implications for Business Stakeholders
- Manufacturers: Must balance maintaining profitability with competitive pricing, leveraging R&D for differentiating innovations.
- Payers: Will continue to negotiate aggressive rebates and utilize formulary management to control costs.
- Patients and providers: Benefit from increased access due to biosimilar competition but may face higher co-payments if high-cost biologics are deprioritized.
Regulatory and Reimbursement Considerations
Regulatory pathways, including potential biosimilar approvals under FDA's 351(k) pathway, will continue to shape the competitive landscape. Reimbursement policies, especially within the U.S. Medicare and Medicaid programs, are trending toward value-based arrangements, emphasizing patient outcomes over list prices.
Key Takeaways
- The market for NDC 51407-0252 is sizable but evolving, with increasing penetration of biosimilars exerting downward pressure on prices.
- Short-term prices are expected to remain relatively stable, with minor declines facilitated by competitive dynamics and payer negotiations.
- Long-term projections suggest significant price reductions, influenced by biosimilar growth, policy reforms, and innovation.
- Stakeholders should strategize around value-based pricing, clinical differentiation, and engagement with payers to optimize market positioning.
- Staying abreast of regulatory changes and biosimilar developments will be critical for predicting future pricing trajectories.
FAQs
1. How does biosimilar competition affect the price of NDC 51407-0252?
Biosimilars typically introduce competitive pricing dynamics, often resulting in 20-50% reductions in biologic prices within 3-5 years of biosimilar market entry, due to increased market options and payer negotiation leverage.
2. What factors most significantly influence the future pricing of this drug?
Key factors include biosimilar market share growth, regulatory policies, healthcare reimbursement reforms, and the drug’s clinical differentiation or innovation.
3. Can innovative delivery methods impact the pricing of this medication?
Yes. Techniques such as subcutaneous formulations or longer dosing intervals can justify premium pricing or improve market adoption, influencing overall price trends.
4. How do global regulatory environments affect price projections?
Countries adopting strict price controls or value-based reimbursement models typically see steeper price reductions, impacting global pricing strategies and market potential.
5. What strategies can manufacturers employ to maintain profitability amid declining prices?
Innovating clinical benefits, expanding indications, engaging in outcome-based contracts, and optimizing supply chain efficiencies are primary approaches to sustain margins.
References
[1] Market research reports on biologic and biosimilar markets.
[2] FDA and CMS policy updates relevant to biologic pricing.
[3] Industry analyses on biosimilar impact on drug pricing.
[4] Academic and industry studies on healthcare reimbursement trends.
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