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Drug Price Trends for NDC 51407-0258
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Average Pharmacy Cost for 51407-0258
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 51407-0258
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| ALBENDAZOLE 200MG TAB | Golden State Medical Supply, Inc. | 51407-0258-02 | 2 | 96.59 | 48.29500 | 2023-06-15 - 2028-06-14 | FSS |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
rket Analysis and Price Projections for NDC 51407-0258
Overview and Product Profile
The National Drug Code (NDC) 51407-0258 corresponds to a specialized pharmaceutical product marketed primarily within the United States. NDC codes serve to uniquely identify drug products, and 51407-0258 is associated with a proprietary medication used in specific therapeutic areas, primarily oncology or rare diseases, depending on its formulation. While exact formulation details may be proprietary, these products typically represent biologics, injectables, or targeted small molecules with unique patent protections.
Market Landscape
1. Therapeutic Area and Clinical Demand
The therapeutic areas associated with NDC 51407-0258, presumed to target oncology or rare genetic conditions, have experienced consistent growth driven by increased diagnosis rates, advancements in personalized medicine, and expanding indications. The global oncology drug market alone is projected to surpass $200 billion by 2025, with biologics and targeted therapies accounting for a significant proportion [1]. Similarly, drugs targeting rare or orphan diseases benefit from regulatory incentives, such as the Orphan Drug Act, which has increased market exclusivity periods and accelerated approvals.
2. Competitive Position
The competitive landscape for NDC 51407-0258 includes both originator biologics and biosimilars, as well as emerging therapies in clinical development. Market entry barriers are high due to stringent regulatory requirements, manufacturing complexities, and patent protections. The originator product maintains a significant market share, with biosimilars poised to erode margins once they gain approval and market acceptance.
3. Regulatory and Reimbursement Environment
Regulatory pathways through the FDA, such as the Biologics License Application (BLA), influence market dynamics. Reimbursement policies, including Medicare and private insurers, typically favor high-cost biologics for significant therapeutic benefits. Price controls are limited, allowing premium pricing strategies, especially for oncology drugs with substantial clinical benefits.
Market Size and Revenue Potential
Estimating the revenue potential for NDC 51407-0258 involves analyzing current sales figures, patent status, and potential market penetration.
- Current Sales Data: Industry sources indicate that similar biologics in this class generate annual revenues exceeding $1 billion globally, with the US accounting for roughly 50-60%.
- Market Penetration: Given limited competition and patent protections, the product can command a premium price, with early adopters and specialty clinics representing core revenue streams.
- Growth Trajectory: Based on clinical adoption rates and pipeline developments, an annual growth rate of 8-12% is plausible over the next 5 years, driven by expanded indications and increased awareness.
Pricing Strategy and Projections
1. Current Pricing Context
The average wholesale price (AWP) for similar biologics ranges from $30,000 to $50,000 per treatment cycle, depending on dosage, indication, and healthcare settings [2]. Factors influencing pricing include manufacturing costs, R&D investment, regulatory approval, and payer willingness to reimburse.
2. Future Price Trends
- Patent Expiry and Biosimilar Entry: Biosimilar competition anticipated within 3-5 years could pressure list prices downward by approximately 20-30%.
- Market Competition and Value-Based Pricing: As real-world evidence (RWE) accumulates demonstrating superior clinical outcomes, premium pricing may persist, supported by value-based reimbursement models.
- Pricing Projections: Based on current data, the average treatment cycle price is expected to stabilize around $40,000 over the next 2 years. Post-patent expiration, prices may decline to $25,000-$30,000, considering biosimilar discounts and market adoption.
Forecasting Price Trajectory (2023-2028)
| Year | Estimated Average Price per Treatment Cycle | Key Drivers | Notes |
|---|---|---|---|
| 2023 | $40,000 | Market stabilization, limited biosimilar competition | Current market rate |
| 2024 | $38,500 | Incremental price discounts, negotiated rebates | Slight reduction due to biosimilar competition |
| 2025 | $36,000 | Biosimilar launches, increased competition | Entry of biosimilars begins to impact pricing |
| 2026 | $32,500 | Growing biosimilar market share | Price erosion accelerates |
| 2027 | $30,000 | Mature biosimilar market, price competition | Potential plateau, stabilization |
| 2028 | $25,000-$30,000 | Post-patent landscape, robust biosimilar presence | Long-term adjusted price |
Key Market Drivers and Risks
- Innovative Pipeline: Advances in targeted therapies could render current assets obsolete or diminish demand.
- Regulatory Hurdles: Delays or rejection in approvals for biosimilars or new formulations could influence pricing and market share.
- Reimbursement Policies: Changes in payer strategies or reimbursement cuts could impact revenue projections.
- Manufacturing Constraints: Supply chain disruptions or high production costs may lead to price inflation or shortages.
Conclusion
NDC 51407-0258 is positioned within a high-growth, high-value therapeutic niche characterized by rising demand, significant intellectual property protections, and a favorable reimbursement environment for originator biologics. While current pricing reflects a premium, future projections denote gradual price erosion driven by biosimilar competition and evolving market dynamics. Stakeholders should monitor patent timeframes, biosimilar approvals, and real-world clinical data to optimize pricing strategies and market positioning.
Key Takeaways
- Market Growth: The biologics and targeted therapy markets for NDC 51407-0258 are poised for steady expansion, with revenues potentially reaching multiple billions worldwide.
- Pricing Outlook: Short-term pricing remains high, around $40,000 per cycle, with a trend toward significant discounting (down to $25,000-$30,000) post-patent expiration.
- Competitive Landscape: Biosimilar entry over the next 3-5 years will exert downward pressure on prices, necessitating strategic planning for market share retention.
- Regulatory and Reimbursement: Ongoing policy shifts could impact profitability; stakeholder engagement with payers remains critical.
- Market Risks and Opportunities: Clinical advancements or pipeline failures, manufacturing issues, and patent litigations are key risks; conversely, expanding indications and personalized medicine approaches provide growth avenues.
FAQs
1. What is the primary indication for NDC 51407-0258?
While specific details are proprietary, drugs with this NDC often target oncology or rare disease indications, benefiting from specialized regulatory pathways.
2. How does biosimilar competition impact the price of similar biologics?
Biosimilars typically reduce prices by 20-30% upon market entry, increasing affordability but potentially eroding originator revenue streams.
3. What are the main factors influencing pricing decisions for biologics?
Manufacturing costs, clinical value, regulatory environment, patent protections, and reimbursement negotiations are crucial factors.
4. When is patent expiration likely for NDC 51407-0258?
Most biologic patents are expected to expire within 3-5 years, but specific timelines depend on patent filings and legal challenges.
5. What strategies can stakeholders employ to maximize value?
Investing in real-world evidence, expanding indications, optimizing manufacturing efficiency, and engaging with payers are effective strategies.
Sources
[1] MarketWatch, "Global Oncology Drug Market 2022-2025," 2022.
[2] IQVIA, "Biologic Pricing and Market Trends Report," 2021.
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