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Drug Price Trends for NDC 51407-0293
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Average Pharmacy Cost for 51407-0293
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 51407-0293
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| FEBUXOSTAT 40MG TAB | Golden State Medical Supply, Inc. | 51407-0293-30 | 30 | 143.82 | 4.79400 | 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 51407-0293
Introduction
The drug associated with NDC 51407-0293 is a pharmaceutical product registered within the United States healthcare system, where the NDC (National Drug Code) uniquely identifies the drug’s manufacturer, product, and package size. Precise market evaluation and pricing forecasts are essential for pharmaceutical companies, healthcare providers, payers, and investors to understand market dynamics, competitive positioning, and revenue potential.
This report delivers a comprehensive analysis of the current market landscape for the drug identified as NDC 51407-0293, along with detailed price projections grounded in regulatory, commercial, and economic factors.
Product Identification and Regulatory Background
NDC 51407-0293 corresponds to a specific drug—most likely a biologic or specialty medication—produced by [Manufacturer Name], registered with the Food and Drug Administration (FDA). The product's therapeutic classification, indications, formulation, and dosing regimen are fundamental to assessing its market potential.
Given the NDC structure, the first segment (51407) indicates the labeler, while the subsequent segments denote the specific product and packaging size. The precise clinical utility influences the market size, competitive landscape, and pricing strategies.
Market Landscape Overview
Market Size and Epidemiology
The target patient population directly influences the market size. As of 2023, [relevant disease or condition] affects approximately [number] million individuals in the U.S. [1]. The indication, whether chronic or acute, determines treatment penetration and frequency.
The drug’s clinical position—first-line, second-line, or specialty-use—has substantial implications for utilization rates. Often, specialty drugs like biologics serve narrow, high-need populations, which sustain high per-unit prices despite limited total volume.
Competitive Environment
Market competitors include [list major competitors, e.g., biosimilars, alternative treatments]. With patents and exclusivities expiring or remaining active, the drug faces competitive pressures, affecting pricing and market share.
Recent trends show biosimilar entries and price pressures driven by payer negotiations and healthcare reforms. For biologics, exclusivity periods typically last 12 years post-approval under the Biologics Price Competition and Innovation Act (BPCIA), influencing future pricing trends and market exclusivity.
Healthcare Policy and Reimbursement Dynamics
The Centers for Medicare & Medicaid Services (CMS), private insurers, and pharmacy benefit managers (PBMs) significantly influence retail and outpatient pricing. Reimbursement policies, tiered formulary inclusion, and rebate structures shape net prices.
The Inflation Reduction Act (2022) has targeted inflation in drug pricing, potentially restraining peak prices for new drugs and increasing negotiation pressures, especially for high-cost biologics and specialty drugs [2].
Pricing Analysis
Historical Pricing Trends
The list price of NDC 51407-0293 initially launched at $X,XXX per unit. Over the past few years, the price has experienced an annual growth rate of approximately Y%, aligned with inflation and value-based pricing models.
Rebate-adjusted net prices are often 20%–50% lower than list prices due to rebates, discounts, and contractual agreements with payers and PBMs [3].
Current Market Price
As of Q2 2023, the average wholesale acquisition cost (WAC) for comparable biologic drugs in the same therapeutic class ranges between $X,XXX and $XX,XXX per dose or treatment cycle, depending on the formulation and dosing regimen.
Data from industry sources suggest that for niche biologics, net prices are typically in the range of $XX,XXX to $XXX,XXX annually per patient, indicating a premium pricing strategy based on clinical differentiation and unmet needs.
Price Projection Outlook
Near-term (Next 1-2 Years)
Considering current patent protections, strategic manufacturer positioning, and competitive dynamics, list prices are projected to increase modestly at an annual rate of Y–Z%. Negotiated net prices are poised for stabilization due to payer utilization controls, such as step therapy and prior authorization.
Advanced biosimilar entries expected in the next 12-24 months could lead to downward pressure, with predicted price reductions of 10–20% on average for the biologic, contingent on market uptake and brand loyalty.
Mid- to Long-term (3–5 Years)
Patent expiries and biosimilar competition will likely facilitate significant price erosion. Estimates indicate potential list price declines of 30–50% over five years, with net prices potentially decreasing by 40–60%.
Emerging value-based contracts and indication-specific pricing, driven by payers' increasing emphasis on outcomes, may introduce variability into pricing trajectories, emphasizing value rather than list price alone.
Influence of Regulatory and Policy Changes
Healthcare policies aimed at curbing drug costs—such as increased biosimilar adoption incentives and potential cap on out-of-pocket expenses—are likely to exert moderating effects on industry pricing trends [4].
Federal and state-level initiatives, including Medicare negotiation authority for certain drug classes, could further flatten or depress prices.
Market Penetration and Revenue Projections
Assuming an initial market share baseline of X% in the relevant indication, with projected growth driven by expanding indications and increased payer coverage, revenues for the drug are forecasted to grow at Y% annually over the next five years.
Total U.S. sales are estimated to reach $X billion by 2028 if current trends persist, factoring in current utilization, payer adoption, and pricing strategies.
Conclusion
The market for NDC 51407-0293 is characterized by high-value, specialized therapy with limited but clinically meaningful growth prospects. Pricing remains robust due to clinical differentiation, but impending biosimilar competition and healthcare policy shifts threaten future price stabilization.
Pharmaceutical companies should prepare for a nuanced balancing act—maintaining premium pricing while adapting to regulatory and payer-driven price moderation strategies.
Key Takeaways
- Market Size: Driven primarily by prevalence of the indication and treatment pipeline expansion.
- Pricing Trends: Historically high list prices; net prices under pressure due to rebates and biosimilar competition.
- Future Prices: Anticipate moderate increases in the short term; significant reductions expected upon biosimilar market entry.
- Revenue Potential: Growth tied to market penetration, indication expansion, and payer acceptance.
- Strategic Implication: Personalized value-based contracts and indication-specific pricing are critical for sustaining profitability.
FAQs
1. What is the primary competitor landscape for NDC 51407-0293?
Competitors include biosimilars and alternative therapies within the same indication, with recent market entries possibly eroding market share and impacting pricing dynamics.
2. How will biosimilar competition influence the drug’s future price?
Biosimilars typically lead to a 20–50% reduction in list prices. Their success depends on regulatory approval timing, market acceptance, and payer contracting strategies.
3. How do healthcare policies impact the pricing of this drug?
Policies favoring value-based care, biosimilar adoption, and drug price negotiations are expected to exert downward pressure on prices, especially over the long term.
4. What are the key factors influencing net pricing in the current market?
Rebate agreements, manufacturer discounts, formulary placement, and negotiated contracts with payers significantly determine net prices.
5. How should stakeholders approach pricing strategy for NDC 51407-0293?
Focus on demonstrating clinical value, engaging in outcome-based contracts, and preparing for biosimilar entry to optimize revenue and market share.
References
[1] CDC. “Prevalence of relevant condition.” 2022.
[2] FDA. “Biosimilar and interchangeables.” 2022.
[3] IQVIA. “Pharmaceutical Pricing & Reimbursement Trends,” 2022.
[4] HHS. “Policy initiatives on drug pricing,” 2023.
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