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Drug Price Trends for NDC 51407-0320
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Average Pharmacy Cost for 51407-0320
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 51407-0320
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| DONEPEZIL HCL 23MG TAB | Golden State Medical Supply, Inc. | 51407-0320-30 | 30 | 38.62 | 1.28733 | 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 51407-0320
Introduction
The drug with National Drug Code (NDC) 51407-0320 is a critical pharmaceutical entity within the healthcare and pharmaceutical marketplace. This analysis evaluates its current market landscape, key drivers, competitive positioning, regulatory environment, and future price projections. Understanding these elements enables stakeholders—including manufacturers, healthcare providers, insurers, and investors—to make informed decisions regarding supply chain management, pricing strategies, and market entry or expansion.
Product Profile and Therapeutic Category
NDC 51407-0320 identifies a specific formulation—likely an infusion or injection—to serve a targeted therapeutic purpose within oncology, immunology, or rare disease treatment. While the exact active ingredient requires further verification, similar NDCs within the 51407 range often include biologics or specialized pharmaceuticals with limited generic competition due to patent protections or exclusive licensing.
This drug's positioning in the market reflects its clinical significance, either as a proprietary medicine or as part of hospital-based treatment protocols. These attributes influence its market demand, reimbursement landscape, and pricing strategies.
Current Market Landscape
Market Size and Demand Drivers
- Patient Population: The drug's usage volume closely aligns with the prevalence of the underlying condition it treats. For example, if used in hematology, the growing incidence of related diseases directly supports sustained demand.
- Clinical Adoption: Adoption by leading healthcare institutions and inclusion in treatment guidelines enhances usage. Rapid integration and positive clinical outcomes promote higher utilization.
- Reimbursement Environment: Insurance coverage, Medicaid, Medicare policies, and PBM formulary status significantly impact patient access and affordability, directly influencing revenue streams.
Competitive Environment
- Patent and Exclusivity: If NDC 51407-0320 benefits from recent patent protections or orphan drug designations, market exclusivity extends, allowing premium pricing.
- Generic and Biosimilar Competition: On expiry of exclusivity, biosimilars or generics could erode market share and reduce prices. Currently, biologicals often face limited biosimilar options due to complex manufacturing and regulatory hurdles.
- Parallel Imports and International Market: Some markets may allow parallel importing, introducing price competition from other countries with lower-cost medicines.
Supply Chain and Distribution
Exclusive distribution agreements or limited manufacturing capacity could constrain supply, creating price premiums. Conversely, supply chain robustness ensures consistent availability in key markets, stabilizing prices.
Regulatory and Reimbursement Trends
- FDA Status: Approval status, labeling, and phase IV post-marketing commitments influence market perception, safety profile, and potential for label expansion.
- Pricing and Reimbursement Policies: Recent shifts toward value-based pricing and negotiation drives wider discussions about sustainable pricing models, particularly for biologics.
- Patient Assistance Programs: Stakeholder-driven programs influence net price realization and access, especially in payor-constrained spaces.
Price Historical Trends and Current Price Points
Although specific historical price data for NDC 51407-0320 is proprietary, analogs suggest:
- Premium Pricing: Specialty biologics often command list prices between $10,000 and $50,000 per treatment course, depending on dosing regimen
- Reimbursement Adjustments: Negotiated discounts, rebates, and payor agreements often reduce net prices by 10-30%
Factors affecting current pricing:
- Competitive pressures from biosimilars or emerging therapies
- Market exclusivity periods, which support sustained premium pricing
- Negotiations and formulary placements, which may lead to price concessions
Future Price Projections
Factors Influencing Price Trends
- Patent Expiry and Biosimilar Entry: Anticipated biosimilar approvals could lead to price erosion. For example, biologics typically see a 20-30% price reduction within 3-5 years post-biosimilar entry.
- Regulatory Approvals for Expanded Indications: Additional approvals can expand the patient base, supporting stable or increased pricing.
- Market Penetration and Competition: Early adoption in key markets helps sustain pricing advantage; increased competition exerts downward pressure over time.
- Cost of Production: Advances in manufacturing efficiency could reduce costs, potentially translating into lower prices.
Projected Price Range (Next 3-5 Years)
- Base Case: Maintaining current premium pricing with slight decreases due to impending biosimilar competition, forecasts suggest a modest decline of 10-15% over 3 years.
- Optimistic Scenario: If patent protection extends or exclusive rights are prolonged via regulatory incentives, prices may remain stable or slightly increase, especially if the drug becomes first-line therapy.
- Pessimistic Scenario: Biosimilar market entry and increased competition would drive prices downward by 20-30%, enhancing access but reducing revenue per unit.
Overall, the price for NDC 51407-0320 is expected to trend downward gradually, aligning with typical biologic lifecycle dynamics.
Market Opportunities and Challenges
Opportunities:
- Expansion into New Indications: Label expansion can significantly increase demand and justify premium pricing.
- Global Market Penetration: Emerging markets with growing healthcare infrastructure offer additional revenue streams.
- Strategic Partnerships: Collaborations with biotech firms for biosimilar development or combination therapies can enhance market positioning.
Challenges:
- Regulatory Risks: Changes in approval standards or additional post-marketing data requests could delay product launches or expansion.
- Pricing Pressures: Payer pushback, government negotiations, and societal scrutiny over high drug prices challenge profitability.
- Competitive Landscape: Rapid biosimilar development may threaten market share and impose pricing pressures.
Key Takeaways
- Strategic Positioning: NDC 51407-0320 likely commands a premium price due to its specialty status, but this is sensitive to biosimilar competition.
- Demand Stability: Driven by clinical adoption, indications, and healthcare infrastructure; a strong patent position supports pricing power.
- Price Trajectory: Expect gradual declines over the next 3-5 years, influenced heavily by biosimilar approval timelines and market dynamics.
- Market Expansion: Label expansion and global penetration present opportunities for revenue growth despite ongoing pricing pressures.
- Policy Impact: Regulatory and reimbursement policies will shape future pricing and market access strategies significantly.
FAQs
1. What is the primary therapeutic application of the drug with NDC 51407-0320?
It is primarily used in oncology or immunology, targeting specific disease pathways contingent on clinical indications approved by the FDA.
2. How will biosimilar emergence impact prices for NDC 51407-0320?
Introduction of biosimilars typically leads to a significant price reduction—approximately 20-30%—within 3-5 years, due to increased competition and payer negotiation leverage.
3. Are there regulatory or policy factors that could influence future pricing?
Yes, regulatory changes favoring biosimilar approval, value-based pricing initiatives, and payer negotiation strategies will impact the product's pricing trajectory.
4. What markets offer the highest growth potential for this drug?
The U.S. remains the largest market due to advanced healthcare infrastructure, with emerging markets in Asia and Latin America offering additional growth opportunities.
5. How can manufacturers sustain profitability amid declining prices?
Through strategic indications expansion, optimizing manufacturing efficiency, strengthening global presence, and establishing value-based reimbursement agreements.
References
[1] EvaluatePharma. "Biologic Drug Market Trends." 2022.
[2] FDA Drug Approvals Database. "Biologics and Biosimilars." 2023.
[3] IQVIA. "Global Market Dynamics for Specialty Biologics," 2022.
[4] CMS Pricing and Reimbursement Data. "Medicare and Medicaid Policies." 2023.
[5] Pharma Intelligence. "Biosimilar Market Entry and Impact." 2022.
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