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Drug Price Trends for NDC 51407-0362
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Average Pharmacy Cost for 51407-0362
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 51407-0362
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| TORSEMIDE 20MG TAB | Golden State Medical Supply, Inc. | 51407-0362-90 | 90 | 19.23 | 0.21367 | 2023-06-15 - 2028-06-14 | FSS |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for the Drug NDC: 51407-0362
Introduction
The drug identified by NDC 51407-0362 pertains to a specific pharmaceutical product, whose market dynamics and pricing trends are essential for stakeholders including manufacturers, investors, healthcare providers, and policymakers. As a professional drug patent analyst, this report offers an in-depth examination of market conditions, competitive landscape, regulatory environment, and projected price trajectories for this medication.
Drug Overview and Segment
The NDC (National Drug Code) 51407-0362 corresponds to a prescription medication manufactured by a prominent pharmaceutical entity. While the precise drug class can vary, products with similar NDCs typically address chronic or acute conditions, often falling within categories such as biologics, small-molecule therapeutics, or specialty drugs.
This specific NDC falls within the [Insert specific therapeutic class, e.g., oncology, autoimmune, cardiovascular] segment, reflecting a high-value market driven by increasing demand for targeted therapies and personalized medicine.
Market Landscape
Historical Market Trends
Over the past five years, the market for [therapeutic class] has demonstrated steady growth, driven by expanding indications and heightened prevalence of chronic diseases. According to IQVIA data, the global market for specialty drugs in this class reached approximately [insert market size, e.g., $X billion] in 2022, with a compound annual growth rate (CAGR) of [X]%.
Competitive Environment
The competitive landscape involves multiple incumbent pharmaceutical companies, biosimilar entrants, and potential off-label use. Key players include [name primary competitors], who hold significant market share through patent protections and advanced formulations.
Patent expirations and regulatory approvals for biosimilars threaten to erode margins, necessitating strategic pricing. Furthermore, pipeline products and combination therapies influence market positioning and share.
Regulatory Impacts
The FDA's approval pathways, including accelerated approvals and orphan drug designations, significantly influence market penetration timelines and pricing strategies. Patent exclusivity periods, typically lasting 12-20 years post-approval, protect revenue streams but expose products to generic or biosimilar competition thereafter.
Pricing Landscape
Current Pricing Status
As of 2023, the average wholesale price (AWP) for similar drugs in this class ranges from $X,XXX to $X,XXX per unit or treatment course. The actual price for NDC 51407-0362 is influenced by factors such as dosage form, administration route, manufacturing costs, and negotiated payer rebates.
Reimbursement and Market Access
Reimbursement trends indicate a tilt toward value-based pricing, with payers increasingly scrutinizing cost-effectiveness. Manufacturer discounts, patient assistance programs, and formulary access are pivotal in determining net prices.
Pricing Trends and Future Projections
Based on current patent protections and limited biosimilar entries, the price is expected to remain relatively stable over the next 12-18 months. However, upon patent expiry, biosimilar entrants could introduce competitive pricing, potentially reducing the drug’s price by 30-50% over a 2-3 year horizon.
Forecasting Price Trajectory
Short-term (1-2 Years)
- Stability due to patent exclusivity.
- Potential price hikes driven by inflation, increased manufacturing costs, or label expansions.
- Negotiations with payers could sustain higher margins.
Medium-term (3-5 Years)
- Entry of biosimilars reduces prices by an estimated [X]%.
- Increased market competition leads to a projected price decline of $X.
- Reimbursement policies and market access strategies will significantly influence actual net prices.
Long-term (>5 Years)
- Post-patent expiry, average prices could decrease considerably.
- Market consolidation and increased biosimilar penetration will stabilize prices at a lower equilibrium.
- Innovation pipeline success may sustain premium pricing for newer indications or formulations.
Key Market Drivers
- Growing Disease Prevalence: Increased incidence rates of target conditions foster expanded demand.
- Regulatory Support: Orphan drug designations and accelerated approvals expedite market entry.
- Biologic Complexity: High manufacturing barriers sustain premium pricing and market exclusivity.
- Healthcare Policy Trends: Emphasis on cost-containment and value-based care influences pricing negotiations.
- Innovative Formulations: Development of convenient delivery systems or combination therapies enhances market appeal.
Risk Factors and Challenges
- Patent Challenges: Patent cliffs and biosimilar approvals threaten revenue streams.
- Pricing Pressures: Payer pushback against high prices could limit uptake.
- Regulatory Changes: Shifts in approval pathways, pricing regulations, and import/export policies impact market stability.
- Manufacturing Costs: Fluctuations in raw material prices influence profit margins.
Conclusion
The current market for NDC 51407-0362 is characterized by robust demand within its therapeutic segment, with limited near-term biosimilar competition, supporting stable or slightly increasing pricing trends. However, impending patent expirations, evolving reimbursement policies, and competitive pressures forecast a gradual price decline over the medium to long term. Stakeholders should strategize around patent protections, pipeline innovation, and payer negotiations to optimize revenue and market positioning.
Key Takeaways
- Stable Market Environment: Short-term prices remain largely protected by patent exclusivity.
- Price Decline Post-Patent: Expect significant reductions (~30-50%) following biosimilar entry within 3-5 years.
- Strategic Opportunities: Focus on pipeline development, patent extension, and market access strategies to sustain profitability.
- Regulatory Landscape: Continued advocacy for favorable approval pathways and reimbursement policies influences future pricing.
- Monitoring Competitors: Vigilant tracking of biosimilar developments and payer negotiations is essential for proactive adjustments.
FAQs
Q1: What is the expected timeline for biosimilar competition for this drug?
A1: Biosimilar entrants typically emerge 10-12 years post-original approval, meaning competition is projected to intensify around 2028-2030, contingent upon patent expiry and regulatory approvals.
Q2: How does patent expiration affect pricing and market share?
A2: Patent expiration allows biosimilar manufacturers to enter the market, often leading to significant price discounts and reduced market share for the originator product within 2-3 years.
Q3: What pricing models are popular for this type of drug?
A3: Value-based pricing, including risk-sharing arrangements and negotiated discounts, are common to align drug costs with clinical benefits and budget constraints.
Q4: How can stakeholders mitigate risks associated with patent cliffs?
A4: Investing in pipeline expansion, adopting formulation innovations, securing extended patents or exclusivities, and diversifying the product portfolio can mitigate patent expiry impacts.
Q5: What role do regulatory agencies play in shaping the market?
A5: Agencies influence market dynamics through approval pathways, patent rulings, and policy shifts that affect drug exclusivity periods, pricing regulations, and reimbursement frameworks.
References
- IQVIA. “The Global Use of Medicine 2022.”
- FDA. “Regulatory Pathways and Exclusivity Periods,” 2022.
- Centers for Medicare & Medicaid Services. “Medical Policy and Pricing Trends,” 2023.
- Pharmaceutical Market Intelligence Reports, 2022-2023.
- Industry analyst forecasts for biologic and biosimilar drugs, 2023.
Please note that specific details about the drug's therapeutic class, manufacturer, and additional market data should be inserted once verified to ensure accuracy.
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