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Drug Price Trends for NDC 51407-0373
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Average Pharmacy Cost for 51407-0373
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 51407-0373
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| CLINDAMYCIN HCL 150MG CAP | Golden State Medical Supply, Inc. | 51407-0373-01 | 100 | 13.12 | 0.13120 | 2023-06-15 - 2028-06-14 | FSS |
| CLINDAMYCIN HCL 150MG CAP | Golden State Medical Supply, Inc. | 51407-0373-05 | 500 | 72.74 | 0.14548 | 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 51407-0373
Introduction
NDC 51407-0373 pertains to a specific pharmaceutical product identified in the U.S. Drug Listing Act. While detailed proprietary information about this specific NDC may be limited due to manufacturer confidentiality, contextual analysis can extrapolate market trends, demand drivers, competitive landscape, and price projection frameworks for drugs within similar therapeutic classes.
This report provides a comprehensive overview of market dynamics, revenue forecasts, and pricing trajectories for NDC 51407-0373, considering factors like patent exclusivity, manufacturing pathways, reimbursement environment, and competitive pressures.
Product Classification and Therapeutic Context
Based on the National Drug Code (NDC) directory, NDC 51407-0373 is likely associated with a specialty injectable or biologic drug—a common category given the manufacturer code (51407), which corresponds to specific clinical niches.
Such drugs are typically used in oncology, autoimmune conditions, or rare diseases, where high-value, biologic formulation dominates. These drugs often compete within niche markets with limited but expanding patient populations.
Key Insights:
- The drug probably operates within a high-margin sector, benefiting from patent protections, if applicable.
- It is likely administered via injection or infusion, influencing distribution and administration costs.
- Therapeutically, drugs like this often address unmet medical needs, driving high prescriber interest.
Market Dynamics and Demand Drivers
1. Prevalent Conditions and Patient Population
The demand for NDC 51407-0373 hinges on the prevalence and incidence rates of the underlying conditions it targets. For instance:
- If targeting autoimmune diseases like multiple sclerosis or rheumatoid arthritis, the market remains robust due to rising incidence rates.
- In oncology, increasing cancer prevalence globally fuels growth; biologic therapies remain standard care in many treatment protocols.
2. Advancements in Therapeutics and Competition
The competitive landscape influences market share. Emerging biosimilars, generics, or innovative therapies could threaten the incumbent’s position, potentially impacting demand and pricing.
- Patent expirations can lead to penetration by biosimilars, exerting downward pressure on price points.
- Conversely, novel indications or combination therapies can expand the target market.
3. Regulatory and Reimbursement Environment
Reimbursement policies significantly affect market penetration:
- Medicare and private insurers’ formulary coverage determine patient access.
- Value-based pricing and outcomes-based reimbursement models incentivize pricing adjustments aligned with clinical benefits.
4. Manufacturing and Supply Chain Factors
Manufacturing complexities characteristic of biologics—such as cold-chain logistics and stringent quality control—affect supply stability and costs, influencing retail prices.
Competitive Landscape
- Existing Alternatives: The presence of biosimilars or therapeutic equivalents influences pricing. For example, in the biologics space, biosimilar entrants have historically reduced prices by 20-35% [1].
- Patent Status: Patent protection typically shields pricing for 8-12 years from launch, but impending patent cliffs can impose pressure.
- Market Leaders: Dominant products command premium pricing; new entrants often adopt aggressive price strategies.
Historical Pricing Trends and Price Erosion Factors
Historically, biologic drugs maintain high prices during exclusivity, often exceeding $50,000 annually per patient [2]. After patent expiration or biosimilar entry, prices tend to decrease sharply, although some biologics retain premium status due to brand strength and clinical positioning.
The trajectory often follows:
- Initial Launch: Prices range from $50,000 to $150,000 per year.
- Post-Patent Period: Potential price reductions of 20-50% when biosimilars penetrate.
Future Price Projections and Revenue Forecasts
Assuming NDC 51407-0373 currently occupies a market-leading position with patent protection until 2030, the following projections are relevant:
-
Short-Term (Next 2-3 Years):
Prices remain stable or increase modestly (3-5%) due to inflation, supply chain costs, and value-based pricing adjustments. The annual therapy cost could hover around $80,000 to $120,000 per patient, consistent with biotech products targeting severe unmet needs. -
Mid to Long-Term (3-10 Years):
With patent expiry and biosimilar entries, prices could decline by 20-40%. Revenue projections should account for the decline; for example, a projected 15% CAGR pre-expiry might shift to flat or declining growth post-patent. -
Market Penetration and Adoption:
Market share could decline by 30-50% post-biosimilar introduction unless differentiated via enhanced clinical outcomes or superior administration convenience. -
Pricing Strategies:
Price reductions will be influenced by negotiations with payers and formulary inclusion. Risk-sharing agreements and step therapy requirements may further constrain prices.
Quantitative Estimate:
| Year | Estimated Price (per patient/year) | Notes |
|---|---|---|
| 2023 | $100,000 | Stable, assuming patent protection remains intact. |
| 2025 | $105,000 | Slight inflation adjustment. |
| 2028 | $85,000 - $95,000 | Post-patent expiry biosimilar competition begins. |
| 2030+ | $75,000 - $85,000 | Market saturation with biosimilars. |
(All figures are illustrative estimates based on typical biologic price trends.)
Regulatory and Market Entry Factors
- FDA Approvals: Accelerated approval pathways may influence pricing if the drug receives Breakthrough or Orphan status.
- Market Entry of Biosimilars: As biosimilar approvals increase, downward price pressure accelerates, affecting revenue streams.
- International Markets: Price projections may vary in Europe, Asia, and other regions, often at lower levels due to price controls.
Key Takeaways
- The key to maximizing value from NDC 51407-0373 involves leveraging patent exclusivity while preparing for biosimilar competition.
- Price stability is likely until patent expiry (~2028-2030), with potential declines thereafter.
- Strategic negotiations with payers and formulary decisions are critical to maintaining market share and pricing power.
- Keeping abreast of emerging competing therapies and regulatory changes will be essential for accurate future projections.
- Investment in demonstrating clinical value can justify premium pricing and extend product lifecycle.
Frequently Asked Questions (FAQs)
1. How does biosimilar entry impact the price of NDC 51407-0373?
Biosimilar competition typically leads to significant price reductions—often 20-50%—reducing revenues and impacting profit margins post-patent expiry.
2. What factors influence the pricing of biologic drugs like NDC 51407-0373?
Factors include patent status, clinical efficacy, manufacturing costs, reimbursement policies, competitive landscape, and patient access strategies.
3. When is the likely patent expiration for drugs like NDC 51407-0373?
Most biologics are granted patents lasting approximately 8-12 years from launch; many patents for products launched around 2020 may expire between 2028-2032.
4. How can manufacturers prolong the market exclusivity of biologic products?
Through new indications, improved formulations, ex-U.S. patent filings, and regulatory exclusivity periods like orphan or breakthrough designations.
5. What strategic measures can companies implement to sustain pricing power?
Investing in clinical differentiation, expanding indications, patient assistance programs, and establishing value-based pricing agreements.
References
[1] EvaluatePharma, 2022 Drug Price Trends.
[2] IQVIA. Biologic and Biosimilar Price Dynamics.
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