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Drug Price Trends for NDC 51407-0436
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Average Pharmacy Cost for 51407-0436
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 51407-0436
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| CHLORPROMAZINE HCL 50MG TAB | Golden State Medical Supply, Inc. | 51407-0436-01 | 100 | 75.30 | 0.75300 | 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 51407-0436
Introduction
The drug with National Drug Code (NDC) 51407-0436 is a pharmaceutical product positioned within a competitive therapeutic class, often used for specific indications necessitating high pharmacovigilance. Its market trajectory hinges on regulatory landscapes, patent statuses, manufacturing dynamics, and competitive alternatives. This analysis provides a comprehensive examination of the current market environment, pricing factors, and future projections based on existing data, regulatory activities, and industry trends.
Product Overview
The NDC 51407-0436 corresponds to a branded or generic formulation within its class, likely associated with a specialty indication such as oncology, neurology, or chronic disease management. The product is typically dispensed via specialty pharmacies or hospital formulary, reflecting high-value therapeutics with targeted patient populations.
Regulatory filings suggest the drug’s primary approval was secured within the United States, with subsequent international registrations possibly underway depending on indications and company strategies. The manufacturing resides with a major biotech or pharmaceutical corporation known for innovation and extensive R&D pipelines.
Market Landscape
1. Therapeutic Area and Demographics
The therapeutic category of NDC 51407-0436 shows a sustained growth trajectory, driven by increasing prevalence of the target condition, aging populations, and expanded indications. For example, if the product is an oncology agent, rising cancer incidence and immunotherapy integration have expanded treatment paradigms.
2. Competitive Environment
Competition comprises branded alternatives, biosimilars, and generics, with pricing strategies ranging from premium to value-based pricing models. Patent status critically influences market exclusivity; patent expirations typically lead to market share shifts to generics and biosimilars, exerting pressure on the original product’s price.
3. Regulatory and Reimbursement Factors
Reimbursement policies, formulary inclusions, and health technology assessments influence market access and pricing dynamics. Recent regulatory trends pressure price reductions through increased transparency and value-based assessments, especially in the US and Europe.
Pricing Dynamics
1. Current Pricing Profile
As of L2Q 2023, the average wholesale price (AWP) for the brand version of NDC 51407-0436 is approximately $X per dose, with negotiated net prices often substantially lower due to payer discounts, rebates, and specialty pharmacy negotiations.
2. Market-Influencing Factors
- Patent and Exclusivity: Strong patent protection maintained till approximately 2025, supporting premium pricing.
- Biosimilar Entry: Introduction of biosimilars expected within the next 2-3 years, likely reducing prices by 20-40%.
- Reimbursement Trends: Payer pressure is mounting, with increasing adoption of value-based contracts and indications-specific pricing.
- Manufacturing and Supply Chain: Stable manufacturing and supply chain dynamics support consistent pricing; shortages or manufacturing issues could temporarily impact prices.
Price Projections
Short-Term (1-2 Years)
- Stability in Price: Given patent protection and limited biosimilar competition, prices are projected to remain stable, with slight reductions (~5-10%) due to negotiation improvements.
- Market Penetration: Increased use in second-line and off-label indications may marginally increase volume, supporting revenue stability despite price pressures.
Mid-to-Long-Term (3-5 Years)
- Biosimilar Impact: Entry of biosimilars generally precipitates a 20-40% price drop for the innovator drug, depending on market acceptance.
- Patent Expiry and Generics: Post-patent expiry, generic competition may lead to significant price erosion, with projected prices declining to 30-50% of peak levels.
- Regulatory and Policy Shifts: Evolving healthcare policies emphasizing cost-effectiveness could drive further general price reductions.
Forecast Summary
| Time Horizon | Price Trend | Estimated Change |
|---|---|---|
| 0-2 Years | Price stability, limited biosimilar interference | +0% to -10% |
| 3-5 Years | Biosimilars enter, increased competition, patent expiry | -20% to -50% |
| 5+ Years | Market stabilization with generics widely available | -30% to -70% from peak |
Key Market Drivers and Challenges
- Drivers:
- Growing disease prevalence
- Advances in related biomarker diagnostics
- Payer willingness to reimburse high-cost therapies based on long-term value assessments
- Challenges:
- Patent cliffs
- Price regulation pressures
- Competitive biosimilar landscape
- Price sensitivity in expanding markets (e.g., emerging economies)
Conclusion
The near-term outlook for NDC 51407-0436 remains cautiously optimistic, with stable pricing practices maintained through patent protection and specialty-use status. However, imminent biosimilar entries and evolving reimbursement policies portend significant price erosion in the medium term. Industry stakeholders should monitor regulatory, legal, and market developments continuously to optimize lifecycle management strategies.
Key Takeaways
- The drug maintains high-value pricing support due to market exclusivity and specialty positioning.
- Biosimilar and generic competition is imminent, likely leading to substantial price reductions over the next 3-5 years.
- Market growth driven by increasing prevalence of indications could offset volume declines caused by price erosion initially.
- Price negotiations and value-based reimbursement models are critical price determinants moving forward.
- Strategic planning must include lifecycle management, patent extension opportunities, and diversification of indications to sustain revenue.
FAQs
1. How will biosimilar entry impact the pricing of NDC 51407-0436?
Biosimilar competition typically results in 20-40% price reductions upon market entry, especially within 2-3 years, due to increased options and market share redistribution.
2. What role do regulatory policies play in the drug’s future pricing?
Regulatory agencies are increasingly scrutinizing high-cost drugs, promoting price transparency, and implementing cost-effectiveness assessments that could drive discounts and influence pricing strategies.
3. Are there opportunities for expanding indications to sustain revenue?
Yes, pursuing additional indications can extend patent life, increase market size, and justify higher prices, provided clinical efficacy is demonstrated and regulatory approval obtained.
4. How can manufacturers mitigate patent expiration impacts?
Strategies include developing biosimilars, obtaining secondary patents, securing new indications, or reformulating to create additional IP protections.
5. What are the key factors that business professionals should monitor regarding this drug’s market?
Monitor patent status, biosimilar approvals, regulatory changes, reimbursement policies, manufacturing stability, and competitor activities to inform strategic decisions.
References
- [Insert relevant market reports or FDA approvals cited]
- [Insert industry trend analyses]
- [Insert regulatory policy updates]
Note: Specific pricing figures and timelines are based on current industry estimates and may vary with market dynamics.
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