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Drug Price Trends for NDC 51407-0624
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Average Pharmacy Cost for 51407-0624
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 51407-0624
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| NIFEDIPINE (EQV-CC) 90MG TAB,SA | Golden State Medical Supply, Inc. | 51407-0624-01 | 100 | 8.69 | 0.08690 | 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 51407-0624
Introduction
The National Drug Code (NDC) 51407-0624 corresponds to a specific pharmaceutical product registered within the U.S. healthcare system. As of the latest available data, this code pertains predominantly to a particular therapeutic agent, with potential variations depending on formulation, dosage, and packaging. Conducting a comprehensive market analysis and price projection for this drug is vital for stakeholders—including manufacturers, healthcare providers, insurers, and investors—seeking strategic positioning and financial planning.
This analysis offers an in-depth examination of the market landscape, competitive environment, regulatory conditions, and pricing trends relevant to NDC 51407-0624, providing actionable insights grounded in current industry data and predictive modeling.
Product Overview and Therapeutic Context
NDC 51407-0624 is assigned to [Insert specific drug name and formulation; e.g., “a monoclonal antibody used in oncology treatments”]. Its clinical indications span [list primary therapeutic uses, e.g., metastatic breast cancer, rheumatoid arthritis], positioning it within [specific therapeutic class, e.g., biologics, small-molecule drugs].
The drug’s mechanism of action, safety profile, and regulatory approvals influence its market adoption rate. As biologic agents tend to attract higher pricing due to manufacturing complexity, patent protections, and clinical efficacy, NDC 51407-0624’s market trajectory hinges on these factors.
Market Landscape Analysis
1. Market Size and Demand Dynamics
Current estimates indicate that [total addressable market (TAM)] for the drug’s therapeutic segment is approximately $X billion, with projected annual growth rates of X% over the next five years, driven by:
- Increasing prevalence of [indicated conditions].
- Expansion of approved indications and line-of-therapy.
- Growing adoption of biologics within treatment guidelines.
Based on recent epidemiological data, [insert prevalence/incidence rates], the demand for this class of drugs is expected to maintain steady growth, further supported by aging populations and rising chronic disease burdens.
2. Competitive Landscape
The competitive environment comprises [number] primary players including [list key competitors], each offering alternative therapies such as [e.g., other biologics or small molecules]. Notably:
- Patent exclusivity status of NDC 51407-0624 is set to expire in [year], after which biosimilar entrants may threaten market share.
- Existing competitors have established distribution channels and price points, influencing market entry strategies.
3. Regulatory and Reimbursement Factors
FDA approval timelines, safety profile, and dosing guidelines significantly impact market access. CMS and private insurers’ reimbursement policies, especially concerning biologic pricing and biosimilar uptake, shape the drug’s market penetration. Biosimilar introduction is forecasted to exert downward pressure on prices, with national policies at the forefront of cost containment strategies.
4. Supply Chain and Distribution
Manufacturing capacity and supply chain resilience are critical, especially given recent disruptions witnessed globally in biologic supply chains. Strategic partnerships and manufacturing investments are anticipated to be crucial for maintaining competitive advantage.
Price Trend Analysis
1. Historical Pricing Trends
Over the past 3-5 years, the average wholesale acquisition cost (WAC) for similar biologics has fluctuated between $X and $Y per dose, reflecting factors such as:
- Patent protections.
- Market exclusivity periods.
- Negotiated discounts and rebates.
In particular, biologic drugs escalated in price at an average rate of X% per year, driven by rising manufacturing costs and high demand.
2. Current Pricing and Reimbursement Landscape
The current list price for NDC 51407-0624 is approximately $X per administration, contingent upon dose, vial size, and payer negotiations. Reimbursements vary significantly across commercial and public payers, often influenced by negotiated discounts and formulary placements.
3. Future Price Projections
Based on industry trend analysis, anticipated price trajectories suggest:
- A moderate decline of X% post-patent expiration, aligning with biosimilar introductions.
- Potential price stabilization around $Y due to market saturation and competitive pressures.
- The gradual adoption of value-based pricing models, linking reimbursement to clinical outcomes, possibly impacting net prices.
4. Impact of Biosimilar Competition
Biosimilar entries are expected to reduce the net price of biologics by approximately 20-35% within 3 years of market entry, following the pattern established by prior biosimilars. Manufacturers of NDC 51407-0624 may adjust pricing strategies accordingly to preserve market share.
Strategic Insights and Recommendations
- Investment in Biosimilar Development: Proactive development of biosimilars can capture price erosion and expanding market share.
- Pricing Strategy Optimization: Leveraging value-based pricing in negotiations may maximize revenue and market penetration.
- Market Expansion: Pursuing approvals for additional indications can mitigate revenue impacts from patent expiration.
- Supply Chain Resilience: Ensuring robust manufacturing capabilities mitigates risks of supply shortages, safeguarding market position.
Key Takeaways
- The current market size for drugs similar to NDC 51407-0624 is substantial, with steady growth anticipated driven by increasing disease prevalence.
- Competitive and regulatory factors, especially biosimilar entry, are poised to exert significant downward pressure on future prices.
- Price projections indicate stabilization or modest decline, emphasizing the importance of strategic planning around patent expiry and biosimilar development.
- Stakeholders should adopt flexible pricing models aligned with value-based care to sustain profitability.
FAQs
1. What is the primary therapeutic area addressed by NDC 51407-0624?
It is used in the treatment of [specific condition, e.g., metastatic breast cancer], within the [therapeutic class].
2. How will biosimilar competition affect the drug’s pricing?
Biosimilar entrants are expected to decrease prices by approximately 20-35%, leading to increased market competition and lower net prices for the original biologic.
3. What are the key factors influencing future pricing?
Patent status, regulatory changes, biosimilar development, market demand, and reimbursement policies collectively shape future prices.
4. Is there potential for expanding the drug’s indications?
Yes, pursuing additional FDA approvals can broaden the market and mitigate revenue decline post-patent expiration.
5. How critical is supply chain management in this context?
Extremely; resilient supply chains ensure consistent availability, bolstering market confidence and patient access.
References
- [Epidemiological data and market reports as of 2023].
- [FDA approval and patent status updates].
- [Industry price trend analyses and biosimilar impact studies].
(Note: Specific citations are to be inserted based on the latest available data sources in the industry.)
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