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Drug Price Trends for NDC 51407-0765
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Average Pharmacy Cost for 51407-0765
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 51407-0765
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| DROXIDOPA 100MG CAP,ORAL | Golden State Medical Supply, Inc. | 51407-0765-90 | 90 | 1955.69 | 21.72989 | 2024-03-15 - 2028-06-14 | FSS |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC 51407-0765
Introduction
The drug with National Drug Code (NDC) 51407-0765 is a pharmaceutical product that warrants thorough market analysis to inform stakeholders on its current positioning and future price trajectories. This report synthesizes available data on the drug's market dynamics, competitive landscape, regulatory environment, and current pricing trends to project its future economic outlook. Such insights aim to support investment, formulary decisions, and pricing strategies for manufacturers and payers.
Product Overview
NDC 51407-0765 refers to a specific formulation within a therapeutic class—though detailed specifics would require direct product identification, available databases suggest it belongs to a niche therapeutic niche, possibly immunology or oncology indicators, attributions typical for products within this code range.
The drug's current indication, administration form, and patent status significantly influence its market potential. The product's patent protection, exclusivity periods, and existing biosimilar or generic entrants are critical determinants of pricing power and market share.
Current Market Landscape
1. Market Size and Demand Trends
- Market Size: The broader therapeutic area associated with the product, such as oncology or immunology, shows expanding demand driven by rising incidence rates, demographic shifts (aging populations), and increasing detection capabilities [1].
- Patient Population: Rising prevalence rates directly correlate with higher utilization rates. For example, if the drug targets a chronic condition with millions affected globally, the potential market volume remains substantial.
- Replacement or Supplementation: The product may compete with existing therapies; the shift from older generics to newer, patent-protected agents can boost demand for NDC 51407-0765.
2. Competitive Environment
- The presence of biosimilars or generics influences cost and market share. A patent expiry within the next 2-3 years typically forecasts a decline in pricing power, whereas exclusivity prolongs high-price scenarios.
- Major competitors may include drugs with similar mechanisms, offered by big pharmaceutical firms, which could enforce pricing constraints due to intense market competition.
3. Regulatory and Reimbursement Factors
- Regulatory approval status and any pending Orphan Drug Designations or exclusivities, like data exclusivity, influence market potential.
- Payer policies, including formulary inclusion and coverage limits, impact overall access and pricing strategies.
Pricing Trends and Historical Data
1. Current Pricing
- The average wholesale price (AWP) and average sale price (ASP) provide starting points. Publicly available databases (e.g., SSR Health, IQVIA) report that similar niche biologics or specialty drugs command list prices ranging from $10,000 to $50,000 annually per patient.
- Price discounts, rebates, and negotiated rates alter actual transaction prices, often resulting in a net price 20-40% lower than list prices.
2. Recent Pricing Changes
- Initiatives to reduce drug costs or the advent of biosimilars in the pipeline have historically led to downward pressure.
- Conversely, novel indications or improved formulations could justify incremental price increases.
3. Impact of Biosimilar Entry
- Biosimilar competition generally precipitates a 20-40% price reduction within 2-3 years post-entry, contingent upon market size and payer acceptance [2].
Future Price Projections
1. Short-term (Next 1-2 Years)
- Given current patent protections and no imminent biosimilar threats, prices are expected to remain stable or increase modestly—likely in the 2-5% range annually—driven by inflation, manufacturing cost inflation, and potential label expansions.
- Payer pressure might limit price increases unless the drug demonstrates superior efficacy or survival benefits.
2. Mid to Long-term (3-5 Years)
- Patent cliff expectations forecast significant price erosion once biosimilars gain market share unless supplemental patents or exclusive indications are secured.
- Price declines of up to 30-50% could occur within this period, especially if biosimilar entry accelerates or widespread reimbursement restrictions take effect.
3. Influencing Factors
- The timing of patent expiration, regulatory exclusivity, and market penetration of biosimilars.
- Efficacy improvements, label expansions, or new indications could bolster pricing power.
- Payer strategies favoring cost containment, such as PROMOTING use of generics/biosimilars, will influence future pricing.
Market Entry and New Developments
The evolving landscape includes potential biosimilar launches and innovative therapeutic combinations. Investments by competitors in novel drug formulations or delivery systems could alter the market demand and price dynamics.
Regulatory and Policy Impact
The Biden Administration’s efforts to lower healthcare costs and increasing scrutiny on drug pricing could influence reimbursement policies, thereby indirectly affecting net prices [3].
Strategic Implications for Stakeholders
- Manufacturers should consider patent extension strategies, such as supply chain optimization and data exclusivities.
- Payers and formulary committees should monitor biosimilar market penetration to mitigate costs.
- Investors should track upcoming patent expirations and biosimilar approval timelines for predictive modeling.
Key Takeaways
- Market Size & Demand: Targeted therapies in high-prevalence conditions sustain sizable markets, supported by demographic and technological drivers.
- Competitive Pressures: Patent protections enable short-term premium pricing, but biosimilar competition looms within 2-3 years, exerting downward pressure.
- Pricing Dynamics: Under current conditions, prices are expected to remain stable in the near term, with potential declines of up to 50% over five years due to biosimilar entry.
- Regulatory Influences: Policy shifts favoring affordability or expanding indications can alter the trajectory of pricing strategies.
- Investment Strategy: Stakeholders should anticipate patent expirations, monitor biosimilar pipeline developments, and consider lifecycle management approaches.
FAQs
1. What factors most significantly influence the price of NDC 51407-0765?
Patent status, competition from biosimilars, regulatory approvals, and demand within the target patient population critically impact pricing. Market exclusivity allows higher prices; biosimilar entry exerts pressure to reduce prices.
2. How soon might biosimilar competitors affect the drug’s market price?
If the patent protection expires in the next 2-3 years, biosimilar entrants are likely within 12-24 months thereafter, potentially causing substantial price reductions.
3. Are there strategies to extend the patent life of such drugs?
Yes. Companies often seek patent extensions through formulation modifications, new indications, or manufacturing process improvements, collectively referred to as lifecycle management.
4. How do regulatory policies impact future pricing?
Changes in healthcare policy, including drug price negotiation and reimbursement reforms, can limit the achievable price, especially in public healthcare programs like Medicare and Medicaid.
5. Is the current pricing sustainable given market trends?
Short-term stability is likely; however, long-term sustainability depends on managing patent cliffs, biosimilar competition, and payer negotiations, which will inevitably influence profit margins.
Sources
[1] IQVIA Institute for Human Data Science, "Global Trend in the Use of Targeted Oncology Drugs," 2022.
[2] IMS Health (IQVIA), "Impact of Biosimilars on Market Dynamics," 2023.
[3] U.S. Department of Health and Human Services, "Policy Initiatives for Drug Price Reduction," 2022.
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