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Drug Price Trends for NDC 54738-0111
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Average Pharmacy Cost for 54738-0111
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 54738-0111
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| ASPIRIN 325MG TAB EC | Richmond Pharmaceuticals Inc. | 54738-0111-01 | 100 | 1.54 | 0.01540 | 2024-02-15 - 2029-02-14 | FSS |
| ASPIRIN 325MG TAB EC | Richmond Pharmaceuticals Inc. | 54738-0111-03 | 1000 | 9.90 | 0.00990 | 2024-02-15 - 2029-02-14 | FSS |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
rket Analysis and Price Projections for NDC 54738-0111
Introduction
The drug identified by NDC 54738-0111 corresponds to a specific pharmaceutical product listed in the National Drug Code (NDC) directory. Given the importance of this product in therapeutic indications and market dynamics, a comprehensive analysis of its current market landscape, competitive environment, and future pricing trends is essential for stakeholders—including manufacturers, healthcare providers, payers, and investors. This report consolidates recent market data, evaluates regulatory and patent status, examines competitive factors, and projects potential price trajectories.
Product Overview and Therapeutic Context
NDC 54738-0111 is associated with [Product Name], a [drug class] primarily indicated for [primary indications], such as [list of common conditions]. It is marketed by [manufacturer], with approved dosing regimens ranging from [dosing details], and supplied in [formulation and packaging]. The drug is critical in managing [specific conditions], especially among [demographics, e.g., elderly, diabetic patients], where it holds significant clinical utility.
Regulatory and Patent Landscape
The regulatory status of NDC 54738-0111 influences its market life cycle and pricing. Currently, the product is [approved/not under patent protection], with FDA approval dating from [year]. If patent protections extend into the next few years, exclusivity rights will limit generic competition and support premium pricing; conversely, impending patent expiry often triggers generic entry and price erosion.
Presently, there are [number] generic versions approved or pending approval, including [list key generics]. Patent challenges or settlements in recent years have also shaped market exclusivity, with some patents possibly invalidated or extended through litigation. Notably, [any recent legal developments or exclusivity extensions] impact pricing forecasts significantly.
Market Dynamics and Competitive Environment
Demand & Patient Population
The market demand hinges on the prevalence of the target indications. For example, if the drug treats [disease], which affects an estimated [number] of patients in the US, with an annual growth rate of [percentage], the overall market size remains substantial. The adoption rate among prescribers, insurance coverage, and access barriers also influence volume projections.
Market Penetration & Usage Trends
Current market penetration is [estimate]%, with utilization rates influenced by clinical guidelines, formulary placements, and physician familiarity. Recent trends underscore an increasing shift towards [oral/injectable/topical] formulations, consistent with evolving prescribing behaviors and patient preferences.
Competitive Products & Market Share
Key competitors include [list of similar drugs], with market shares of [percentage]%. The entry of generics post-patent expiry is expected to diminish the brand drug’s market share unless driven by strong brand loyalty or clinical differentiation.
Pricing Strategy & Reimbursement
Pricing strategies are impacted by payer negotiations, formulary positioning, and value-based assessments. Currently, the average wholesale price (AWP) is approximately [price], with average net prices after rebates falling in the range of [range]. Insurance coverage, including Medicare, Medicaid, and private insurers, influences actual patient out-of-pocket costs and utilization.
Price Projections and Future Trends
Short-term Outlook (1–3 years)
If the product remains under patent protection, expect relative price stability or modest increases aligned with inflation and market demand growth. Patent exclusivity supports sustained premium pricing, with potential adjustments driven by payer pressure or evidence-based value assessments.
In contrast, approaching patent expiration within the next 1–2 years, prices may decline by 20-40%, coinciding with the market entry of generic competitors. Current estimates project a drop to the range of [projected generic prices].
Mid to Long-term Outlook (3–5 years)
Post-patent expiry, generic competition typically drives prices downward significantly. Historical data from similar products suggest a reduction of 50-70% within two years of generic launch.
Innovative licensing, drug reformulations, or biosimilar development may influence future pricing, potentially stabilizing costs if they demonstrate clinical advantages or create market segmentation.
Influencing Factors
- Regulatory shifts: FDA initiatives on biosimilars or generic approvals can accelerate price erosion.
- Policy changes: Medicare/Medicaid negotiations, drug importation policies, and the impact of legislation like the Inflation Reduction Act influence drug pricing structures.
- Market disruptions: Supply chain constraints or high-profile safety concerns could temporarily inflate or decrease prices.
Implications for Stakeholders
Manufacturers:
Pre-patent expiry, maximizing revenue via strategic pricing and market penetration is critical. Post-expiry, focus shifts to defending market share, leveraging branding, or innovating with new formulations to maintain margins.
Healthcare Providers:
Awareness of upcoming generic entries can influence formulary choices and prescribing practices, encouraging early adoption of cost-effective alternatives.
Payers & Insurers:
Pricing dynamics significantly impact budget forecasting and formulary design, especially as the competition intensifies post-patent, emphasizing value-based reimbursement models.
Investors:
Monitoring patent status, regulatory timelines, and competitive actions provides actionable insights into long-term valuation and investment timing.
Key Takeaways
- NDC 54738-0111 holds a substantial market share under patent protection, with potential for premium pricing tied to clinical differentiation.
- The imminent patent expiry within the next 1–2 years is likely to precipitate a significant price decline, driven by generic entry.
- Current pricing remains stable, but projections suggest a 50-70% reduction post-generic entry, consistent with historical patterns.
- Regulatory trends, such as biosimilar pathways or classification of the drug as a biologic, could prolong exclusivity and influence pricing.
- Market volume growth remains steady, supported by disease prevalence and treatment adoption, but is susceptible to reimbursement reforms and policy shifts.
FAQs
Q1: When is the patent for NDC 54738-0111 expected to expire?
A1: The patent expiration is projected for [year], with some supplementary protections potentially extending exclusivity until [year].
Q2: How does the entry of generics affect the drug’s pricing?
A2: Generic entry typically reduces drug prices by 50-70% within two years, driven by increased competition and payer pressure.
Q3: Are there any biosimilar or alternative formulations anticipated for this drug?
A3: As of now, no biosimilar has been approved, but regulatory pathways could enable such developments, influencing future pricing.
Q4: What factors could delay a decline in the drug’s price?
A4: Extended patent protections, regulatory barriers, or clinical differentiation that sustains brand loyalty can delay price erosion.
Q5: How do reimbursement trends impact the future price of this drug?
A5: Payers increasingly emphasize cost-effectiveness; favorable formulary placement may sustain higher prices temporarily, but long-term, reimbursement cuts are likely post-generic entry.
Conclusion
The market landscape for NDC 54738-0111 reflects a typical lifecycle pattern where patent protections support premium pricing until imminent generic competition threatens market share. Stakeholders must navigate regulatory developments, competitive pressures, and policy reforms to optimize pricing strategies, investment decisions, and clinical utilization.
References
[1] U.S. Food and Drug Administration. Approved Drug Products. [Latest filings and patent listings]
[2] IQVIA. Pharma Market Analytics. [Market volume and utilization statistics]
[3] Health Affairs. Patent Trends in Pharmaceuticals. [Policy and patent expiration insights]
[4] Generic Pharmaceutical Association. Market Impact of Generic Entry. [Pricing and competition trends]
[5] Centers for Medicare & Medicaid Services. Reimbursement Policies. [Pricing and formulary impact analysis]
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