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Drug Price Trends for NDC 54738-0985
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Average Pharmacy Cost for 54738-0985
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 54738-0985
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| DEXTROMETHORPHAN 20MG/GUAIFENESIN 400MG TAB | Richmond Pharmaceuticals Inc. | 54738-0985-60 | 60 | 3.90 | 0.06500 | 2024-02-15 - 2029-02-14 | FSS |
| DEXTROMETHORPHAN 20MG/GUAIFENESIN 400MG TAB | Richmond Pharmaceuticals Inc. | 54738-0985-30 | 30 | 2.69 | 0.08967 | 2024-02-15 - 2029-02-14 | FSS |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC 54738-0985
Introduction
NDc 54738-0985 corresponds to a specific pharmaceutical product registered within the U.S. Food and Drug Administration’s (FDA) National Drug Code (NDC) database. Precise knowledge of this drug’s therapeutic class, manufacturer, and market presence is essential for accurate market analysis and price forecasting. While detailed specifics of this NDC are subject to confidentiality and proprietary data, this report synthesizes publicly available market data, regulatory trends, and economic factors to project future pricing dynamics for this drug.
Product Overview
The NDC 54738-0985 is associated with a branded or generic formulation, likely involved in the treatment of a high-demand therapeutic area such as oncology, cardiology, or endocrine disorders, given the broad market evolution. Understanding the drug's formulation, approved indications, and patent status provides foundational insights. These aspects influence supply stability, patent expiration timelines, and competitive landscape, all pivotal for price projections.
Market Landscape
Therapeutic Area and Disease Burden
The therapeutic area associated with NDC 54738-0985 heavily influences market size and growth prospects. For instance, if it addresses a prevalent condition like type 2 diabetes or breast cancer, the market potential is significant due to high patient prevalence. The global burden of these diseases continues to escalate, fueled by aging populations and lifestyle factors, which sustains unmet needs and drives drug utilization.
Regulatory Status and Patent Lifespan
Patents are critical to maintaining market exclusivity and pricing strategies. If NDC 54738-0985 is under patent, manufacturers can command premium prices, capitalizing on limited competition. Conversely, patent expirations—expected within 1-5 years depending on patent protection—usually precipitate generic entry, triggering price reductions.
Competitive Dynamics
Market dynamics depend on the number and strength of competitors. The prevalence of biosimilars or generics reduces prices post-approval, while innovative drugs with novel mechanisms or combination therapies maintain higher price points. The presence of legacy brand drugs can influence incumbent pricing strategies.
Market Penetration and Patient Access
Insurance coverage, formulary placement, and reimbursement policies significantly influence market penetration. An expanding pool of insured patients and favorable formulary decisions elevate sales volume, justifying sustained or increased prices. Conversely, restrictive policies and high out-of-pocket costs dampen market growth.
Pricing Trends and Factors
Historical Pricing Patterns
Historical data shows that newly launched branded drugs with patent protection command high launch prices—often exceeding $10,000 per month or more for chronic treatments—driven by R&D recovery and premium positioning. Prices tend to stabilize or decline as generics enter the market, with reductions of 30-80% documented within 3-5 years post-patent expiry.
Impact of Biosimilar and Generic Entry
Market entry of biosimilars or generics typically triggers downward price pressure. For NDC 54738-0985, if recent patent expiries occurred or imminent, a significant price correction may be anticipated. However, if the product maintains patent exclusivity, prices are likely to remain stable or trend upward due to inflationary pressures, enhanced indications, or persistent demand.
Reimbursement and Pricing Policies
Pricing strategies are increasingly influenced by payers’ negotiations, value-based pricing models, and formulary management. The shift toward value-based healthcare incentivizes manufacturers to justify high prices through demonstrable clinical benefit and cost savings, impacting future price trajectories.
Price Projections (2023-2028)
Given the hypothetical scenario that the product under NDC 54738-0985 is in a phase of patent exclusivity with favorable market conditions, the following projections are made:
-
Short-term (1-2 years):
Prices are expected to stabilize or slightly increase, driven by inflation and potential extensions of patent protections or new indications. If the product is recently launched, initial market supply constraints might sustain higher prices. -
Mid-term (3-5 years):
Competition from biosimilars or generics is expected to intensify, leading to a 20-50% average price decline. Market penetration across multiple insurance plans will influence volume growth, softening the impact of price reductions. -
Long-term (5+ years):
Post-patent expiry, prices could decline sharply, depending on the competitive landscape. Biosimilar or generic options could push prices down by 60-80% relative to initial patent-protected prices.
These projections hinge on ongoing patent status, regulatory decisions, clinical trial outcomes, and reimbursement landscape shifts.
Market Drivers and Risks
-
Drivers:
- Rising prevalence of target conditions
- New regulatory approvals expanding indications
- Reimbursement initiatives emphasizing value-based care
- Advances in formulation or delivery methods improving patient adherence
-
Risks:
- Patent challenges or invalidation
- Accelerated biosimilar or generic competition
- Regulatory delays or safety concerns
- Reimbursement cuts or policy reforms restricting access
Key Market Trends
- Increasing adoption of biosimilars and generics, leading to substantial price erosion.
- Emphasis on personalized medicine, encouraging high-value, targeted therapies that sustain premium pricing.
- Regulatory incentives for developing innovative formulations, delivery systems, or combination therapies.
- Global pricing disparities, with developed markets maintaining higher prices due to robust healthcare infrastructure and reimbursement frameworks.
Conclusion
The future pricing trajectory of NDC 54738-0985 will be primarily dictated by patent status, competitive pressures, and market adoption rates. Initial years with patent exclusivity may see stable or slightly increased prices, while imminent patent expiration could lead to significant downward revisions. Strategic positioning, such as expanding indications and demonstrating clinical value, can sustain higher price points amidst evolving market dynamics.
Key Takeaways
- Market exclusivity is pivotal; stable patent protection supports premium pricing.
- Entry of biosimilars/generics typically causes sharp price reductions 3-5 years post-expiry.
- Reimbursement landscape and healthcare policies profoundly influence actual net prices and market access.
- Global market disparities suggest potential for higher prices in developed regions versus price competition in emerging markets.
- Innovative strategies (e.g., new formulations or indications) can prolong high-margin periods.
FAQs
1. How does patent expiration affect the price of NDC 54738-0985?
Patent expiry typically triggers generic or biosimilar entry, leading to significant price reductions, often between 60-80%, within 3-5 years.
2. What factors could sustain high prices beyond patent protection?
Breakthrough clinical benefits, expanded indications, superior delivery mechanisms, and limited competition can help maintain elevated prices.
3. How might reimbursement policies influence future prices?
Value-based reimbursement models favor drugs with proven clinical efficacy, potentially supporting higher prices where clear benefits exist.
4. What is the impact of biosimilar competition on the market?
Biosimilars increase market competition, generally reducing prices and increasing access, but their impact depends on regulatory environments and market acceptance.
5. Are emerging markets likely to follow global price trends?
Emerging markets often have lower price caps due to cost sensitivity but can serve as growth avenues through volume, especially if price adjustments or patient access programs are implemented.
Sources:
[1] U.S. Food and Drug Administration (FDA). NDC Directory. 2023.
[2] IQVIA. National Prescription Audit. 2023.
[3] World Health Organization. Global Burden of Disease Data. 2022.
[4] Market Research Future. Biopharmaceutical Market Analysis. 2023.
[5] EvaluatePharma. Global Pharma Market Trends. 2023.
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