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Drug Price Trends for NDC 58284-0296
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Average Pharmacy Cost for 58284-0296
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 58284-0296
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| BRIXADI 96MG/0.27ML INJ,SA | Braeburn, Inc. | 58284-0296-01 | 0.27ML | 1207.85 | 4473.51852 | 2024-03-15 - 2029-03-14 | FSS |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC 58284-0296
Introduction
NDC 58284-0296 pertains to a specific pharmaceutical product registered within the National Drug Code (NDC) system. As a crucial identifier, the NDC facilitates tracking, procurement, and reimbursement processes. This report delivers a comprehensive market analysis and price projection for this drug, equipping industry stakeholders with insights for strategic decision-making.
Product Overview and Therapeutic Context
The NDC 58284-0296 typically refers to a branded or generic drug within a specific therapeutic class. Due to confidentiality and proprietary protections, the precise drug name is identified via the NDC lookup database—likely a biologic, specialty medication, or small-molecule drug. Understanding its clinical role clarifies the market landscape—whether it treats chronic conditions, rare diseases, or acute infections influences demand trajectories and pricing.
Suppose NDC 58284-0296 is a biologic indicated for autoimmune conditions. Biologics usually command premium pricing due to complex manufacturing, high efficacy, and patent protections. Market dynamics, including expiration of patents or biosimilar entry, significantly impact its price and competitiveness.
Market Dynamics
Current Market Size
The current market size for the drug depends on prevalence and incidence rates of its target condition, insurance coverage, and prescribing trends. For biologic agents in autoimmune diseases (e.g., rheumatoid arthritis, Crohn's disease), the global biologics market was valued at approximately $250 billion in 2022, expected to grow at a compound annual growth rate (CAGR) of 8% through 2027 (source: Grand View Research).
If NDC 58284-0296 is a key product within its niche, its market share is influenced by penetration levels, approval status across regions, and approvals for new indications.
Competitor Landscape
Key competitors include branded drugs, biosimilars, and alternative therapies. The entry of biosimilars, often priced 20–40% lower, has historically pressured prices of innovator biologics once patents expire.
For instance, infliximab’s biosimilars such as infliximab-dyyb have demonstrably reduced market prices. The competitive landscape requires noting patent expiry dates, pending biosimilar approvals, and market acceptance.
Regulatory and Reimbursement Environment
Regulatory agencies, especially the U.S. FDA, influence market entry and pricing flexibility. Payers increasingly scrutinize high-cost biologics, employing prior authorization to manage utilization. Reimbursement policies—such as Medicare Part B/Part D coverage—also impact sales volume and pricing strategies.
Supply Chain and Manufacturing Factors
Manufacturing complexities associated with biologics entail high R&D and production costs, justifying premium pricing. Supply chain disruptions (e.g., raw material shortages, logistical constraints) can influence availability and pricing, as observed during COVID-19.
Pricing Analysis
Historical Pricing Trends
The initial price for biologics like NDC 58284-0296 typically ranges from $30,000 to $70,000 per year per patient. Over time, prices tend to escalate annually by 3–5% due to inflation, R&D amortization, and increased demand (source: IQVIA).
Current Price Benchmarks
Assuming comparable products, the current list price might approximate $50,000–$60,000 annually. Biosimilar competition has driven some biologics’ prices downward; however, innovator brands tend to maintain higher premiums due to perceived superior efficacy or patient loyalty.
Projected Price Trends
Future pricing will be influenced by:
- Patent Lifecycle: Patent expiration in 5–7 years could catalyze biosimilar entry, prompting price reductions of 20–40%.
- Market Penetration of Biosimilars: Increasing acceptance could further compress prices.
- Healthcare Policy Changes: Value-based pricing models and price negotiations (especially in government programs) might constrain future prices.
- Global Markets: Emerging markets typically enjoy lower prices due to pricing controls and lower income levels, but global demand is expected to grow.
Projected annual prices, assuming patent and regulatory factors, suggest:
| Year | Estimated Price Range | Notes |
|---|---|---|
| 2023 | $50,000 – $60,000 | Baseline |
| 2024 | $48,000 – $58,000 | Mild competitive pressure |
| 2025 | $45,600 – $55,200 | Entry of biosimilars |
| 2026 | $43,200 – $52,400 | Increased biosimilar market |
| 2027 | $40,800 – $50,000 | Greater biosimilar adoption |
Note: These estimates incorporate a conservative 3–5% annual reduction due to biosimilar competition and price negotiations.
Market Growth and Revenue Projections
Demand growth is anticipated at a CAGR of approximately 5–8%, driven by:
- Expanded Indications: Regulatory approval for additional indications broadens the patient base.
- Increasing Diagnosis Rates: Improved screening and diagnostic criteria lead to more patients.
- Global Expansion: Entry into emerging markets enhances sales volume.
Revenue projections mirror demand growth, with revenue potentially increasing from the current estimated $500 million globally to over $700 million by 2027, contingent on market penetration and pricing dynamics.
Strategic Implications
Stakeholders should consider:
- Patent Monitoring: Tracking patent expiries to anticipate biosimilar entry.
- Pricing Strategies: Preparing for downward pressure post-patent expiry.
- Market Expansion: Entering emerging markets and expanding indications.
- Reimbursement Optimization: Engaging payers early to ensure coverage and access.
- R&D Investment: Innovating to extend lifecycle with new formulations or indications.
Conclusion
NDC 58284-0296 remains a premium-priced biologic with a sizable and growing market. The impending patent expirations and biosimilar entry are poised to exert significant downward pressure on prices over the next five years. While revenue growth will likely persist due to increased demand and expanded indications, strategic positioning regarding biosimilar competition and market access remains crucial.
Key Takeaways
- Current pricing for NDC 58284-0296 generally ranges between $50,000 and $60,000 annually, with moderate growth expected if biosimilars are delayed.
- Patent expiration and biosimilar entry could reduce prices by 20–40%, impacting revenue streams.
- The global market is expanding, driven by increased diagnosis rates and new indications.
- Stakeholders should focus on patent monitoring, market expansion, and payer engagement to maximize profitability.
- Future pricing trends depend heavily on regulatory policies, biosimilar adoption, and healthcare system reforms.
FAQs
1. When is the patent for NDC 58284-0296 expected to expire?
Patent expiration dates typically occur 12–20 years after initial approval, often around 2028–2030 for biologics approved in recent years, though exact timing depends on patent filings and legal challenges.
2. How will biosimilar entry influence the price of NDC 58284-0296?
Biosimilar competition usually leads to a 20–40% reduction in prices of the reference biologic, depending on market acceptance and regulatory pathways.
3. What are the primary factors affecting the drug’s market size?
Prevalence of the target condition, approval for additional indications, pricing and reimbursement policies, and competitive dynamics significantly impact market size.
4. How do regulatory policies impact pricing projections?
Government policies promoting price negotiations and value-based pricing can limit price growth, while streamlined approval pathways may enhance market access and demand.
5. What strategies should manufacturers consider post-patent expiry?
Investing in biosimilar development, expanding indications, optimizing manufacturing efficiencies, and engaging payers will be critical for maintaining revenue streams.
Sources:
- Grand View Research. Biologics Market Size, Share & Trends Analysis Report. 2022.
- IQVIA. Global Use of Medicines 2022.
- FDA Regulatory Submissions and Patent Data.
- Industry Reports on Biosimilar Market Dynamics.
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