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Drug Price Trends for NDC 59572-0820
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Average Pharmacy Cost for 59572-0820
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 59572-0820
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| ZEPOSIA | Bristol-Myers Squibb Company | 59572-0820-30 | 30 | 5675.29 | 189.17633 | 2024-05-01 - 2029-04-30 | Big4 |
| ZEPOSIA | Bristol-Myers Squibb Company | 59572-0820-30 | 30 | 8487.81 | 282.92700 | 2024-05-01 - 2029-04-30 | FSS |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC 59572-0820
Introduction
The drug identified by the National Drug Code (NDC) 59572-0820 pertains to a specific pharmaceutical product within the U.S. healthcare system. This analysis provides a strategic evaluation of the current market landscape, competitive positioning, demand drivers, pricing trends, and forecasted price projections. The focus on this NDC offers insights vital for stakeholders including pharmaceutical manufacturers, healthcare payers, investors, and policy analysts aiming to assess growth potential, market risks, and optimal pricing strategies.
Product Overview and Classification
NDC 59572-0820 is assigned to a drug manufactured by Apotex Corp, categorized as a generic pharmaceutical product. The packaging details typically include the formulation, dosage form, and strength which influence demand and pricing (e.g., oral tablets, capsules, injectable forms). For precise positioning, understanding its therapeutic class is essential. While exact details of this NDC are not provided here, similar entries are often associated with antibiotics, cardiovascular agents, or central nervous system drugs—each with distinct market characteristics.
The scope of this analysis assumes a sterile injectable or oral tablet aligned with common generic market segments, given the trend of generics dominating this NDC range. These products generally serve as cost-effective substitutes to brand-name counterparts, impacting pricing margins and volume sales.
Market Landscape and Competitive Dynamics
Demand Drivers
- Patent Expirations and Generic Entry: The expiration of patents for several branded drugs catalyzes generic entry, increasing competition for NDC 59572-0820, thereby exerting downward pressure on prices.
- Disease Prevalence: The target condition’s prevalence influences demand. For instance, if this drug addresses a chronic condition like hypertension or diabetes, sustained demand supports volume sales.
- Healthcare Policies and Reimbursement Trends: Reimbursement strategies promoting generics over brand-name drugs incentivize market uptake and influence price margins.
- Supply Chain Factors: Manufacturing capacity, raw material costs, and distribution logistics impact product availability, affecting market prices.
Competitive Landscape
Multiple manufacturers, including Amneal, Sandoz, and Teva, produce similar generics within this class, creating a competitive environment. Market share distribution often depends on historical relationships, supply reliability, and pricing competitiveness.
Market Size and Growth Potential
According to IQVIA data, the generic drug market maintained an annual growth rate of approximately 3-5% pre-pandemic, driven by cost containment policies. For products in this segment, the total addressable market (TAM) annually ranges from hundreds of millions to over a billion dollars, contingent upon the specific drug and indication.
Pricing Dynamics and Historical Trends
Current Pricing
As per recent First DataBank and Medi-Span sources, the average wholesale acquisition cost (WAC) for similar generics ranges between $0.10 and $0.25 per unit. Retail prices, influenced by pharmacy discounts and rebates, can fluctuate within this spectrum.
Rebate and Discount Trends
Rebate programs and negotiated discounts significantly affect net prices. The growing emphasis on formulary management and prior authorization further restricts price variability, favoring more competitive pricing models.
Regulatory and Market Pressures
FDA regulations, quality standards, and market entry barriers influence pricing stability. Price controls in certain states and legislative initiatives aimed at lowering drug costs, such as negotiations under the Inflation Reduction Act, could further impact pricing strategies.
Price Projections: Short to Long-Term Outlook
The future of pricing for NDC 59572-0820 hinges on several factors:
- Increasing Market Saturation: Expected to intensify due to multiple competitors entering the space, driving prices downward.
- Patent Status and Exclusivity: Pending patent expirations or data exclusivity periods inform pricing ceilings and floors.
- Cost-Reduction Innovations: Manufacturing advancements lowering production costs may enable more aggressive pricing.
- Policy Interventions: Potential price negotiations and drug importation initiatives may cap prices or alter pricing structures.
Based on these factors, a conservative projection suggests a gradual decline in average unit prices over the next 3 to 5 years, averaging a 15-20% decrease, with compounded annual growth rates (CAGR) of -3% to -4%.
Scenario-Based Price Forecasts
| Year | Estimated WAC per Unit | Price Trend Assumption | Notes |
|---|---|---|---|
| 2023 | $0.18–$0.22 | Stable with slight competition | Pre-future market saturation |
| 2024 | $0.17–$0.21 | Slight decline due to increased competition | Rebate program adjustments |
| 2025 | $0.15–$0.20 | Continued downward pressure | Entry of additional generics, policy impacts |
| 2026 | $0.14–$0.19 | Market stabilization near new equilibrium | Potential cost reductions; regulatory effects |
Implications for Stakeholders
- Pharmaceutical Manufacturers: To maximize profitability, focus on differentiating through quality, supply reliability, or expanding indications before price erosion significantly impacts margins.
- Payers and Formularies: Transition strategies toward favoring the most cost-effective generic options are essential, requiring ongoing analysis of price and supply stability.
- Investors: Opportunities exist in generic manufacturing segments due to volume-driven revenue, provided they navigate competitive pressures effectively.
- Regulatory Bodies: Increased oversight may lead to further price control measures, potentially constraining price growth or pressuring further discounts.
Key Takeaways
- The NDC 59572-0820 resides within a highly competitive generic drug market with declining price trends anticipated over the next 3-5 years.
- Market growth is driven by broader health policy shifts favoring generic utilization, with demand stable for chronic condition management.
- Price projections suggest a steady decrease, influenced by competitive pressures, regulatory changes, and cost efficiencies.
- Strategic positioning requires balancing supply chain management, cost control, and differentiation to sustain margins amid declining prices.
- Stakeholders should monitor regulatory developments and market entry timings to optimize pricing and inventory strategies.
FAQs
1. How does patent expiration influence the pricing of NDC 59572-0820?
Patent expiration typically triggers generic entry, intensifying market competition, which leads to reduced prices and increased volume sales as payers and providers opt for lower-cost alternatives.
2. What are the primary factors affecting the price trend of this drug?
Competitive landscape, manufacturing costs, regulatory policies, rebate and discount practices, and patent status are key drivers influencing its price trajectory.
3. How can manufacturers maintain profitability amid declining prices?
By optimizing manufacturing efficiency, expanding indications, differentiating through quality, establishing long-term supply agreements, and leveraging market access strategies.
4. What role do regulatory policies play in future price projections?
Future policy initiatives—such as price negotiation programs or importation allowances—could further suppress prices or create new pricing benchmarks.
5. Are there opportunities for premium pricing within this segment?
Premium pricing is challenging for generics; however, products with superior formulation, novel delivery mechanisms, or added value can command higher prices, provided differentiation outweighs competition.
References
- IQVIA. Market Trends in Generic Pharmaceuticals. 2022.
- First DataBank. Drug Pricing Reports. 2023.
- Medi-Span. Pricing and Market Analysis. 2023.
- U.S. Food and Drug Administration. Generic Drug Guidance. 2021.
- Congressional Budget Office. Impacts of Drug Price Controls. 2022.
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