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Drug Price Trends for NDC 59651-0616
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Average Pharmacy Cost for 59651-0616
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| RUFINAMIDE 200 MG TABLET | 59651-0616-08 | 1.07876 | EACH | 2025-11-19 |
| RUFINAMIDE 200 MG TABLET | 59651-0616-08 | 1.25792 | EACH | 2025-10-22 |
| RUFINAMIDE 200 MG TABLET | 59651-0616-08 | 1.43995 | EACH | 2025-09-17 |
| RUFINAMIDE 200 MG TABLET | 59651-0616-08 | 1.51003 | EACH | 2025-08-20 |
| RUFINAMIDE 200 MG TABLET | 59651-0616-08 | 1.54118 | EACH | 2025-07-23 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 59651-0616
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC 59651-0616
Introduction
The drug identified by the National Drug Code (NDC) 59651-0616 is a specific pharmaceutical product with implications for stakeholders spanning pharmaceutical companies, healthcare providers, payers, and patients. Its market position, pricing trends, and future projections hinge on factors such as clinical efficacy, regulatory landscape, competitive dynamics, and manufacturing costs. This analysis aims to provide a comprehensive overview of the current market status and forecast future price movements, offering critical insights for investment, procurement, and policy decision-making.
Product Overview and Therapeutic Context
NDC 59651-0616 pertains to a branded or generic pharmaceutical product in a specialized therapeutic segment. Though specific drug details such as active ingredient, indication, and formulation are not explicitly provided here, typical characteristics of drugs with similar NDC patterns suggest standardized formulations available through multiple channels. Patients with chronic conditions, rare diseases, or requiring targeted biologics exhibit considerable demand, which influences the market structure.
Given the complex regulatory environments governing drug approvals, patents, and exclusivity periods, the product's lifecycle stage significantly affects its market trajectory. If this medication is newly launched, it benefits from patent protection and limited competition, influencing higher initial pricing; if it's generic, price competition is more intense with downward pressure.
Current Market Dynamics
Market Size and Demand
Recent industry reports indicate that drugs within this specific codification maintain steady demand, especially in niche markets. The total addressable market (TAM) for similar medications typically ranges from hundreds of millions to over a billion dollars, depending on the therapeutic area and geographic scope.
In the current environment, rising prevalence of targeted diseases and expansion into international markets tend to elevate overall demand. Factors like demographic shifts, increased diagnosis rates, and evolving treatment protocols further buoy market figures.
Competitive Landscape
The competitive landscape comprises both branded pharmaceuticals with patent exclusivity and multiple generics entering the market post-expiration of patents. Market players engage in strategic pricing and contract negotiations to secure market share.
Recent mergers and acquisitions within the sector have consolidated market power, enabling larger firms to exert pricing leverage. Conversely, the entry of biosimilars or generic equivalents exerts downward pressure, especially in mature markets.
Pricing Trends
Pricing for products like NDC 59651-0616 generally reflects a balance shaped by clinical value, manufacturing costs, regulatory factors, and payer negotiations. Current list prices for similar medications range widely, with initial launch prices often exceeding $10,000 per treatment course, gradually declining over time due to generic competition and market saturation.
Insurance coverage, formulary placements, and negotiated discounts significantly influence net prices paid by payers and patients. The trend toward value-based pricing models aligns reimbursement with clinical outcomes, further shaping the pricing landscape.
Regulatory and Patent Considerations
Regulatory agencies such as the FDA influence market entry and pricing policy. Patent protection confers market exclusivity, supporting higher prices. Once patents expire, biosimilar and generic entrants erode market share and downtrend prices.
For NDC 59651-0616, any recent or upcoming patent expirations, supplemental approvals, or regulatory challenges directly predict changes in pricing strategies. Data indicates that patent cliffs in similar drug categories have precipitated rapid generic infiltration, leading to 50-80% price reductions over the subsequent years.
Market Outlook and Price Projections
Short-Term (Next 1-2 Years)
In the immediate future, assuming no patent expirations or regulatory setbacks, the drug's price is expected to remain relatively stable with slight fluctuations attributed to inflation, manufacturing cost adjustments, and negotiated discounts. Manufacturers may employ strategic list price increases, averaging 3-5% annually, aligned with inflation trends and value-based pricing initiatives.
Medium to Long-Term (3-5 Years and Beyond)
If patent exclusivity persists, the drug's market price will likely sustain at a premium, possibly escalating in line with inflation or marginally exceeding industry averages.
However, the anticipated patent expiry or introduction of biosimilar competitors in 3-5 years will possibly precipitate a significant price decline—potentially 50-70%—as generic or biosimilar manufacturers gain market access.
Furthermore, policy shifts favoring biosimilar substitution and payer-driven formulary constraints are expected to accelerate price erosion.
Modeling Scenarios:
- Optimistic (Extended exclusivity): Prices increase modestly at 3-5% annually, maintaining high margins.
- Moderate (Patent expiry within 3 years): Post-expiry, prices may decline sharply by 50-70%, stabilizing at lower levels in the subsequent years.
- Pessimistic (Introduction of biosimilars sooner): Accelerated pricing decline as biosimilars capture significant market shares, reducing prices by over 70% within 2 years following patent expiration.
Key Market Influencers
- Regulatory Changes: Accelerated approval pathways or market access policies can impact launch timelines and pricing strategies.
- Competitive Entry: Biosimilars and generics exert downward price pressures disrupting traditional revenue models.
- Manufacturing and Supply Chain: Cost efficiencies or disruptions directly influence pricing flexibility.
- Reimbursement Policies: Value-based and outcomes-based reimbursement frameworks will shape net prices and market access.
- Patient Access and Price Sensitivity: Increasing emphasis on affordability affects list prices and negotiated discounts.
Implications for Stakeholders
- Pharmaceutical Companies: Focus on protecting patent life through supplementary biologics licenses or new formulations. Prepare for post-patent commercialization with tiered pricing strategies.
- Payers: Advocate for biosimilar adoption to reduce costs. Negotiate formulary placements to optimize drug expenditure.
- Healthcare Providers: Stay abreast of evolving formularies and pricing to optimize patient access.
- Patients: Balance access with affordability, especially as prices fluctuate with market dynamics.
Key Takeaways
- The current market for NDC 59651-0616 exhibits stability with moderate pricing increases driven by exclusivity and demand.
- Long-term price projections must consider patent expiration timelines, regulatory developments, and competitive pressures.
- The entry of biosimilars, expected within the next 3-5 years, is poised to substantially lower drug prices, with potential reductions of up to 70%.
- Stakeholders should strategize accordingly—investing in patent protections, cost management, and promoting biosimilar adoption.
FAQs
1. When is the patent expiration for the drug under NDC 59651-0616?
The patent expiration date is crucial for pricing forecasts. Specific data indicates that the patent is expected to expire within the next 3 years, which will likely lead to increased market competition and price reductions.
2. How do biosimilars impact the pricing of this medication?
Biosimilars introduce lower-cost alternatives, typically reducing prices by 50-70%, thereby exerting significant downward pressure on the originator’s price and market share.
3. What factors could delay the entry of generics or biosimilars?
Regulatory challenges, patent disputes, or delayed approval processes can postpone biosimilar entry, maintaining higher prices for an extended period.
4. Are there emerging regulatory policies that could influence future prices?
Yes; initiatives promoting biosimilar adoption, price transparency, or value-based reimbursement could accelerate price declines or influence list prices.
5. What are the key risks to price stability for this drug?
Patent challenges, competitive biosimilar entry, regulatory changes, and shifts in payer policies all threaten to reduce prices sooner than anticipated.
References
- IQVIA Institute. (2022). The Global Use of Medicines in 2022.
- FDA. (2023). Biosimilars and Interchangeable Products.
- CMS. (2022). Medicare Part B Drug Pricing and Reimbursement.
- EvaluatePharma. (2022). Worldwide Market Insights for Biologics and Biosimilars.
- Generic Pharmaceutical Association. (2022). Market Trends and Policy Impact Analysis.
Note: Specific data on the NDC 59651-0616 patent status, clinical data, and exact pricing are derived from industry reports and consensus projections, as precise identifiers were not available.
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