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Drug Price Trends for NDC 60687-0579
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Average Pharmacy Cost for 60687-0579
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| HYDROMORPHONE 2 MG TABLET | 60687-0579-01 | 0.16333 | EACH | 2025-12-17 |
| HYDROMORPHONE 2 MG TABLET | 60687-0579-11 | 0.16333 | EACH | 2025-12-17 |
| HYDROMORPHONE 2 MG TABLET | 60687-0579-01 | 0.16412 | EACH | 2025-11-19 |
| HYDROMORPHONE 2 MG TABLET | 60687-0579-11 | 0.16412 | EACH | 2025-11-19 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 60687-0579
| 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 60687-0579
Introduction
The drug identified by National Drug Code (NDC) 60687-0579 pertains to a specific pharmaceutical product within the current market landscape. Due to limited publicly available data on this particular NDC, comprehensive analysis involves deriving insights based on similar products, therapeutic class, manufacturing details, and recent market trends. This report synthesizes relevant industry data, regulatory factors, competitive dynamics, and pricing strategies, offering a thorough perspective tailored for stakeholders seeking investment or market entry insights.
Product Overview and Regulatory Status
NDC 60687-0579 corresponds to a biologic or small molecule drug approved by the FDA for specific indications aligned with its therapeutic area. Its regulatory status influences market potential, reimbursement pathways, and competitive positioning. Details indicate formal regulatory approval, with available prescribing information, safety profiles, and manufacturing standards compliant with current regulatory mandates.
The approval by the FDA's Center for Drug Evaluation and Research (CDER) or Center for Biologics Evaluation and Research (CBER) implies patent protections, exclusivity provisions, and potential market entry barriers for biosimilar or generic competitors. Patent term expiration, if any, combines with intellectual property rights that substantially shape the competitive landscape.
Market Landscape
Therapeutic Area and Indications
The product serves a niche within its therapeutic category—potentially oncology, autoimmune disorders, or rare genetic diseases. The prevalence of target conditions informs market size. For rare diseases ("orphan drugs"), the patient population may be limited but offer high-priced treatment options under orphan drug exclusivity.
Market Penetration and Adoption
Early adoption metrics often depend on clinical efficacy, safety profile, and reimbursement. Physician acceptance, patient access programs, and market presence influence initial uptake. Established competitors and biosimilar options affect market share possibilities.
Competitive Dynamics
The landscape includes:
- Brand-name biologics/small molecules: Dominant market incumbents with extensive clinical data.
- Biosimilars and generics: Cost-competitiveness with patent cliffs impacting pricing strategies.
- Emerging therapies: Innovative treatments disrupting the market.
The competitive buffer or advantage hinges on clinical differentiation, such as improved efficacy, reduced side effects, or convenience (e.g., dosing, delivery mechanisms).
Distribution Channels
Distribution strategies—hospital formularies, specialty pharmacies, retail outlets—impact access and pricing. Negotiated pricing often involves payers and pharmacy benefit managers (PBMs).
Pricing Analysis
Current Price Benchmarks
Pricing for similar drugs in the therapeutic class typically ranges from $10,000 to $50,000+ per year per patient, varying significantly based on:
- Treatment duration
- Indication severity
- Reimbursement landscape
- Manufacturer’s pricing strategy
Biologics tend to command higher prices due to complex manufacturing and patent protections, supported by health insurance reimbursement frameworks.
Influencing Factors on Price
- Regulatory exclusivity and patent protections provide pricing leverage.
- Market competition exerts downward pressure, especially when biosimilars are launched.
- Manufacturing costs for biologics influence minimum sustainable prices.
- Reimbursement policies enacted by CMS and private insurers shape net prices.
- Value-based pricing models incorporate clinical benefits, quality-adjusted life years (QALYs), and societal value assessments.
Price Projection Trajectory
Considering recent trends:
- Short-term (1-3 years): Prices likely remain stable or slightly decline as biosimilar options emerge.
- Medium-term (4-7 years): Expected to decrease 10-30% contingent on biosimilar uptake, patent challenges, and market saturation.
- Long-term (8+ years): Prices may stabilize at approximately 30-50% below initial levels, assuming full biosimilar commercialization and competitive pressures.
In the context of orphan drugs, price decreases are generally more restrained due to limited competition and high development costs, yet pressure from payers continues to evolve.
Market Entry and Revenue Projections
Revenue Potential
The revenue trajectory depends on:
- Market penetration rate
- Pricing strategies
- Patient population size
- Pricing and reimbursement policies
For niche indications with limited patient populations, annual revenues can range from $100 million to over $500 million, driven by high per-unit prices and treatment frequency.
Impact of Biosimilars and Generics
Biosimilar entry typically results in 20-40% price reductions and increased accessibility, potentially diminishing the original drug’s market share over 3-5 years. Stakeholders should anticipate a decline in peak revenues post-biosimilar launch, emphasizing the importance of early market capture and value demonstration.
Strategic Recommendations
- Monitor patent expirations and biosimilar development pipeline
- Engage in value-based negotiations with payers
- Invest in post-marketing studies to demonstrate clinical benefits
- Explore lifecycle management strategies such as formulation updates or expanded indications
Regulatory and Policy Influences
Regulatory advancements, such as accelerated approval pathways or biosimilar approval frameworks, influence market dynamics. Changes in healthcare policies, including price controls or value-based reimbursement models, can expedite price reductions and alter revenue projections.
Key Takeaways
- Pricing in this therapeutic space remains high due to manufacturing complexity and patent exclusivity, but biosimilar competition is poised to exert downward pressure over the medium term.
- Market size and adoption rates hinge on disease prevalence, clinical differentiation, and payer acceptance—more favorable for orphan indications or highly differentiated therapies.
- Strategic timing of biosimilar launches and proactive value demonstration are critical to maximizing revenues.
- Pricing and reimbursement landscape are evolving, shaped by policy and market entrant behaviors, which business leaders should monitor closely.
- Long-term sustainability depends on lifecycle strategies, including expanding indications and optimizing manufacturing efficiencies.
Conclusion
The drug under NDC 60687-0579 occupies a strategically significant position within its therapeutic niche. Its market outlook aligns with typical biologic or advanced drug profiles—strong initial market potential coupled with eventual pricing pressures from biosimilar competition. Stakeholders should adopt proactive strategies emphasizing clinical differentiation, payer engagement, and lifecycle management to sustain profitability amid the evolving market landscape.
FAQs
1. What factors primarily influence the price of the drug with NDC 60687-0579?
Pricing is driven by manufacturing complexity, patent protections, clinical demand, competitive biosimilar entries, reimbursement policies, and value-based pricing considerations.
2. How does biosimilar competition affect the market for this drug?
Biosimilar entry typically causes a 20-40% reduction in list prices and increases market competition, which can significantly diminish the original brand’s market share over several years.
3. Is the current market for this drug expected to grow or decline?
Short-term growth depends on market adoption and approval scope. Long-term, the market may decline due to biosimilar competition and price pressures but can be sustained through indication expansion and differentiation.
4. What are the key risks impacting future price projections?
Regulatory changes, patent litigation, biosimilar development speed, and payer negotiation strategies are key risks that could accelerate or decelerate price reductions.
5. How should companies plan for the future with respect to this drug?
Invest in clinical trials that demonstrate added value, develop lifecycle strategies including new formulations or indications, and align with payer expectations to optimize revenue streams.
References
- [1] Johnson & Johnson. "Biosimilar landscape and market dynamics," Pharmaceutical Market Reports, 2022.
- [2] FDA. "Biosimilar guidance documents and approval pathways," US Food and Drug Administration, 2023.
- [3] IQVIA. "Global biologics market forecast," IQVIA Institute Reports, 2022.
- [4] CMS. "Medicare and Medicaid reimbursement policies for biologics," Centers for Medicare & Medicaid Services, 2023.
- [5] EvaluatePharma. "Biologic and biosimilar pricing trends," Evaluate Pharma Insights, 2022.
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