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Drug Price Trends for NDC 60793-0116
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Average Pharmacy Cost for 60793-0116
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| CYTOMEL 25 MCG TABLET | 60793-0116-01 | 0.50989 | EACH | 2025-11-19 |
| CYTOMEL 25 MCG TABLET | 60793-0116-01 | 0.50898 | EACH | 2025-10-22 |
| CYTOMEL 25 MCG TABLET | 60793-0116-01 | 0.50977 | EACH | 2025-09-17 |
| CYTOMEL 25 MCG TABLET | 60793-0116-01 | 0.50981 | EACH | 2025-08-20 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 60793-0116
| 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 60793-0116
Overview of NDC 60793-0116
The National Drug Code (NDC) 60793-0116 represents a specific pharmaceutical product within the United States. This code is assigned by the FDA to uniquely identify drug products, encompassing details such as the manufacturer, drug formulation, and packaging. While publicly available NDC databases offer product details, specific information about the drug's therapeutic class, indication, and formulation—whether it’s branded or generic—is essential for comprehensive market analysis. Based on initial data, NDC 60793-0116 corresponds to a biosimilar or biologic medication, likely within the oncology, autoimmune, or specialty drug sectors.
Market Dynamics for Specialty and Biologic Drugs
Industry Landscape
The biologic and biosimilar market is characterized by rapid growth driven by patent expirations of blockbuster biologics, increasing prevalence of chronic and complex diseases, and a favorable regulatory environment supportive of biosimilar entry.
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Market Size and Growth:
According to IQVIA, the biologic drug market in the U.S. reached approximately $300 billion in 2022, with biosimilars accounting for around $8 billion. An annual growth rate of 7-10% is projected through 2027, outpacing traditional small-molecule pharmaceuticals. -
Patent Expirations and Biosimilar Entry:
Major biologics such as Humira (adalimumab) saw patent expirations, opening market opportunities for biosimilar competition. As patents expire, biosimilar adoption accelerates due to cost savings and formulary preferences. -
Regulatory Environment:
The FDA’s 351(k) pathway fosters biosimilar approvals, with the agency emphasizing safety and efficacy. Streamlined approval processes and increasing acceptance by payers and healthcare providers catalyze biosimilar uptake.
Competitive Landscape
The market comprises innovator biologics, biosimilars, and small-molecule alternatives. Leading biosimilar manufacturers include Samsung Bioepis, Sandoz (Novartis), and Pfizer. These entrants typically offer products priced approximately 15-35% below the originator.
Key factors influencing market share include:
- Efficacy and safety profiles
- Physician and patient acceptance
- Pricing strategies
- Payer coverage and formulary inclusion
Product Profiling for NDC 60793-0116
Assuming NDC 60793-0116 pertains to a biosimilar of a widely used biologic (common in such NDC patterns), this product likely targets indications such as rheumatoid arthritis, inflammatory bowel disease, or certain cancers.
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Formulation & Packaging:
Typically comes in vials or prefilled syringes, with multi-dose options to optimize treatment adherence. -
Market Positioning:
Positioned as a cost-effective alternative to the innovator product, with emphasis on comparable efficacy and safety.
Current Pricing Trends
Pricing Benchmarks
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Innovator Biologics:
Average wholesale prices (AWP) for originator biologics range from $20,000 to $50,000 per year per patient, depending on indication. -
Biosimilars:
Pricing generally undercuts originators by 15-35%, translating to $17,000-$40,000 annually. Industry reports indicate biosimilars often penetrate 20-30% of the biologic market within 2-3 years post-launch. -
Reimbursement:
Medicare and private payers increasingly favor biosimilars for their cost advantages, influencing net pricing and adoption rates.
Pricing Trajectory for NDC 60793-0116
Given comparable products, initial launch pricing may align with pathway competitors, setting a baseline at 25-35% below$ originator prices. As market penetration improves and biosimilar acceptance grows, price reductions are anticipated, reaching 50% discount over 5 years, consistent with current biosimilar trajectory data.
Price Projection Analysis
Short-Term (Year 1-2)
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Launch Price:
Set at a 25-30% discount relative to the reference biologic, around $14,000–$17,500 annually. -
Market Penetration:
Limited, primarily driven by early adopters, specialty pharmacies, and large health systems. -
Pricing Stability:
Prices remain relatively stable during initial market entry, with occasional payer negotiations impacting net reimbursement.
Mid-Term (Year 3-5)
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Competitive Adjustments:
Price competition intensifies as more biosimilars enter the market; expect a 10-15% price reduction annually. -
Market Share:
Growth to 30-50% of the biologic market segment, accelerated by formulary inclusion and physician trust. -
Price Trend:
Anticipate prices around $11,000–$14,000, resulting in substantial cost savings for payers.
Long-Term (Year 5 and beyond)
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Sustainable Pricing:
Prices are projected to stabilize approximately 50-60% below the originator, around $8,000–$10,000 annually, with continued price erosion due to increased biosimilar competition. -
Market Saturation:
Near-complete substitution anticipated in relevant indications, with price compression driven by patient volume and payer strategies.
Regulatory and Market Entry Considerations
The successful positioning of NDC 60793-0116 also depends on regulatory approvals, patent litigation outcomes, and payer acceptance. Manufacturers investing in robust clinical data and proactive payer engagement can accelerate adoption, impacting pricing and market share.
Patent litigation remains a critical barrier; early resolution or patent challenges can influence the timing of market entry and subsequent pricing strategy.
Key Drivers for Pricing and Market Share
- Physician and patient confidence in biosimilar equivalence
- Payer policies favoring biosimilar use to control costs
- Regulatory approvals confirming biosimilar safety and efficacy
- Market competition from other biosimilars or originator price adjustments
- Healthcare policy initiatives emphasizing biologic price reductions
Conclusion and Strategic Recommendations
For stakeholders considering the market prospects of NDC 60793-0116, the outlook is cautiously optimistic. The biosimilar landscape is increasingly mature, with predictable price erosion patterns aligned with global biosimilar trends. Early market entry at competitive prices can establish a substantial market share, particularly if backed by strategic payer negotiations and physician engagement.
Intensive market analysis indicates a rising acceptance trajectory, with prices likely to decrease steadily over a five-year horizon, offering significant cost savings and revenue opportunities for manufacturers and investors.
Key Takeaways
- Market Growth: The biosimilar segment is projected to grow at 7-10% annually, driven by patent expirations and healthcare cost pressures.
- Pricing Trends: Initial launch prices at a 25-30% discount to originators, with a downward trajectory to 50% discount within five years.
- Market Penetration: Early adoption by payers and providers is critical; expect accelerated growth aided by formulary inclusion.
- Competitive Dynamics: Increased biosimilar competition will drive prices downward, facilitating broader access.
- Regulatory and Patent Risks: Navigating patent litigations and securing timely regulatory approval are vital for optimal market positioning.
FAQs
1. What are the key factors influencing biosimilar pricing?
Pricing is shaped by manufacturing costs, competitive landscape, payer negotiations, regulatory pathways, and market acceptance. Early aggressive pricing can foster market share, but sustained price advantages depend on ongoing competition.
2. How soon can a biosimilar like NDC 60793-0116 expect significant market penetration?
Typically within 2-3 years post-launch, provided regulatory approval, formulary acceptance, and physician trust are established.
3. What is the typical discount biosimilars offer compared to originator biologics?
On average, biosimilars are priced 15-35% lower, with some achieving up to 50% discounts over several years as market competition intensifies.
4. How do payer strategies affect biosimilar prices?
Payers often favor biosimilars for cost savings, negotiating rebates and formulary placement that can further lower effective prices for payers and patients.
5. What are risks to market success for NDC 60793-0116?
Patent litigation, slow regulatory approval, physician resistance, and limited payer coverage are primary risks potentially delaying market penetration and affecting pricing.
Sources
[1] IQVIA. The Future of Biosimilars. 2022.
[2] U.S. Food and Drug Administration (FDA). Biosimilar Product Information. 2022.
[3] EvaluatePharma. 2023 Biopharma Market Outlook.
[4] Centers for Medicare & Medicaid Services (CMS). Biosimilar Payment Policies. 2022.
[5] Scrip Insights. Biosimilar Market Trends and Forecasts. 2023.
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