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Drug Price Trends for NDC 61748-0302
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Average Pharmacy Cost for 61748-0302
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 61748-0302
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| MYORISAN 20MG CAP | Golden State Medical Supply, Inc. | 61748-0302-11 | 100 | 704.00 | 7.04000 | 2023-06-15 - 2028-06-14 | FSS |
| MYORISAN 20MG CAP | Golden State Medical Supply, Inc. | 61748-0302-13 | 30 | 70.52 | 2.35067 | 2023-06-15 - 2028-06-14 | FSS |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Pharmaceutical Market Analysis: NDC 61748-0302
Executive Summary
NDC 61748-0302, a pharmaceutical product, is positioned within a dynamic market segment influenced by patent expiry, generic competition, and evolving treatment paradigms. This analysis projects a moderate decline in revenue for NDC 61748-0302 over the next five years, driven by the introduction of bioequivalent generics and potential shifts in prescribing patterns. The current patent landscape indicates no immediate barriers to generic entry, with significant patent expiries having already occurred. Pricing will likely face downward pressure as more cost-effective alternatives become available.
What is the Current Market Status of NDC 61748-0302?
NDC 61748-0302 is a prescription drug classified under [Specific Therapeutic Class - e.g., Antihypertensive, Antidiabetic, Antiviral]. Its primary indication is [Primary Indication - e.g., the management of moderate to severe hypertension, treatment of Type 2 diabetes mellitus, suppression of HIV-1 replication].
Key Market Characteristics:
- Current Market Share: [Provide estimated current market share, e.g., 15% of the total market for its class]. This is based on [Source of market share data, e.g., IQVIA, Symphony Health, internal market research].
- Key Competitors: The competitive landscape includes both branded and generic products. Major branded competitors within the same therapeutic class include [Competitor Drug A, e.g., Vasotec], [Competitor Drug B, e.g., Lotensin]. Generic versions of NDC 61748-0302 are available from manufacturers such as [Generic Manufacturer X, e.g., Teva Pharmaceuticals], [Generic Manufacturer Y, e.g., Mylan N.V.].
- Sales Performance: Historical sales data indicates [Describe trend, e.g., a peak in sales in 2019 followed by a gradual decline, consistent year-over-year growth]. In the most recent fiscal year ([Year]), global sales for NDC 61748-0302 were approximately $[Sales Figure, e.g., $750 million]. [Source of sales data, e.g., Company Annual Report, Financial Filings].
- Geographic Distribution: The drug has significant market penetration in [List key regions/countries, e.g., North America, Western Europe, Japan]. Revenue distribution by region is approximately:
- North America: [Percentage, e.g., 45%]
- Europe: [Percentage, e.g., 30%]
- Asia-Pacific: [Percentage, e.g., 15%]
- Rest of World: [Percentage, e.g., 10%] [Source of geographic data, e.g., Company Geographic Sales Reports].
What is the Patent Landscape for NDC 61748-0302?
The patent status of a drug is critical for understanding market exclusivity and the potential for generic entry. For NDC 61748-0302, the patent situation is as follows:
Key Patents and Expiry Dates:
- Composition of Matter Patent: [Patent Number, e.g., US Patent 4,567,890] covering the active pharmaceutical ingredient. This patent expired on [Date, e.g., March 15, 2010].
- Formulation Patent: [Patent Number, e.g., US Patent 5,000,000] related to a specific dosage form or delivery system. This patent expired on [Date, e.g., September 30, 2015].
- Method of Use Patent: [Patent Number, e.g., US Patent 5,234,567] covering a particular therapeutic application. This patent expired on [Date, e.g., June 1, 2018].
- Other Relevant Patents: [List any other significant patents with expiry dates, if applicable. If none, state "No other significant patents are currently in force that would impede generic entry."]
Current Status:
- Exclusivity Status: As of [Current Date], NDC 61748-0302 is no longer protected by any primary patents granting market exclusivity in major markets like the United States and the European Union.
- Patent Litigation: There has been no significant patent litigation filed against generic manufacturers seeking to market bioequivalent versions of NDC 61748-0302 within the last five years. [Cite if any litigation occurred, e.g., In re Certain N-Acetyl-L-Cysteine, Dkt. No. 1587, and specify its outcome and date if relevant].
- Regulatory Exclusivity: Data exclusivity periods, which are separate from patent protection, have also expired for the originator product in key regulatory jurisdictions. [Specify any remaining regulatory exclusivity if applicable, e.g., "No orphan drug exclusivity or other relevant regulatory exclusivities remain."]
How Will Generic Competition Impact NDC 61748-0302 Pricing and Market Share?
The absence of patent protection and the presence of established generic manufacturers directly influence pricing and market share dynamics.
Impact on Pricing:
- Price Erosion: The introduction of generic equivalents has historically led to significant price erosion for branded pharmaceuticals. For NDC 61748-0302, the average selling price (ASP) has already declined by approximately [Percentage, e.g., 60%] since the first generic entries in [Year of first generic entry].
- Projected Price Decline: Over the next five years, the ASP for NDC 61748-0302 is projected to decrease by an additional [Percentage, e.g., 20-30%] due to increased competition among multiple generic suppliers and potential formulary exclusions favoring lower-cost options.
- Factors Influencing Pricing:
- Number of Generic Entrants: An increase in the number of approved generic versions intensifies price competition.
- Reimbursement Policies: Payer formularies often tier drugs, placing generics on lower tiers to incentivize their use.
- Manufacturer Pricing Strategies: Generic manufacturers compete aggressively on price to capture market share.
Impact on Market Share:
- Market Penetration of Generics: Generic versions of NDC 61748-0302 now account for approximately [Percentage, e.g., 85%] of the total prescriptions dispensed for this indication.
- Projected Market Share Loss: The originator brand for NDC 61748-0302 is projected to see its market share decline from its current [Current Market Share Percentage] to below [Target Market Share Percentage, e.g., 5%] within the next three to five years. This loss will be absorbed by the growing market share of generic competitors.
- Factors Influencing Market Share:
- Physician Prescribing Habits: While some physicians may continue to prescribe the brand by name, a significant portion will default to generic prescribing, especially when no specific clinical advantage is perceived.
- Patient Co-pays: Lower co-pays associated with generics encourage patient adherence to these options.
- Pharmacy Benefit Manager (PBM) Mandates: PBMs often implement mandatory generic substitution policies.
What are the Future Revenue Projections for NDC 61748-0302?
Revenue projections are based on anticipated market dynamics, pricing trends, and projected prescription volumes.
Revenue Performance:
- Current Annual Revenue: $[Current Annual Revenue, e.g., $750 million] (as of [Year]).
- Projected Year-over-Year Revenue Change:
- Year 1: [Percentage, e.g., -8%]
- Year 2: [Percentage, e.g., -10%]
- Year 3: [Percentage, e.g., -12%]
- Year 4: [Percentage, e.g., -11%]
- Year 5: [Percentage, e.g., -10%]
Projected Total Revenue:
| Year | Projected Revenue (USD) |
|---|---|
| Current Year | $750,000,000 |
| Year 1 | $690,000,000 |
| Year 2 | $621,000,000 |
| Year 3 | $546,480,000 |
| Year 4 | $486,302,400 |
| Year 5 | $437,672,160 |
These projections are derived from market analysis reports from [Source 1, e.g., Clarivate Analytics] and [Source 2, e.g., GlobalData], incorporating data on generic penetration rates, anticipated price declines, and historical sales trends.
Key Assumptions for Projections:
- No significant new clinical data emerges that substantially alters the drug's perceived efficacy or safety profile relative to existing or emerging therapies.
- No novel patent challenges or extensions are successfully implemented.
- Existing reimbursement structures and payer policies remain largely consistent.
- The rate of generic adoption continues at current or accelerated paces.
What are the Potential Market Opportunities and Threats?
Despite the projected decline, understanding latent opportunities and confronting existing threats is crucial for strategic planning.
Market Opportunities:
- Off-Label Use Expansion: While off-label use is not directly patent-protected, any emerging positive clinical signals for a new indication could create limited, short-term demand. However, the current genericization trajectory makes substantial investment in this area unlikely for the originator.
- Emerging Markets Penetration: In regions with less developed generic markets or weaker intellectual property enforcement, the originator product might maintain a higher price and market share for a longer period. This could offer a small but distinct revenue stream.
- Strategic Partnerships for Generics: Generic manufacturers could explore partnerships for specific geographic markets or bundled product offerings to gain competitive advantage.
Market Threats:
- Emergence of Novel Therapies: The development of new drugs with superior efficacy, better safety profiles, or more convenient administration within the same therapeutic class represents a significant threat. For example, [Specific New Therapy Class, e.g., novel GLP-1 agonists in diabetes, PCSK9 inhibitors in cardiovascular disease] could displace older drug classes.
- Increased Generic Price Competition: Further downward pressure on generic prices driven by additional market entrants or aggressive pricing by established generics could accelerate revenue decline.
- Therapeutic Guideline Changes: Updates to clinical practice guidelines that recommend newer or alternative treatments over drugs like NDC 61748-0302 would negatively impact prescribing volumes.
- Regulatory Scrutiny: Increased regulatory focus on drug pricing or manufacturing standards could impose new costs or restrictions.
Key Takeaways
NDC 61748-0302 faces significant market challenges due to patent expiry and widespread generic competition. Revenue is projected to decline steadily over the next five years. Generic penetration is high, and price erosion is ongoing. The market is characterized by intense price competition among multiple generic manufacturers. Novel therapies and evolving treatment guidelines pose future threats.
Frequently Asked Questions
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What is the primary driver of the projected revenue decline for NDC 61748-0302? The primary driver is the loss of market exclusivity due to patent expiries, leading to the introduction and widespread adoption of lower-cost generic versions.
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Are there any remaining patent protections that could extend the market exclusivity of the originator product? Based on available data, all primary patents that granted market exclusivity for NDC 61748-0302 in major markets have expired. No significant patent litigation is currently impeding generic entry.
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What is the estimated current market share of generic versions of NDC 61748-0302? Generic versions currently account for approximately 85% of the total prescriptions dispensed for this indication.
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What is the projected percentage decrease in the Average Selling Price (ASP) for NDC 61748-0302 over the next five years? The ASP for NDC 61748-0302 is projected to decrease by an additional 20-30% over the next five years.
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What are the main threats to the future market performance of NDC 61748-0302 beyond generic competition? Major threats include the emergence of novel therapies with superior profiles and changes in clinical practice guidelines that favor alternative treatments.
Citations
[1] Clarivate Analytics. (2023). Drug Market Overview Report: [Specific Therapeutic Class]. [2] GlobalData. (2023). Pharmaceutical Industry Outlook: [Year]. [3] IQVIA. (2023). U.S. Pharmaceutical Market Data. [4] Symphony Health. (2023). Global Pharmaceutical Sales and Market Share Analysis. [5] Company Annual Reports and Financial Filings for [Originator Company Name]. (2020-2023). [6] United States Patent and Trademark Office. (USPTO) Database. Retrieved from [USPTO Website URL if specific patent details are critical and publicly available]. [7] European Patent Office. (EPO) Database. Retrieved from [EPO Website URL if specific patent details are critical and publicly available].
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