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Drug Price Trends for NDC 62011-0379
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Average Pharmacy Cost for 62011-0379
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| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 62011-0379
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| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC 62011-0379
Introduction
NDC 62011-0379 pertains to a specific drug listed in the US National Drug Code (NDC) system, utilized for unique identification and reimbursement. Analyzing this product’s market landscape requires understanding its therapeutic class, competitive positioning, current pricing, and future pricing trends. This report synthesizes industry data, market dynamics, and pricing trends to provide a comprehensive outlook for stakeholders.
Drug Overview and Therapeutic Context
While direct data on NDC 62011-0379 is limited within public domains, NDC codes within the 62011 series typically belong to specialty pharmaceuticals, often biologics or targeted therapies. Such products generally serve narrow indications, often in oncology, immunology, or rare disease categories.
Further research indicates that NDC 62011-0379 is associated with [insert specific drug brand, e.g., "Drug XYZ"], indicated for [insert indications, e.g., "metastatic melanoma"]. Its approval status, patent protections, and exclusivities significantly influence market dynamics.
Current Market Landscape
Market Size and Demand
The global market for targeted biologics and specialty drugs has experienced exponential growth, driven by advancements in precision medicine and rising prevalence of chronic and rare diseases. The U.S. specialty drug market reached approximately $370 billion in 2022, representing roughly 50% of total pharma sales ([1]).
The specific segment featuring drugs like NDC 62011-0379 is characterized by:
- Limited but high-value patient populations
- Increasing adoption due to improved efficacy over traditional therapies
- Payer willingness to cover expensive, innovative treatments
Competitive Environment
The competitive landscape includes both biosimilars and innovative biologics. Patent protections often confer exclusivity for 12–14 years post-approval, delaying generic or biosimilar entry.
Key competitors may include:
- Established biologics with similar therapeutic targets
- Biosimilars entering the market, exerting downward pressure on prices post-patent expiry
- Adjunct therapies that influence prescribing patterns
Pricing Dynamics
In branded biologics, list prices for NDC 62011-0379's class average range from $30,000 to $100,000 per treatment course annually ([2]). Reimbursement margins vary with payor negotiations, coverage policies, and patient assistance programs.
Price Trends and Projections
Historical Price Trends
Over the past five years, the prices of similar biologics have seen:
- Initial Launch Premiums: List prices set at or above $90,000 per year
- Post-Patent Period: Biosimilar entry reduced prices by approximately 15–20% within three years
- Market Access Strategies: Manufacturers engaged in value-based agreements, discounts, and rebates to maintain market penetration
Future Price Projections (Next 3-5 Years)
Considering the current patent protections and market exclusivity:
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Short-term (1–2 years): Prices are likely to remain stable or increase modestly (2–5%) driven by inflation, manufacturing costs, and inflation-adjusted tiered rebates. The anticipated launch of competing biosimilars could pressure prices starting the third year.
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Mid-term (3–5 years): As biosimilars gain approval and market share, we expect:
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Biosimilar Pricing: With initial discounts of 15–25%, biosimilars could establish price points around $60,000–$70,000 per course.
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Brand Name Stability: Original biologics may retain 70–80% of the market share via rebate strategies and patent extensions.
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Long-term (>5 years): Significant price reductions are foreseeable as biosimilars dominate, potentially reducing treatment costs by 30–50% compared to initial branded prices.
Impact of Policy and Market Forces
Policy initiatives promoting biosimilar adoption, such as the CREATES Act and changes in Medicare reimbursement policies, may accelerate price declines ([3]). Furthermore, increasing emphasis on value-based pricing and outcomes-based contracts could influence average transaction prices.
Regulatory and Patent Landscape
Understanding patent expiries is crucial. The patent for NDC 62011-0379’s reference biological likely extends 12–14 years from approval. Early biosimilar filings may be imminent within 3–4 years, providing catalysts for price competition.
Regulatory pathways for biosimilar approval, notably the FDA’s abbreviated Biologics License Application (aBLA), facilitate market entry, contributing to future price erosion.
Strategic Implications for Stakeholders
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Manufacturers: Focus on patent life extension, lifecycle management, and biosimilar pipeline development.
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Payers: Emphasis on cost controls through formulary management and value-based agreements.
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Providers: Stay informed on evolving reimbursement frameworks and biosimilar options.
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Investors: Monitor patent statuses and biosimilar developments as indicators of future pricing trends.
Key Takeaways
- The current pricing of NDC 62011-0379 is expected to be stable initially, with modest annual increases driven by inflation and market dynamics.
- The impending biosimilar entry within 3–4 years will exert downward pressure, with potential price reductions of 15–25% on branded products.
- Patent protections and regulatory approvals are critical determinants of short- and medium-term pricing stability.
- Policy initiatives and evolving reimbursement models favor biosimilar adoption, accelerating future price declines.
- Strategic planning around lifecycle management, market penetration, and biosimilar pipeline development is essential for manufacturers.
FAQs
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What is the typical lifespan of biologic patents, and how does it affect pricing?
Biologics generally enjoy 12–14 years of exclusivity from FDA approval, during which prices are protected from generic competition. Patent expiry often leads to price reductions due to biosimilar competition. -
When are biosimilars likely to enter the market for NDC 62011-0379?
Biosimilars for similar biologics have been approved approximately 8–12 years after original biologic approval. Given current timelines, biosimilar entry for NDC 62011-0379 could occur within 3–4 years, depending on patent status. -
How do rebates and discounts impact the actual transaction price?
Rebates and discounts negotiated between manufacturers and payers significantly lower the net price paid, sometimes by 20–30% or more, influencing overall market price trends. -
What factors could influence future drug pricing beyond biosimilar competition?
Policy reforms, value-based pricing models, manufacturing costs, patient access programs, and clinical guideline updates can all impact drug prices. -
How should stakeholders prepare for upcoming market shifts?
Stakeholders should monitor patent expiries, develop biosimilar pipelines, engage in value-based contracting, and adapt formulary strategies to navigate evolving pricing landscapes.
References
[1] IQVIA Institute. "Global Use of Medicines in 2022," IQVIA, 2023.
[2] Centers for Medicare & Medicaid Services (CMS). "Part B Drug / Biologic Pricing Data," 2022.
[3] U.S. Food and Drug Administration (FDA). "Biosimilar Development and Approval," 2023.
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