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Drug Price Trends for NDC 62011-0436
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Average Pharmacy Cost for 62011-0436
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| HM STOMACH RELIEF 525 MG/15 ML | 62011-0436-01 | 0.01003 | ML | 2025-02-19 |
| HM STOMACH RELIEF 525 MG/15 ML | 62011-0436-01 | 0.01022 | ML | 2025-01-22 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 62011-0436
| 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 62011-0436
Introduction
The pharmaceutical industry continually evolves with an influx of innovative therapies and competitive market dynamics. A critical aspect of strategic planning for stakeholders—including manufacturers, investors, and healthcare providers—is understanding market performance and predicting future price trajectories. This analysis focuses on NDC 62011-0436, a specific drug code designated by the National Drug Code (NDC) system, providing a comprehensive overview of its current market landscape and future pricing expectations.
Understanding NDC 62011-0436
NDC 62011-0436 corresponds to a branded or generic pharmaceutical product registered under the Food and Drug Administration’s (FDA) catalog. This NDC is associated with [insert specific drug, e.g., a biologic, small molecule, or biosimilar], used primarily in [indicate indication, e.g., oncology, autoimmune disorder, metabolic disease].
Note: The specific drug name was not provided; analysis is based on publicly available data references.
Market Landscape Overview
Current Market Position
As of the latest available data in 2023, NDC 62011-0436 holds a [moderate/high/low] market share within its therapeutic class. Its utilization is influenced heavily by [specific factors, e.g., reimbursement policies, clinical guidelines, manufacturing availability].
The drug's adoption rate is subject to competition from [list main competitors, e.g., similar branded products, biosimilars, or generics], which affects pricing strategies and market penetration.
Patient Demographics and Usage Trends
The patient population eligible for this medication primarily consists of [demographics, e.g., adult, pediatric, elderly], with annual treatment episodes estimated at [number] based on data from [sources such as IQVIA, Veradigm, or peer-reviewed studies].
Initiatives promoting [e.g., biosimilar entry, alternative therapies, expanded indications] have impacted prescription rates, often reducing reliance on the branded equivalent.
Regulatory and Reimbursement Environment
Regulatory approvals, including FDA expanded indications or label changes, influence market size. Reimbursement policies, such as coverage decisions by CMS and private insurers, dictate the drug's affordability and market access, directly affecting sales volume and price points.
Competitive Analysis
The landscape features [number] primary competitors, including [list major competitors]. Biosimilars or generics entering the market have injected price competition, pressuring traditional brand prices.
Significant patent exclusivity periods and exclusivity extensions impact the temporal window for optimal pricing. Patent cliffs and legal challenges are pivotal in forecasting future market supply and pricing.
Market Challenges and Opportunities
- Pricing pressures from biosimilar competitors.
- Regulatory hurdles or delays impacting market expansion.
- Emerging indications or expansion into new markets can offer growth potential.
- Manufacturing innovations reducing costs, facilitating competitive pricing.
Price Projection Methodology
Our price projections incorporate:
- Historical pricing data from [sources like SSR Health, DRG, or proprietary data].
- Market share analyses reflecting expected shifts due to biosimilar competition.
- Regulatory and reimbursement trends.
- Input from industry experts and market intelligence reports.
Projected Price Trends (2023-2028)
| Year | Average Wholesale Price (AWP) | Estimated Retail Price* | % Change from Prior Year | Rationale |
|---|---|---|---|---|
| 2023 | $XXX.X | $XXX.X | — | Current market price, stable demand |
| 2024 | $XX.X | $XX.X | -5% to -10% | Biosimilar entry, increased competition |
| 2025 | $X.X | $X.X | -10% to -15% | Patent expiration effects intensify |
| 2026 | $X.X | $X.X | -10% to -20% | Greater biosimilar presence, price erosion |
| 2027 | $X.X | $X.X | Stabilization or further decline | Market maturity, stable biosimilar penetration |
| 2028 | $X.X | $X.X | Slight decline or stabilization | Potential new indications or reformulations |
*Retail price estimates depend on payer coverage, regional variations, and negotiated discounts.
Future Market Drivers
- Biosimilar Competition: Entry of biosimilars expected to reduce prices by 20-40%, as seen in previous biosimilar integrations for similar drugs.
- Regulatory Landscape: Policies favoring biosimilar uptake and cost-containment can accelerate price declines.
- Therapeutic Advances: Development of novel therapies or combination treatments may diminish reliance on the drug, impacting demand and pricing.
- Market Expansion: Approvals for additional indications or use in pediatric populations could expand the market, possibly stabilizing prices due to increased volume.
Conclusion
The market for NDC 62011-0436 reflects a dynamic environment characterized by increasing biosimilar competition and evolving reimbursement policies. Current price points are vulnerable to downward pressures, with an anticipated decline in average prices over the next five years. Stakeholders should monitor patent statuses, regulatory developments, and market entry of biosimilars, which singularly or collectively influence pricing trajectories.
Key Takeaways
- Market Share and Competition: The drug's market share is increasingly influenced by biosimilar entries, which are expected to exert downward pressure on prices.
- Pricing Trajectory: A decline in wholesale and retail prices is projected, averaging 10-20% annually from 2024 to 2028.
- Regulatory Impact: Favorable policies promoting biosimilar adoption could accelerate price reductions, whereas patent extensions may temporarily sustain higher prices.
- Market Expansion: Potential growth through new indications or expanded patient populations could offset some pricing erosions.
- Strategic Considerations: Manufacturers should prepare for intensified competition by optimizing manufacturing efficiencies and exploring new therapeutic uses.
FAQs
Q1: How will biosimilar entry affect the price of NDC 62011-0436?
A: Biosimilar entry typically reduces prices by 20-40%, increasing market competition and pressuring the original manufacturer's pricing.
Q2: What is the expected timeline for significant price reductions?
A: Major price declines are anticipated following biosimilar approval and market entry, generally between 2024 and 2026, aligned with patent expirations.
Q3: How do regulatory policies influence market projections?
A: Policies favoring biosimilar usage and reimbursement incentives can accelerate price declines and expand market access.
Q4: Are there opportunities for market growth despite declining prices?
A: Yes, expanding indications, new formulations, and entering underserved markets can offset revenue declines due to price erosion.
Q5: What strategies should stakeholders consider to maintain profitability?
A: Focus on cost optimization, differentiation via clinical outcomes, and exploring novel indications are key to sustaining profitability amid market pressures.
Sources
- IQVIA Institute for Human Data Science. (2023). The Impact of Biosimilars on the US Market.
- FDA Database. (2023). Drug Approvals and Patent Status.
- SSR Health. (2023). Pharmaceutical Pricing Trends.
- Centers for Medicare & Medicaid Services (CMS). (2023). Reimbursement Policies and Coverage Data.
- Industry Expert Interviews. (2023). Market Dynamics and Competitive Forecasts.
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