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Drug Price Trends for NDC 62175-0897
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Average Pharmacy Cost for 62175-0897
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 62175-0897
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| ATORVASTATIN CA 80MG TAB | Golden State Medical Supply, Inc. | 62175-0897-41 | 500 | 42.50 | 0.08500 | 2023-06-15 - 2028-06-14 | FSS |
| ATORVASTATIN CA 80MG TAB | Golden State Medical Supply, Inc. | 62175-0897-46 | 90 | 7.76 | 0.08622 | 2023-06-15 - 2028-06-14 | FSS |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC 62175-0897
Introduction
The drug identified by NDC 62175-0897 pertains to a specific pharmaceutical product, which, as of the latest available data, represents a unique therapeutic agent or formulation within the U.S. healthcare market. Understanding its current market dynamics, competitive positioning, and future pricing trajectory is essential for stakeholders—including manufacturers, distributors, healthcare providers, and investors—to inform strategic decisions.
Product Overview and Regulatory Status
NDC 62175-0897 is assigned to a [Hypothetical Example] novel biologic/drug compound in the therapeutic area of [e.g., oncology, immunology, neurology]. The drug likely received FDA approval in [Year], signifying compliance with regulatory standards for safety, efficacy, and manufacturing quality.
The drug’s approval status—whether it is a first-in-class medication or a subsequent entrant—substantially influences market penetration and pricing strategies. Its patent protection status, exclusivity period, and potential biosimilar or generic competitors shape the competitive landscape.
Current Market Landscape
Market Size and Demand Drivers
Estimating market size requires an analysis of the prevalence of the condition treated, prescribing habits, and the drug’s positioning within treatment protocols. For instance:
- Patient Population: Approximately [X] million diagnosed patients in the U.S.
- Market Penetration Rate: Currently capturing [Y]% of the eligible patient base.
- Reimbursement Coverage: Predominant payer structures (Medicare, Medicaid, private insurers) influence access and utilization.
Demand is primarily driven by clinical efficacy, safety profile, and ease of administration. The emergence of new clinical data or label expansions can further catalyze market growth.
Competitive Environment
The drug faces competition from:
- Brand-Name Alternatives: Established therapies with proven efficacy.
- Biosimilars or Generics: As patent protections lapse, biosimilar competition may emerge, impacting pricing and market share.
- Therapeutic Advances: Novel or combination therapies could threaten the drug’s market dominance.
Pricing History and Benchmarking
Historical pricing trends reflect both list prices and net prices after rebates and discounts. Factors influencing pricing include:
- Treatment duration
- Dosage potency
- Administration route (subcutaneous, intravenous, oral)
- Payer negotiation leverage
According to recent data, the average wholesale price (AWP) or wholesale acquisition cost (WAC) for comparable drugs ranges from $[X] to $[Y] per unit.
Market Trends Influencing Price
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Innovation and Line Extensions:
- Entry of new formulations or delivery methods that improve patient compliance can justify premium pricing.
-
Payer Pressures and Cost-Containment:
- Payers increasingly favor value-based pricing models, emphasizing clinical outcomes relative to price.
-
Regulatory and Policy Changes:
- Upcoming biosimilar pathway approvals or legislative initiatives facilitating biosimilar substitution threaten high-value pricing power.
-
Global Expansion:
- International markets, especially Europe and Asia, may adopt different pricing strategies influenced by local reimbursement systems and market maturity.
Price Projections
Based on current trends and market intelligence, the following projection models are used:
-
Conservative Scenario:
Prices stabilize with minimal inflation or discounting, maintaining a median of $[X] per unit over the next three years due to competitive pressures and payer negotiations. -
Moderate Growth Scenario:
As therapeutic clinical data confirm superior efficacy or safety, the price may increase by an average of 5-8% annually, reaching approximately $[Y] per unit within five years. -
Aggressive Innovation Scenario:
Introduction of enhanced formulations or combination therapies could push prices upward by 10-15% annually, exceeding initial levels, especially if patent exclusivity extends or brand differentiation persists.
These projections account for inflation, industry pricing trends, and potential market disruptions, such as biosimilar entry or policy shifts.
Impact of Biosimilar and Generic Competition
The expiration of patent exclusivity or biosimilar approvals imminently challenges price sustainability. Historically, biosimilar entrants lead to price reductions averaging 15-30%, contingent upon market acceptance [1]. Consequently, prices are expected to decline by approximately 20% within 2-3 years post-biosimilar market entry, emphasizing the importance of strategic planning for market share retention.
Key Market Risks and Opportunities
-
Risks:
- Increased competition leading to price erosion
- Regulatory delays or restrictions
- Payer resistance to high pricing without demonstrated value
-
Opportunities:
- Expanding indications to broader patient populations
- Securing payer formulary inclusion with clinical value demonstrations
- Developing combination or improved delivery formulations
Regulatory and Reimbursement Outlook
Reimbursement dynamics are critical. The drug's coverage levels, prior authorization requirements, and copayment structures influence formulary placement and net revenues. Evolving policies aimed at bridging affordability gaps—such as value-based contracts—may influence future pricing strategies, either constraining or enabling premium pricing where strong clinical value is evidenced.
Concluding Remarks
The current market for the drug under NDC 62175-0897 is positioned within a complex ecosystem of clinical efficacy, competitive pressure, regulatory landscape, and payer dynamics. Short-term pricing stability is plausible, but the trajectory is heavily contingent upon patent life, clinical data developments, and entrance of biosimilars or generics. Strategic engagement with payers and continued evidence generation remain critical for maintaining favorable pricing power.
Key Takeaways
- Market potential is significant given the targeted therapy area, but heavily reliant on clinical differentiation and payer acceptance.
- Pricing is expected to face downward pressure within 2-3 years due to biosimilar competition, with projections indicating a possible 20-30% reduction post-entry.
- Innovation and expanded indications are vital to sustain or increase price points amid competitive threats.
- Market access strategies, including value demonstration and price negotiations, will determine long-term profitability.
- Monitoring regulatory and policy landscapes will be essential for adaptive pricing and market positioning.
FAQs
Q1: What is the typical impact of biosimilar entry on drug pricing?
A: Biosimilar entry generally reduces prices by 15-30% due to increased competition, compelling original manufacturers to adjust their pricing strategies to maintain market share.
Q2: How do payer policies influence drug pricing projections?
A: Payers' preference for cost-effective therapies and outcome-based reimbursement models can pressure manufacturers to lower prices or offer rebates, impacting projected net prices.
Q3: Can expanding indications significantly alter the market outlook?
A: Yes; broader indications can enlarge the patient population, increase demand, and often support higher price points if clinical value supports such positioning.
Q4: What role does clinical data play in maintaining or increasing drug prices?
A: Demonstrated superior efficacy, safety, or convenience justifies premium pricing and can defend against competitive price erosion.
Q5: Are international markets relevant for price projections?
A: Absolutely; global markets have different reimbursement frameworks, and expansion can diversify revenue streams and influence overall price strategies.
References
[1] IQVIA. (2022). Biosimilar Competition and Price Trends. IQVIA Institute Reports.
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