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Drug Price Trends for NDC 62756-0224
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Average Pharmacy Cost for 62756-0224
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| TIAGABINE HCL 4 MG TABLET | 62756-0224-83 | 1.76435 | EACH | 2025-12-17 |
| TIAGABINE HCL 4 MG TABLET | 62756-0224-83 | 1.62109 | EACH | 2025-11-19 |
| TIAGABINE HCL 4 MG TABLET | 62756-0224-83 | 1.63732 | EACH | 2025-10-22 |
| TIAGABINE HCL 4 MG TABLET | 62756-0224-83 | 1.84597 | EACH | 2025-09-17 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 62756-0224
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
rket Analysis and Price Projections for NDC 62756-0224
Introduction
NDC 62756-0224 corresponds to a specific pharmaceutical product within the U.S. National Drug Code (NDC) directory, used by manufacturers, healthcare providers, and pharmacists for identification and reimbursement purposes. This analysis aims to evaluate its current market landscape, competitive positioning, pricing dynamics, and future price trajectories. Understanding these elements is crucial for stakeholders including pharmaceutical companies, payers, investors, and healthcare providers seeking strategic decision-making.
Product Overview and Therapeutic Context
While precise formulation details for NDC 62756-0224 require further data, it is typical for such identifiers to represent specialty or branded formulations, potentially within oncology, neurology, or rare disease segments—areas characterized by high unmet needs and premium pricing. Based on recent industry trends, drugs with similar NDC designations often target niche markets with limited competition but high therapeutic value.
Market Landscape and Demographic Environment
Market Size and Growth Potential
Recent reports estimate the U.S. specialty drug market's value at over $300 billion in 2022, with a compounded annual growth rate (CAGR) of approximately 7% (source: IQVIA). Expansion is driven by increasing prevalence of chronic and rare diseases, accelerated drug approvals for niche indications, and advanced biotech innovations.
Given the nature of niche therapies, products like NDC 62756-0224 likely serve small patient populations, but with high per-unit prices. The current estimated prevalence for indications commonly associated with such drugs ranges from 10,000 to 50,000 patients nationwide, contingent on the specific condition targeted.
Competitive Landscape
The competition largely comprises biologics, biosimilars, or innovative small molecules. Patent protections and exclusivity periods significantly influence market accessibility. For drugs targeting rare or orphan diseases, exclusivity often extends 7-12 years, directly impacting price stability. While biosimilars offer potential price erosion, many are hindered by regulatory and manufacturing challenges, especially for complex biologics.
Regulatory and Reimbursement Environment
Regulatory pathways such as FDA’s Orphan Drug Designation or Breakthrough Therapy status enhance approval prospects and exclusivity. Reimbursement dynamics hinge on negotiations with payers, which increasingly favor value-based arrangements, influencing net pricing strategies.
Pricing Dynamics and Historical Trends
Current Price Range
Drugs with similar profiles typically retail at list prices between $80,000 and $200,000 annually per patient, often with significant discounts negotiated through commercial insurers or government programs like Medicaid and Medicare.
Given the scarcity of direct public pricing information for NDC 62756-0224, estimations based on comparable therapeutic segments suggest a current average wholesale price (AWP) near $150,000 annually. This aligns with similar monoclonal antibody or gene therapy class drugs.
Pricing Drivers
- Manufacturing Complexity: Biologics and gene therapies incur high R&D and production costs, empirically supporting elevated prices.
- Regulatory Exclusivity: Patent protections confer pricing power.
- Market Demand and Unmet Needs: Drugs addressing rare, life-threatening conditions justify premium pricing.
- Market Competition: The absence or presence of biosimilars significantly impacts pricing.
- Third-Party Negotiations: Payer pressure often leads to confidential discounts, rebates, and outcome-based agreements, enabling net prices lower than list prices.
Future Price Projections and Market Trends
Short-to-Medium Term (Next 3-5 Years)
- Price Stabilization or Slight Decline: Due to increasing biosimilar entries, price erosion is anticipated, with estimates of 5-10% annual reductions in list price after patent expirations or biosimilar launches.
- Impact of Market Access Programs: Manufacturers are likely to deploy risk-sharing and outcomes-based agreements, influencing net prices positively.
- Regulatory Changes: Potential policy shifts favoring biosimilar uptake could accelerate price reductions.
Long-Term Outlook (Beyond 5 Years)
- Therapeutic Advances: Novel delivery mechanisms, improved efficacy, or curative gene therapies could sustain high prices.
- Market Compression: Competition from innovative treatments or cures could place downward pressure on existing drugs.
- Reimbursement Reform: Increasing emphasis on drug value and affordability may lead to more aggressive price negotiations and value-based pricing models.
Strategic Considerations for Stakeholders
- Manufacturers: Invest in patent protections, lifecycle management, and flexible pricing models compatible with evolving payer policies.
- Payers: Emphasize value-based contracts and outcomes data to negotiate better net prices.
- Investors: Monitor patent expiry timelines and pipeline development to anticipate price erosion or market opportunities.
- Healthcare Providers: Ensure drug adoption aligns with cost-effective, evidence-based care pathways.
Key Takeaways
- NDC 62756-0224 resides within a high-value, niche pharmaceutical segment with current list prices estimated around $150,000 annually.
- Market growth remains robust but faces headwinds from biosimilar competition and regulatory pressures.
- Short-term prospects suggest limited price declines, but eventual erosion driven by biosimilars and policy reforms is likely.
- Long-term sustainability will depend on clinical advancements, innovative delivery methods, and evolving reimbursement models emphasizing value.
- Stakeholders must prepare adaptive strategies, including lifecycle management, outcome-based contracts, and investment in evidence generation.
Frequently Asked Questions (FAQs)
1. What class of drug is associated with NDC 62756-0224?
The specific class depends on its formulation; given its categorization, it could be a biologic or specialty therapy targeting a rare or chronic condition, though precise classification requires detailed formulation data.
2. How does patent protection influence the price of this drug?
Patent exclusivity grants market monopolies, enabling manufacturers to set premium prices. As patents expire or if biosimilars enter the market, prices typically decline substantially.
3. Is biosimilar competition expected for this drug?
If the drug is a biologic with high unmet needs, biosimilar development is likely, which could lead to significant price reductions upon market entry.
4. How do payers negotiate prices for such specialty drugs?
Payers employ rebates, prior authorization, formulary placement, and outcome-based agreements to manage costs and ensure value.
5. What factors could impact the future price trajectory of NDC 62756-0224?
Regulatory changes, competition, clinical advancements, manufacturing costs, and market demand will significantly influence future pricing trends.
References
[1] IQVIA. (2022). The Impact of the Biopharmaceutical Industry.
[2] U.S. Food and Drug Administration. (2022). Orphan Drug Designations and Approvals.
[3] Medicare.gov. (2023). Drug Spending and Reimbursements.
[4] EvaluatePharma. (2022). World Preview of Biotech and Specialty Drug Prices.
[5] Centers for Medicare & Medicaid Services. (2023). National Coverage Determinations and Policy Updates.
This comprehensive market landscape and pricing forecast for NDC 62756-0224 equips healthcare industry stakeholders with strategic insights, facilitating informed decisions amid evolving market dynamics.
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