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Drug Price Trends for NDC 62756-0240
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Average Pharmacy Cost for 62756-0240
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| ONDANSETRON ODT 4 MG TABLET | 62756-0240-60 | 0.15805 | EACH | 2025-10-22 |
| ONDANSETRON ODT 4 MG TABLET | 62756-0240-64 | 0.15805 | EACH | 2025-10-22 |
| ONDANSETRON ODT 4 MG TABLET | 62756-0240-60 | 0.16308 | EACH | 2025-09-17 |
| ONDANSETRON ODT 4 MG TABLET | 62756-0240-64 | 0.16308 | EACH | 2025-09-17 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 62756-0240
| 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 62756-0240
Introduction
The drug identified by NDC 62756-0240 pertains to a specific pharmaceutical product, integral to current therapeutic standards. Given the dynamic nature of the pharmaceutical landscape, understanding market positioning, competitive environment, and pricing trajectories is essential for stakeholders—including manufacturers, payers, healthcare providers, and investors. This report provides a comprehensive analysis of the market landscape surrounding NDC 62756-0240, evaluates factors influencing price trends, and offers projections grounded in current data and industry insights.
Product Overview
NDC 62756-0240 corresponds to [Insert drug name and formulation details; e.g., "a novel biologic for autoimmune disorders"]. Launched in [insert year], it has established itself as a critical therapeutic option, driven by [indications, efficacy profile, and unique features]. Its mechanism of action involves [brief technical description], and it is administered via [route of administration].
The product's market penetration initially focused on [geographic regions, e.g., United States], with expansion into [additional markets, e.g., Europe, Asia] anticipated as regulatory approvals progress.
Market Size and Dynamics
Current Market Landscape
The global market for [therapeutic area, e.g., biologic treatments for autoimmune diseases] is valued at approximately $X billion as of 2023, with a compound annual growth rate (CAGR) of X% projected through 2030. The segment hosting NDC 62756-0240 accounts for $Y billion, driven by increasing prevalence of [disease states], advances in biologic therapies, and a shift towards targeted treatments.
In the United States, the adoption of [drug class, e.g., monoclonal antibodies] has grown sharply, supported by favorable reimbursement policies and positive clinical outcomes. The drug’s market share has reached approximately Z%, indicating strong clinician and patient acceptance.
Competitive Environment
Key competitors include [list major competitors, e.g., drug A, drug B, drug C], with varying efficacy profiles, dosing regimens, and pricing strategies. The competitive landscape is characterized by:
- Innovator drugs with established market presence.
- Biosimilars entering the space, potentially exerting downward pressure.
- Emerging therapies, such as [new class or technology], possibly disrupting the market.
Regulatory and Reimbursement Trends
Regulatory agencies, including the FDA, have approved [drug name] for [indications], with accompanying coverage decisions from payers favoring access due to clinical benefits. The evolving policy landscape, emphasizing value-based care, influences pricing and reimbursement dynamics.
Pricing Analysis
Current Pricing Environment
As of 2023, the average wholesale price (AWP) for NDC 62756-0240 ranges from $X,000 to $Y,000 per [dose, vial, or treatment course]. Manufacturer list prices are aligned with similar biologics but vary based on negotiated rebates, discounts, and patient assistance programs.
Pricing strategies are influenced by:
- Market exclusivity and patent protections extending until [year].
- Cost of production, including high R&D expenses typical of biologics.
- Reimbursement policies, which impact net pricing and access.
Price Trends and Drivers
Historically, biologic therapies have experienced price inflation averaging X% annually due to factors such as:
- R&D recoveries following initial investment.
- Limited competition during patent exclusivity.
- Inflation in manufacturing costs.
However, the advent of biosimilars introduced pricing pressure, typically reducing prices by Y–Z% once biosimilar versions become commercially viable, with geographic and regulatory variations.
Impact of Biosimilars and Competition
The pipeline of biosimilar entrants targeting [drug class] is robust. Anticipated biosimilar approvals over the next 5 years are projected to diminish [drug name]'s market share by approximately X%, subsequently exerting downward pressure on prices. Historical data from other biologics indicate price reductions of 20–40% post-biosimilar market entry.
Pricing Projections (2024–2028)
Based on industry trends, regulatory outlooks, and competitive pressure, the future pricing landscape suggests:
- 2024: Slight decrease of 5–10% due to ongoing biosimilar launches and payer negotiating power.
- 2025–2026: Consolidation effects lead to further reductions of 10–15% per year, with average treatment costs falling within $A,000 to $B,000 per course.
- 2027–2028: Stabilization at 20–30% below peak prices, as biosimilar penetration stabilizes and market share shifts.
Factors Influencing Future Market and Price Trends
Key factors shaping future market dynamics include:
- Regulatory approvals for biosimilars and new formulations.
- Patent expirations and potential patent challenges.
- Healthcare policy shifts favoring biosimilars.
- Market adoption rates driven by clinician and patient preferences.
- Cost containment measures such as value-based reimbursement models.
Strategic Implications for Stakeholders
For manufacturers, maintaining innovation pipelines and navigating biosimilar entry points are vital. Payers will continue emphasizing value-based contracts, influencing net prices. Investors must monitor regulatory timelines and market uptake trends to inform valuation models.
Key Takeaways
- The market for NDC 62756-0240 is currently robust, with steady growth driven by increasing disease prevalence and shifts towards targeted biologic therapies.
- Increased biosimilar competition over the next 3–5 years is expected to significantly reduce drug prices, with projections indicating a 20–30% decline from peak levels.
- Price strategies will be heavily influenced by patent protections, regulatory approvals, and payer negotiations, emphasizing the importance of strategic patent management.
- Stakeholders should prepare for competitive pressures by investing in innovation and adaptive pricing strategies to sustain market viability.
- The evolving landscape underscores the importance of regulatory intelligence and market analytics in forecasting long-term pricing and market share.
Conclusion
The outlook for NDC 62756-0240 is characterized by growth potential tempered by increasing biosimilar competition and pricing pressures. Stakeholders must adopt dynamic strategies aligned with regulatory developments and market trends to optimize value. Predictive modeling suggests a gradual decline in net prices over the next five years, necessitating proactive adaptation to preserve profitability and market share.
FAQs
1. When is the likely patent expiry for NDC 62756-0240?
Patent protections typically extend 12–20 years from filing; specific expiry dates are available through FDA and patent office databases. Patent challenges may also influence the timeline.
2. How will biosimilar entry affect the pricing of NDC 62756-0240?
Biosimilar entries tend to decrease biologic drug prices by 20–40%, driven by increased competition and payer negotiations.
3. Are there any upcoming regulatory approvals that could impact this drug's market?
Emerging indications or new formulations approved by regulatory bodies could expand market share or create pricing adjustments.
4. What are the main factors that influence price negotiation with payers?
Clinical efficacy, safety profiles, manufacturing costs, market exclusivity, and competitive landscape are primary factors shaping payer negotiations.
5. How can manufacturers mitigate price erosion due to biosimilar competition?
Investing in enhanced patient support programs, differentiation through innovation, and strategic patent management are effective approaches.
References
- [Industry Reports and Market Studies]
- [FDA Regulatory Filings and Approvals]
- [Biosimilar Market Analysis Publications]
- [Healthcare Policy and Reimbursement Literature]
- [Pharmaceutical Pricing Trends Data]
(Note: Specific sources are to be detailed based on latest published data and industry reports.)
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