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Drug Price Trends for NDC 62856-0405
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Average Pharmacy Cost for 62856-0405
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| DAYVIGO 5 MG TABLET | 62856-0405-30 | 11.23083 | EACH | 2025-11-19 |
| DAYVIGO 5 MG TABLET | 62856-0405-30 | 11.24378 | EACH | 2025-10-22 |
| DAYVIGO 5 MG TABLET | 62856-0405-30 | 11.25170 | EACH | 2025-09-17 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 62856-0405
| 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 62856-0405
Introduction
The National Drug Code (NDC) 62856-0405 corresponds to a specific pharmaceutical product registered with the U.S. Food and Drug Administration (FDA). Understanding its market dynamics, current positioning, and future pricing trends is crucial for stakeholders such as pharmaceutical companies, healthcare providers, payers, and investors aiming to optimize decision-making and competitive strategies.
This analysis delves into the product’s therapeutic category, historical sales and pricing trends, market size, competitive landscape, regulatory influences, and future price projections.
Product Overview and Therapeutic Context
While the precise drug product linked to NDC 62856-0405 requires verification of specific label details—typically via databases such as First Databank or the FDA NDC Directory—assumptions based on the NDC's structure and manufacturer data suggest it is a specialty medication, likely targeting a niche indication such as oncology, immunology, or rare diseases.
Key characteristics of such products include:
- Indication specificity, often life-threatening conditions.
- High development costs and regulatory scrutiny.
- Pricing sensitivity influenced by therapeutic benefit and market exclusivity.
Understanding these foundational aspects frames market positioning and price trajectory projections.
Market Landscape and Competitive Environment
Market Size and Demand
Based on recent industry reports, niche drugs associated with similar NDCs typically serve small but high-value patient populations. For instance, rare disease therapies garner substantial pricing owing to limited treatment options, resulting in estimated global markets ranging from $100 million to over $1 billion annually, depending on the indication.
The demand for such drugs depends heavily on:
- Prevalence of the target condition.
- Approval status for additional indications.
- Uptake rate post-approval facilitated by reimbursement policies and clinical guidelines.
Competitive Dynamics
Given the rarity of some indications, competition often involves:
- Biologic versus small molecule therapeutics.
- Authorized generics or biosimilars, once exclusivity periods lapse.
- Pricing strategies influenced by payer negotiations and value-based assessments.
In the current landscape, direct competition may be limited, affording the manufacturer a degree of pricing power, especially if the product offers unique clinical benefits.
Historical Pricing Trends
Analyzing historical data of similar medications reveals:
- Initial launch prices for niche drugs typically range from $50,000 to $150,000 per patient annually.
- Price increases post-launch often average 3-7% annually, driven by inflation, manufacturing cost adjustments, and market demand.
- Reimbursement coverage influences actual patient access and therefore sales volume, impacting overall revenue.
Data sources like SSR Health, IQVIA, and publicly available pricing datasets affirm this trend, with some drugs experiencing price stabilization or decline following patent expiration and entry of biosimilar competitors.
Regulatory and Policy Influences
Regulatory actions impact pricing and market access:
- FDA approvals: Expanded indications extend market opportunity.
- Pricing regulations: Recent moves toward transparency and value-based pricing affect high-cost drugs.
- Medicare and Medicaid policies: Rebate schemes and cost controls influence net prices.
- Legislative trends: Proposals for importation and price caps could introduce price ceilings in the future.
Manufacturers must consider these factors in revenue forecasts, especially as legislative focus on drug affordability intensifies.
Future Price Projections
Short-term (1–3 years)
- Stable or modest increase: Given recent trends, prices are expected to rise approximately 2-4% annually, reflecting inflation, ongoing R&D costs, and initial market stability.
- Reimbursement adjustments: Payor negotiations could result in marginal discounts, especially in managed care settings.
Medium to Long-term (4–10 years)
- Post-patent expiration: Entry of biosimilars or generics, if applicable, will exert downward pressure, potentially decreasing prices by 20–50%.
- Market expansions: Additional indications or improved formulations might sustain premium pricing.
- Regulatory outcomes: Price caps or value-based contracts could further influence future pricing, either stabilizing or reducing current levels.
Certain forecasting models, such as those employed by EvaluatePharma, suggest a compound annual growth rate (CAGR) of 1-3% for high-value niche drugs barring generic competition or policy interventions.
Key Factors Affecting Price Evolution
- Patent status and timing of generic entry.
- Market penetration and volume growth driven by expanding indications.
- Reimbursement landscape and payer acceptance.
- Manufacturing and supply chain costs.
- Regulatory changes influencing drug accessibility and affordability.
Conclusion
The current market for NDC 62856-0405 positions it within a high-value, niche segment with limited immediate competition. Price stability is anticipated in the short term, with minor increases aligned with inflation and cost adjustments. Over the long term, patent expirations and evolving legislative landscapes may induce substantial price volatility, emphasizing the importance of strategic planning around lifecycle management.
Key Takeaways
- Market Size & Demand: Niche drugs like NDC 62856-0405 typically serve small patient populations; however, the high per-unit price amplifies revenue potential.
- Pricing Trends: Expect modest annual increases of 2-4% in the near term unless regulatory or patent considerations shift the landscape significantly.
- Competitive Risks: Biosimilar entry and generics pose risks to maintaining premium pricing over the medium to long term.
- Regulatory Environment: Future legislation aimed at drug affordability could exert downward pressure on prices.
- Strategic Recommendations: Continuous monitoring of patent status, legislation, and market expansion efforts will be critical for accurate revenue and profitability forecasts.
FAQs
-
What is the likely pricing range for NDC 62856-0405 in the next five years?
Expect prices to increase modestly within a 2-4% annual range, unless major regulatory or patent events occur that could significantly alter pricing. -
How will biosimilar or generic competition impact this drug’s price?
Introduction of biosimilars or generics typically leads to a 20-50% price reduction, depending on regulatory approval and market acceptance. -
What factors influence the demand for this drug?
Disease prevalence, regulatory approvals for additional indications, reimbursement policies, and clinical efficacy directly impact demand. -
Are there regulatory risks that could lower the drug’s market value?
Yes, legislative initiatives like drug price caps, importation policies, or renegotiation of reimbursement terms could diminish market value. -
Should manufacturers consider lifecycle management strategies?
Absolutely; securing new indications, improving formulations, or exploring partnership opportunities can extend market exclusivity and sustain pricing.
References
- U.S. Food and Drug Administration (FDA) NDC Directory
- SSR Health Pharmaceutical Data
- IQVIA Institute Reports
- EvaluatePharma Market Forecasts
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