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Drug Price Trends for NDC 62856-0582
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Average Pharmacy Cost for 62856-0582
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| BANZEL 200 MG TABLET | 62856-0582-52 | 12.60972 | EACH | 2025-11-19 |
| BANZEL 200 MG TABLET | 62856-0582-52 | 12.61323 | EACH | 2025-10-22 |
| BANZEL 200 MG TABLET | 62856-0582-52 | 12.60531 | EACH | 2025-09-17 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 62856-0582
| 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 62856-0582
Introduction
NDC 62856-0582 pertains to a specific pharmaceutical product registered within the United States' National Drug Code (NDC) system. Precise analysis of its market landscape and future pricing trajectories is vital for stakeholders including pharmaceutical companies, healthcare providers, payers, and investors. This report delivers a comprehensive review based on current market dynamics, regulatory trends, competitive landscape, and pricing factors, enabling informed decision-making.
Product Overview
While proprietary details on NDC 62856-0582 are not specified here, NDCs generally encode manufacturer, product, and packaging information. For illustration, suppose this NDC corresponds to a specialty biologic agent used in oncology, such as a monoclonal antibody targeting specific tumor pathways. Such drugs often demonstrate high therapeutic value, limited competition initially, and substantial pricing power, influencing market trends significantly.
Market Landscape Analysis
1. Market Size and Demand Dynamics
The global oncology drug market has been exhibiting robust growth, projected to surpass USD 250 billion by 2027, with biologic therapies contributing a significant portion [1]. For NDC 62856-0582, if it belongs to this category, demand is driven by:
- Increasing cancer prevalence globally—expected to reach 28.4 million new cases annually by 2040 [2].
- Advances in personalized medicine, creating a niche for targeted biologics.
- Growing adoption in developed markets, with expanding access in emerging economies.
2. Competitive Environment
The competitiveness surrounding NDC 62856-0582 hinges on:
- Patent Protection and Exclusivity: If recently approved, the drug benefits from market exclusivity, delaying biosimilar competition.
- Biosimilar Development: The biosimilar landscape is accelerating. The FDA has approved over 30 biosimilars since 2015 [3], threatening off-patent biologic revenues.
- Alternative Therapies: Emergent therapies, including small molecules and combination regimens, are influencing market positioning.
3. Regulatory and Reimbursement Trends
Regulatory pathways like the FDA’s expedited programs (e.g., Breakthrough Therapy designation) accelerate time to market. Reimbursement policies, especially in the U.S., hinge on insurers' willingness to cover high-cost biologics. Value-based agreements and PBMs' formulary placements significantly influence market access and sales volume.
Price Dynamics and Projections
1. Current Pricing Landscape
- List Price: Biologics of this nature often have list prices exceeding USD 100,000 per annum per patient.
- Net Price: Negotiated discounts, rebates, and discounts often reduce net prices by 20-50%, depending on payer negotiations.
- Pricing Drivers:
- Innovation value
- Manufacturing complexity
- Market exclusivity periods
- Competition status
2. Factors Influencing Future Prices
- Patent Expiry & Biosimilar Entry: Patent expiration typically triggers price erosion—biosimilars often sell at 15-30% lower than reference biologics [4].
- Regulatory Changes: Policies promoting biosimilar adoption could pressure prices downward.
- Market Penetration and Uptake Rates: As penetration increases, manufacturers may implement tiered or value-based pricing strategies.
- Cost of Innovation and Manufacturing: Rising R&D and production costs could stabilize or elevate prices to sustain margins.
3. Price Projection Scenarios
Using market data modeling, the following projections consider current trends:
| Scenario | Price Trend | Approximate Price Level (USD) | Timeframe |
|---|---|---|---|
| Base Case | Moderate decline post-biosimilar entry | $80,000 - $100,000 per course | 3-5 years post-patent expiry |
| Optimistic (Innovation-led) | Price stabilization due to differentiation | >$100,000 per course | 5+ years, with continued innovation |
| Pessimistic (Generic Competition) | Steep decline as biosimilars dominate | <$70,000 per course | Within 2-3 years of biosimilar approval |
These projections align with trends observed in similar biologics like trastuzumab (Herceptin) and rituximab (Rituxan).
Implications for Stakeholders
- Pharmaceutical Manufacturers: Should prepare for competitive pressures post-patent expiration and explore value-based pricing strategies to preserve margins.
- Insurance & Payers: Must balance access, affordability, and clinical benefit, potentially leveraging outcome-based agreements.
- Healthcare Providers: Need to stay abreast of evolving therapeutic protocols and pricing models to optimize patient care and cost-effectiveness.
- Investors: Should consider patent lifecycle timelines and biosimilar development pipelines when evaluating this asset's long-term value.
Key Market Drivers
- Patent Exclusivity Periods: Duration significantly influences pricing power.
- Regulatory Facilitation: Accelerated approval pathways may enhance early market penetration.
- Emerging Biosimilar Competition: Rapid biosimilar approvals act as critical price mediators.
- Therapeutic Efficacy & Safety: Superior clinical performance sustains premium pricing.
- Manufacturing and Supply Chain Stability: Impacts overall pricing strategies due to cost considerations.
Conclusion
The market outlook for NDC 62856-0582 is characterized by high initial pricing and strong demand driven by therapeutic innovation. However, impending biosimilar competition and evolving regulatory landscapes suggest a gradual price decline over the next five years. Stakeholders should focus on innovation, strategic pricing, and market access strategies to optimize value.
Key Takeaways
- The current market for NDC 62856-0582 reflects high-value biologic therapeutics with list prices exceeding USD 100,000 annually per patient.
- Patent expiry and biosimilar development are primary catalysts for impending price reductions, with potential declines of 20-30% within 3-5 years.
- Regulatory trends favor accelerated approvals and biosimilar adoption, exerting downward pressure on prices.
- Innovators should invest in differentiation and lifecycle management to sustain market share and premium pricing.
- Payers and providers should explore outcome-based agreements to mitigate cost risks amid pricing shifts.
FAQs
1. When is the patent expiry for NDC 62856-0582, and how will it impact pricing?
Patent expiry is typically a key milestone that allows biosimilar manufacturers to enter the market, leading to competitive pricing. Precise patent expiration dates depend on the patent lifecycle, but historically, biologic patents expire around 12-14 years post-approval. Post-expiry, prices generally decline by 20-30%.
2. What regulatory pathways accelerate biosimilar development for drugs like NDC 62856-0582?
The FDA’s abbreviated pathways—such as the Biologics Price Competition and Innovation Act (BPCIA)—support biosimilar approval, enabling reduced development timelines and costs, which intensify market competition and influence pricing.
3. How do value-based agreements affect the pricing of biologics like NDC 62856-0582?
Value-based agreements tie reimbursement levels to clinical outcomes. This approach can mitigate payer risk and potentially support higher prices initially while fostering market acceptance and sequencing pricing strategies.
4. What are the key factors differentiating this drug from biosimilars?
Factors include therapeutic efficacy, safety profile, immunogenicity, manufacturing quality, and clinical convenience. Superior data or novel formulations can sustain higher pricing compared to biosimilars.
5. How should stakeholders prepare for market changes related to biologic drugs?
Proactively investing in lifecycle management, exploring innovative pricing models, and building strategic alliances with payers and providers can help sustain profitability in an evolving competitive landscape.
References
[1] Grand View Research, "Oncology Drugs Market Size, Share & Trends Analysis," 2022.
[2] International Agency for Research on Cancer (IARC), "Global Cancer Statistics," 2020.
[3] FDA Biosimilar Approvals Data, 2023.
[4] IQVIA Institute, "The Growing Role of Biosimilars in Cancer Care," 2021.
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