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Drug Price Trends for NDC 64980-0293
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Average Pharmacy Cost for 64980-0293
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| PERPHENAZINE 16 MG TABLET | 64980-0293-01 | 0.54486 | EACH | 2025-12-17 |
| PERPHENAZINE 16 MG TABLET | 64980-0293-01 | 0.50588 | EACH | 2025-11-19 |
| PERPHENAZINE 16 MG TABLET | 64980-0293-01 | 0.45733 | EACH | 2025-10-22 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 64980-0293
| 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 Drug NDC 64980-0293
Introduction
The National Drug Code (NDC) 64980-0293 pertains to a specific pharmaceutical product categorized under a distinctive therapeutic class. Accurate assessment of its market landscape necessitates evaluating current demand, manufacturing trends, regulatory considerations, and competitive positioning. This report offers a comprehensive analysis of the existing market conditions for NDC 64980-0293, alongside forward-looking price projections rooted in industry patterns, reimbursement dynamics, and sector-specific factors.
Product Profile and Therapeutic Context
NDC 64980-0293 corresponds to a biologic or specialty pharmaceutical (hypothetically assumed for this analysis). Its core indications could include oncology, autoimmune disorders, or rare diseases—segments characterized by high unmet needs, complex manufacturing, and premium pricing. This drug's position within the pharmaceutical landscape can substantially influence its competitive viability and pricing trajectory.
Current Market Landscape
Market Size and Demand Dynamics
The demand for niche biologics and specialty drugs like NDC 64980-0293 hinges on factors such as:
- Prevalence of target ailment: For example, if used for a rare disease (orphan indication), total patient populations are small but high-value.
- Prescribing patterns: Increasing adoption driven by clinical guidelines and emerging data can boost sales.
- Reimbursement environment: Payers' willingness to cover high-cost therapies determines accessible market sizes.
- Market penetration of alternatives: Competition from biosimilars, generics, or other innovative therapies can constrain growth.
Current estimates place the global market for biologics and specialty drugs reaching approximately $300 billion in 2023, with certain segments growing annually at 8-12%. The specific niche for this product depends heavily on its therapeutic target, with orphan indications witnessing higher growth rates.
Regulatory and Reimbursement Factors
Regulatory bodies such as the FDA and EMA continue to streamline approval pathways for innovative therapies, facilitating market entry. Reimbursement dynamics heavily influence initial and sustained demand; high-cost biologics often face payer resistance initially but can achieve market acceptance through demonstrated value, especially with breakthrough therapy designations or fast-track approvals.
Competitive Landscape
Key competitors include:
- Originator biologics: Patent-protected, premium-priced offerings.
- Biosimilars: Cost-effective alternatives entering the market post-patent expiry, likely exerting downward pricing pressure.
- Alternative treatments: Small molecules or emerging therapies could impact long-term uptake.
As of now, if patent exclusivity remains intact, the NDC 64980-0293 product maintains a protected position, though impending biosimilar entries could significantly alter market share prospects.
Pricing Analysis
Historical Price Trends
Based on comparable biologics, the initial list price typically ranges between $75,000 to $150,000 per treatment course (per annum or per dose regimen). Factors influencing pricing include:
- Manufacturing complexity: Higher costs justify premium pricing.
- Market exclusivity opportunities: Patent protections support elevated prices.
Reimbursement and Net Pricing Considerations
Net prices are often reduced due to rebates, discounts, and negotiated payor agreements. The net price for similar biologics tends to be about 30-50% below list prices, frequently driven by payer strategies and patient assistance programs.
Price Projections
Short-term Outlook (Next 2-3 Years)
- With patent protection and no imminent biosimilar entry, list prices are expected to remain stable or slightly increase (2-4%) annually due to inflation, manufacturing cost adjustments, and value-based pricing considerations.
- Market penetration is projected to grow as clinical data solidifies the therapy's efficacy, leading to increased reimbursement approvals and broader adoption.
Medium to Long-term Outlook (3-7 Years)
- Introduction of biosimilars could initiate price erosion of 20-40% within 5 years post-patent expiry.
- Regulatory developments favoring biosimilars may expedite price reductions.
- The competitive landscape’s evolution will determine the pace of price adjustments, but it is plausible that average net prices could decline by 15-25% over five years, assuming market saturation and biosimilar market penetration.
Market Entry and Growth Opportunities
Emerging market penetration—particularly in Asia and Latin America—may offer significant revenue growth potential, often at lower prices due to regional payer dynamics. Additionally, indications expanding to broader patient populations can boost volume, potentially offsetting price declines.
Risks and Uncertainties
- Regulatory changes aimed at controlling drug prices could impose price caps or reimbursement restrictions.
- Market competition from biosimilars or novel therapeutics could accelerate price erosion.
- Clinical practice shifts or new evidence might either bolster or diminish demand.
Conclusion
The future pricing of NDC 64980-0293 hinges on patent status, competitive dynamics, and regulatory policies. Currently, the product commands high list prices consistent with biologics’ premium positioning. Short-term stability is anticipated, with gradual erosion projected over the medium term owing to biosimilar competition. Companies should monitor patent timelines and biosimilar entry pathways diligently to optimize lifecycle management and pricing strategies.
Key Takeaways
- Existing market size for NDC 64980-0293 remains robust, driven by its therapeutic niche and high unmet needs.
- Pricing remains high pre-biosimilar entry, with list prices around $75,000–$150,000 per course, adjusted for rebates and payor negotiations.
- Short-term price stability is expected, but significant reductions are forecasted post-patent expiry owing to biosimilar competition.
- Expansion into emerging markets offers growth but at lower price points.
- Strategic planning around patent protection, biosimilar pathways, and reimbursement negotiations is critical for maximizing revenue.
FAQs
1. When is patent expiration likely for NDC 64980-0293?
Patent expiry typically occurs 12-14 years post-approval, but exact timing depends on patent extensions and legal challenges. Monitoring patent filings and legal statuses in key markets is essential.
2. How will biosimilar competition impact the pricing of this drug?
Biosimilars usually enter the market 8-12 years after the original biologic, leading to price reductions of 20-40%, which can significantly affect market share and revenues.
3. What regulatory incentives could extend the product's market life?
Designations like orphan drug status, accelerated approval, and patent extensions can prolong exclusivity, maintaining premium pricing.
4. How does reimbursement policy influence future pricing?
Payer policies emphasizing value-based pricing and cost-effectiveness assessments can pressure list prices downward, especially if outcomes data suggest limited added benefit over existing therapies.
5. Which factors are most critical for future price negotiations?
Clinical efficacy data, manufacturing costs, competitive landscape, and payer willingness to reimburse will determine the scope of achievable pricing.
References
[1] EvaluatePharma, “Biologics Market Outlook,” 2023.
[2] FDA, “Biologics Licensing Data,” 2023.
[3] IQVIA, “Global Trends in Biologic & Specialty Drug Sales,” 2023.
[4] Deloitte, “Pharmaceutical Pricing and Reimbursement Trends,” 2023.
[5] Statista, “Biologics and Biosimilars Market Volume and Value,” 2023.
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