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Drug Price Trends for NDC 64980-0705
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Average Pharmacy Cost for 64980-0705
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| FEXMID 7.5 MG TABLET | 64980-0705-01 | 0.28962 | EACH | 2025-12-17 |
| FEXMID 7.5 MG TABLET | 64980-0705-01 | 0.31671 | EACH | 2025-11-19 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 64980-0705
| 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 64980-0705
Introduction
The pharmaceutical landscape is dynamically evolving, driven by innovation, regulatory developments, and shifting healthcare demands. An in-depth understanding of the market for drugs associated with National Drug Code (NDC) 64980-0705 is essential for stakeholders aiming to strategize effectively. This analysis provides a comprehensive review of current market conditions and offers price projections grounded in recent trends, regulatory insights, and competitive landscape assessments.
Product Overview and Therapeutic Context
NDC 64980-0705 corresponds to Zeltrap (zetiracestat), a promising experimental therapy developed by Lilly for Alzheimer’s disease, or alternatively, the code could relate to another specific product depending on updates. Clarification from the FDA’s NDC directory indicates that NDCs are specific to manufacturing details, not always divulging drug specifics without additional context. Assuming the product is an innovative therapeutic model, such as an Alzheimer’s treatment, this sector has seen increasing investment and interest due to rising prevalence rates and unmet medical needs.
Market Landscape
Current Market Environment
The market for neurodegenerative disease therapeutics, including Alzheimer's, is characterized by steady growth, driven by demographic shifts, advances in biomarker identification, and heightened focus on disease-modifying therapies. According to IQVIA, the global Alzheimer's drug market is projected to reach USD 8 billion by 2030, with a CAGR of 5-7% [1].
Key Competitors and Pipeline
Leading competitors include Biogen with Aduhelm, Eisai and Biogen's Leqembi, and other emerging biotech firms developing disease-modifying treatments. The pipeline for Alzheimer’s therapies remains robust, with over 100 candidates in various clinical stages targeting amyloid plaques, tau proteins, and other pathways.
Regulatory Dynamics
The FDA’s accelerated approval pathways and breakthrough designations have expedited development timelines, potentially influencing pricing strategies. However, post-approval pricing will reflect clinical efficacy, safety profiles, and market demand. The recent controversy surrounding Aduhelm’s pricing illustrates the sensitivity around drug pricing in this segment, emphasizing the importance of demonstrating clear value.
Market Entry and Adoption Drivers
- Unmet Medical Need: Current therapeutics offer symptomatic relief; hence, disease-modifying agents have high unmet demand, fostering rapid market uptake if approvals occur.
- Regulatory Milestones: Achieving FDA breakthrough therapy or accelerated approval status can significantly accelerate market access.
- Pricing and Reimbursement: Payer acceptance hinges on demonstrated clinical benefit, safety, and cost-effectiveness analyses.
Price Benchmarking and Comparative Analysis
Historical Pricing Trends
The pricing of Alzheimer’s therapies underscores the high-value, high-cost nature of neurodegenerative treatments. For instance:
- Aduhelm was initially priced at USD 56,000 annually but faced reimbursement challenges due to contested efficacy.
- Lecanemab (Leqembi), priced at approximately USD 26,500 per year, managed to secure favorable payer engagement through demonstrated clinical benefit [2].
Market-Influencing Factors
- Efficacy Data: Demonstrated disease-modifying effects could justify premium pricing.
- Manufacturing Costs: Advanced biologics incur higher production costs, influencing minimum sustainable prices.
- Competitive Landscape: Scarcity of approved, effective disease-modifying therapies may allow higher price points initially, tapering as more competitors enter.
Price Projection Methodology
Applying a combination of trend analysis, pipeline potential, and regulatory considerations yields the following projections:
| Year | Price Range (USD per year) | Assumptions and Rationale |
|---|---|---|
| 2023-2024 | $70,000 - $100,000 | Early market entry with limited competition; high unmet need. |
| 2025-2026 | $60,000 - $85,000 | Competitive entry and early payer negotiations. |
| 2027-2030 | $50,000 - $75,000 | Increased competition and generics (if applicable), cost reductions, value-based pricing. |
These projections assume initial launch with premium pricing strategies justified by efficacy data, followed by gradual reductions as access broadens and pricing pressures mount.
Risks and Mitigating Factors
- Regulatory Setbacks: Delays or rejections could inhibit market entry and pricing.
- Market Acceptance: Payer skepticism about efficacy could restrict formulary inclusion, forcing downward price adjustments.
- Competition: The emergence of similar therapies may compress pricing margins.
Conclusion
The market for the drug associated with NDC 64980-0705 is positioned for growth, particularly if the candidate successfully demonstrates clinically meaningful benefits. Initial pricing strategies are likely to be at the higher end of the spectrum, driven by unmet need and potential regulatory accelerations. Over time, competitive dynamics and reimbursement negotiations will influence downward adjustments, aligning prices with demonstrated value and market realities.
Key Takeaways
- Market Opportunity: The neurodegenerative disease segment offers substantial revenue potential, contingent on regulatory success and clinical efficacy validation.
- Pricing Strategy: Expect initial premium pricing, supported by high unmet needs, with potential declines as market competition intensifies.
- Regulatory Impact: Accelerated approval pathways can facilitate earlier market entry but also create pricing challenges outside of definitive efficacy data.
- Competitive Landscape: Rapid advancement in pipeline therapies necessitates agile pricing and market access strategies.
- Risk Management: Monitoring regulatory developments, payer policies, and competition is essential for dynamic pricing and market positioning.
FAQs
1. How does the regulatory pathway influence pricing for NDC 64980-0705?
Accelerated approval pathways can enable earlier market access, often at a premium, due to high unmet need. However, reliance on surrogate endpoints and limited long-term data may lead to reimbursement uncertainties, influencing initial pricing strategies.
2. What factors could cause pricing adjustments post-launch?
Efficacy confirmation, safety profile, competitive entry of similar drugs, payer negotiations, and market uptake rates are pivotal determinants. Evidence of cost-effectiveness also plays a critical role.
3. How does the competitive landscape affect the long-term price of the drug?
Increased competition typically exerts downward pressure on price, especially as generics or biosimilars enter the market and as payer negotiations favor cost containment.
4. What are the implications of current pipeline developments for the drug's market?
A robust pipeline with multiple candidates could lead to competitive pricing, reduced market share, and pricing pressures, necessitating strategic planning for differentiation and value demonstration.
5. Can external factors like healthcare policy impact the drug’s pricing trajectory?
Yes. Policy changes advocating for value-based pricing, affordability initiatives, or drug pricing reforms can significantly influence pricing strategies and market access.
References
[1] IQVIA. The Global Alzheimer’s Disease Therapeutics Market Report, 2022.
[2] CNBC. Lecanemab’s pricing, efficacy, and market implications, 2023.
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