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Last Updated: February 6, 2025

Drug Price Trends for NDC 65162-0358


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Best Wholesale Price for NDC 65162-0358

These are wholesale prices available to the US Federal Government which, by law, must be the best prices available under comparable terms and conditions
Drug Name Vendor NDC Count Price ($) Price/Unit ($) Dates Price Type
ZAFEMY AvKare, LLC 65162-0358-03 3 93.69 31.23000 2023-06-15 - 2028-06-14 FSS
>Drug Name >Vendor >NDC >Count >Price ($) >Price/Unit ($) >Dates >Price Type
Price type key: Federal Supply Schedule (FSS): generally available to all Federal Govt agencies / 'BIG4' prices: VA, DoD, Public Health & Coast Guard only / National Contracts (NC): Available to specific agencies

Market Analysis and Price Projections for ZAFEMY (NDC: 65162-0358)

Overview of ZAFEMY

ZAFEMY, with the NDC code 65162-0358, is a transdermal patch labeled and distributed by Amneal Pharmaceuticals LLC. It contains the active ingredients norelgestromin and ethinyl estradiol, used primarily for contraceptive purposes[1].

Market Context

The pharmaceutical market, particularly in the United States, is experiencing significant growth and changes.

Global Pharmaceutical Market Growth

The global pharmaceutical market is forecasted to grow robustly, with output expected to increase by 3% in 2024, 4% in 2025, and 3.6% in 2026. Regions like the Asia Pacific and the Middle East are expected to see the largest annual growth rates[3].

US Pharmaceutical Market

In the US, the pharmaceutical market is projected to grow from $846.72 billion in 2022 to $1.28 trillion by 2030, representing a Compound Annual Growth Rate (CAGR) of 5.36%. This growth is driven by factors such as rising workplace-associated disorders, increased pharmaceutical production capacity, greater approvals of generic drugs, and escalating R&D investments[4].

Price Projections and Trends

Drug Price Inflation

Vizient, Inc. projects a 3.8% drug price inflation in 2024, driven in part by specialty pharmaceuticals, including those for weight loss and gene therapies. This is the highest projected increase since July 2019[2].

Specific Pricing for ZAFEMY

The average pharmacy cost for ZAFEMY patches has shown some variability over recent months:

  • As of December 18, 2024, the price per unit was $26.59892.
  • In November 2024, the price per unit was $23.69296.
  • In October 2024, the price per unit was $29.83343[5].

This fluctuation indicates that prices can change based on market conditions, supply chain factors, and other economic influences.

Factors Influencing Price

Specialty Pharmaceuticals

Specialty pharmaceuticals, which include drugs for complex or chronic conditions, are a significant driver of price increases. These medications, such as those for cancer, infectious diseases, and autoimmune conditions, make up a large portion of the top spend medications and are expected to see a 4.18% price increase in 2024[2].

Biosimilars

Biosimilars, which are cheaper alternatives to biologic drugs, are expected to grow in market share. However, their impact on the overall price of ZAFEMY is minimal since ZAFEMY is not a biologic or biosimilar product. Nonetheless, the broader trend of biosimilar adoption can influence the pricing strategies of pharmaceutical companies[2].

Regulatory and Market Dynamics

Regulatory changes, such as drug pricing regulations, can impact the pharmaceutical industry. The US government has taken steps to reduce pharmaceutical prices for consumers, which could affect the pricing of drugs like ZAFEMY in the long term[3].

Market Opportunities and Challenges

Growing Demand

The demand for pharmaceuticals, including contraceptives like ZAFEMY, is driven by an ageing population and increasing healthcare needs. This ongoing demand is expected to benefit the US pharmaceutical market in the coming years[3].

Investment and R&D

Significant investments in R&D are forecasted to increase, with the US pharmaceutical market spending over 21% of revenues on research and development. This investment can lead to new products and innovations but also increases the costs associated with drug development and marketing approval[4].

Key Takeaways

  • Market Growth: The global and US pharmaceutical markets are expected to grow significantly over the next few years.
  • Price Projections: Drug prices, including those for specialty pharmaceuticals, are projected to increase, with a 3.8% inflation rate expected in 2024.
  • ZAFEMY Pricing: The price of ZAFEMY patches has shown variability, reflecting broader market and economic factors.
  • Regulatory Impact: Regulatory changes aimed at reducing drug prices could influence the pricing of ZAFEMY and other pharmaceuticals.
  • Demand and R&D: Growing demand and significant R&D investments are key drivers of the pharmaceutical market.

FAQs

  1. What are the active ingredients in ZAFEMY?

    • ZAFEMY contains norelgestromin and ethinyl estradiol[1].
  2. What is the projected growth rate of the US pharmaceutical market?

    • The US pharmaceutical market is projected to grow at a CAGR of 5.36% from 2022 to 2030[4].
  3. What factors are driving the increase in drug prices in 2024?

    • The increase is driven by specialty pharmaceuticals, including weight loss drugs and gene therapies[2].
  4. How are biosimilars expected to impact the pharmaceutical market?

    • Biosimilars are expected to grow in market share, particularly for biologic drugs, but their impact on ZAFEMY is minimal[2].
  5. What regulatory changes could affect pharmaceutical pricing?

    • The US government has taken steps to reduce pharmaceutical prices for consumers, which could impact the pricing of drugs like ZAFEMY[3].

Sources

  1. FDA.report - NDC 65162-358 Transdermal Patch ZAFEMY Drug.
  2. Vizient, Inc. - Vizient Projects 3.8% Drug Price Increase Driven by Specialty Pharmaceuticals.
  3. Atradius - Industry Trends Pharmaceuticals September 2024.
  4. GlobeNewswire - US Pharmaceutical Market Review 2020-2023 and Forecast.
  5. DrugPatentWatch - Pharmaceutical drug prices and trends for ZAFEMY.

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