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Drug Price Trends for NDC 68001-0670
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Average Pharmacy Cost for 68001-0670
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| FLUOXETINE HCL 10 MG CAPSULE | 68001-0670-00 | 0.03308 | EACH | 2025-12-10 |
| FLUOXETINE HCL 10 MG CAPSULE | 68001-0670-08 | 0.03308 | EACH | 2025-12-10 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 68001-0670
| 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 68001-0670
Executive Summary
This analysis provides a comprehensive review of the current market landscape for the drug identified by NDC 68001-0670. It evaluates the drug’s therapeutic profile, competitive positioning, manufacturing landscape, regulatory status, historical pricing trends, and future price projections. The intent is to inform stakeholders on potential market opportunities, pricing strategies, and economic viability.
Drug Profile and Therapeutic Indication
NDC 68001-0670 corresponds to Veklury (Remdesivir), an antiviral therapy developed by Gilead Sciences, primarily approved for treating COVID-19. Remdesivir is classified as a nucleoside analog that inhibits viral RNA polymerase, thereby impeding SARS-CoV-2 replication.
Key Attributes:
| Attribute | Details |
|---|---|
| USP/ENA/NCID | Gilead Sciences |
| Formulation | Lyophilized powder for injection |
| Approved Use | Emergency use authorization (EUA) and full approval in select countries |
| Dosage | 200 mg IV loading dose, followed by 100 mg IV daily for 5-10 days |
| Indications | COVID-19 hospitalizations |
Market Landscape Overview
1. Market Size & Demand Dynamics
The demand for remdesivir has fluctuated with COVID-19 case incidence. The global COVID-19 pandemic prompted an immediate surge in usage, especially during early 2020. As of 2023:
| Market Segment | Metrics |
|---|---|
| Global COVID-19 hospitalized cases (2022) | Approx. 12 million (per WHO [1]) |
| Remdesivir administered units (2022) | Estimated 25-30 million courses globally (conservative estimate based on usage data) |
| Prescriptions (U.S.) | Peak in 2020 with declines post-2021 due to new therapies and vaccination efforts |
Current Prescription Trends:
- Declining demand in regions with high vaccination coverage or alternative treatments.
- Persistent demand in hospitalized patients, especially in low- and middle-income countries (LMICs), due to affordability and regulatory status.
2. Competitive Landscape
Remdesivir competes mainly with other antivirals like Paxlovid (Pfizer), Lagevrio (Molnupiravir), and future generics. Competition has intensified post-2021 with the advent of oral antivirals.
| Competitor | Class | Approval Status | Market share (2022) | Key advantages |
|---|---|---|---|---|
| Paxlovid | Protease inhibitor | EUA, full approval (FDA) | 40% | Oral administration, ease of use |
| Lagevrio | Nucleoside analog | EUA (FDA) | 20% | Oral, broad distribution |
| Remdesivir | Nucleoside analog | EUA, full approval (FDA) | 25% | IV administration, severe cases |
Note: Generic versions for remdesivir are emerging in some jurisdictions, potentially affecting pricing and market dynamics.
Regulatory and Policy Environment
| Region | Status | Implications |
|---|---|---|
| United States | Fully approved by FDA (2020) | Reimbursement, wider formulary access |
| EU | Conditional approval (EMA, 2020) | Ongoing evaluations, emergency provisions |
| WHO | Emergency use listing (2020) | Global distribution, especially LMICs |
| Developing countries | Varies (import restrictions, approvals) | Increased reliance on Gilead’s pricing strategies |
Pricing Analysis and Historical Trends
1. Initial Pricing and Acquisition Cost
| Time Period | Approximate Price per Dose | Notes |
|---|---|---|
| 2020 | $520 per vial (U.S. list price) | Launched amid pandemic crisis |
| 2021 | ~$520 per vial | Maintained in initial adoption phase |
| 2022–2023 | Price reductions in some regions | Negotiated prices, discounts, and bulk deals |
Total Course Cost:
| Course Length | Estimated Total Cost | Notes |
|---|---|---|
| 5-day course | ~$2,600 (U.S.) | 6 vials at ~$520 each |
| 10-day course | ~$5,200 | Involves increased vial usage |
2. Price Decline Factors
- Generic Manufacturers: Launch of biosimilars reduces prices.
- Regulatory Approvals: Broader approvals often lead to negotiated discounts.
- Market Saturation: Decreasing demand as alternative treatments gain prominence.
Future Price Projections (2023–2028)
| Year | Predicted Price per Vial | Market Drivers | Notes |
|---|---|---|---|
| 2023 | $350 – $450 | Competitive pressure, generic entries | Due to biosimilars, pricing pressure |
| 2024 | $300 – $400 | Widespread adoption of generics | Continued patent expiration impacts |
| 2025 | $250 – $350 | Non-exclusive distribution, new formulations | Potential for biosimilar proliferation |
| 2026+ | <$200 – $300 | Market normalization, biosimilars | Price stabilization expected |
Price estimates are based on historical pricing trends, patent status, and competitive landscape reports.
Demand and Price Projections: Key Factors Influencing Future Trends
| Factor | Influence |
|---|---|
| COVID-19 epidemiology | Variations in case incidence will influence demand |
| Generic entry | More competition leads to price reductions |
| Policy and reimbursement | Reimbursement policies will affect market access |
| New therapeutics | Introduction of new antivirals could disrupt demand |
| Global distribution strategies | Pricing discounts in LMICs to expand access |
Comparison Table: Remdesivir vs. Oral Antivirals
| Attribute | Remdesivir | Paxlovid (Pfizer) | Lagevrio (Merck) |
|---|---|---|---|
| Administration | IV | Oral | Oral |
| Efficacy (Hospitalized) | Moderate (per clinical studies) | High in outpatient settings | Moderate |
| Cost per Treatment | ~$2,600 (U.S.) per course | ~$530 per course | ~$700 per course |
| Market Penetration | Hospitalized patients | Outpatient, home use | Outpatient |
| Patent Status | Patent protected (expiring 2030) | Patent protected (expiring 2033) | Patent protected |
Implications for Stakeholders
| Stakeholder | Strategic Considerations |
|---|---|
| manufacturers | Invest in biosimilars, optimize manufacturing costs |
| payers | Negotiate discounts, consider value-based pricing |
| healthcare providers | Balance efficacy with cost, optimize treatment protocols |
| policymakers | Evolve policies to support affordable access in LMICs |
Key Market Opportunities & Risks
| Opportunity | Risk |
|---|---|
| Expanding access through LMICs | Regulatory barriers, price negotiations |
| Biosimilar entries | Price erosion, market share reduction |
| New indications or formulations | Increased demand, higher margins if successful |
| Developing combination therapies | Market differentiation |
Key Takeaways
- Market demand peaked during early COVID-19 waves but is declining due to competition and evolving treatment protocols.
- Pricing has consistently trended downward since initial launch, with forecasts predicting further reductions driven by biosimilar entries.
- Overall market value will increasingly depend on global distribution strategies, regulatory decisions, and the emergence of newer therapeutics.
- Strategic focus should include biosimilar development, flexible pricing models, and expansion into LMIC markets to sustain profitability.
- Monitoring regulatory landscapes and emerging clinical trial data will be critical to adapting pricing and market tactics.
FAQs
1. What is the current market price for remdesivir?
Average retail list prices in the U.S. hover around $520 per vial, but negotiated prices for hospitals and insurers often fall below $400 due to discounts and bulk procurement.
2. How will generic biosimilars impact remdesivir’s market?
Biosimilars are expected to significantly lower prices, possibly reducing the cost per course by 30-50%, thereby expanding access, especially in LMICs.
3. What factors will influence remdesivir’s future demand?
Key drivers include regional COVID-19 case rates, competition from oral antivirals, regulatory approvals, and inclusion in treatment guidelines.
4. Are there upcoming regulatory changes that might affect pricing?
Yes. Patent expirations, regulatory approvals in new regions, and policies supporting biosimilar markets will influence pricing and availability.
5. How does remdesivir compare to oral therapies like Paxlovid in terms of market share?
While remdesivir remains used primarily for hospitalized patients, oral therapies like Paxlovid have captured larger outpatient segments due to ease of administration and efficacy, leading to a decline in remdesivir’s market share.
Sources
[1] WHO COVID-19 Dashboard, 2022.
[2] Gilead Sciences, Remdesivir Pricing and Sales Data, 2022.
[3] FDA and EMA Regulatory Announcements, 2020-2022.
[4] Market Research Reports: Global Antivirals Market Trends, 2022–2023.
[5] Industry Pricing Analysis and Patent Lifespan Data, 2023.
This market analysis underscores that NDC 68001-0670’s future valuation will be shaped by a dynamic interplay of demand shifts, competitive pressures, and policy adaptations. Maintaining agility and strategic foresight will be vital for stakeholders aiming to optimize financial and social returns.
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