Introduction
Oxycodone Hydrochloride, identified by the National Drug Code (NDC) 68084-0983, is a prescription opioid medication used for the management of moderate to severe pain. Here, we will delve into the market analysis and price projections for this drug, considering various factors that influence its pricing and availability.
Market Overview
Oxycodone Hydrochloride is a widely used opioid analgesic, and its market is subject to several regulatory, economic, and social factors.
Demand and Supply
The demand for oxycodone hydrochloride is driven by the need for effective pain management in various medical conditions. However, the opioid crisis has led to stricter regulations and monitoring, which can impact supply and pricing. For instance, the Oregon Drug Price Transparency Program highlights the complexities in the pharmaceutical supply chain, including the role of pharmacy benefit managers (PBMs) and regulatory oversight, which can affect the availability and cost of drugs[2].
Regulatory Environment
The regulatory environment plays a crucial role in the pricing and availability of oxycodone hydrochloride. Drugs must be listed in the FDA's Approved Drug Products with Therapeutic Equivalence Evaluations (Orange Book) and be available for purchase from national or regional wholesalers to be included in Maximum Allowable Cost Lists by pharmacy benefit managers[4].
Pricing Factors
Several factors influence the pricing of oxycodone hydrochloride:
Manufacturing and Distribution Costs
The costs associated with manufacturing, packaging, and distributing the drug are significant. The NDC code 68084-0983 is associated with American Health Packaging, which repackages the drug from other manufacturers. These costs are reflected in the final price of the drug[5].
Market Dynamics
The pharmaceutical market is dynamic, with price increases and decreases influenced by various factors. For example, the Oregon Drug Price Transparency Program reported significant price increases for some generic drugs, including a 2,527% increase for a generic naproxen, highlighting the volatility in drug pricing[2].
Competition and Generic Alternatives
The presence of generic alternatives can significantly impact the pricing of brand-name and generic drugs. Oxycodone hydrochloride has multiple generic versions, which can drive down prices due to competition. However, the quality of information submitted by manufacturers and the complexity of the supply chain can make it challenging to determine the exact reasons for price changes[2].
Price Projections
Given the current market trends and regulatory environment, here are some key points to consider for price projections:
Historical Price Trends
Historical data shows that generic drug prices can fluctuate significantly. For instance, the median price increase for generic drugs was 19.9% in 2022, according to the Oregon Drug Price Transparency Program. This trend suggests that prices for oxycodone hydrochloride could continue to rise, albeit at a potentially lower rate due to competition from other generics[2].
Regulatory Impact
Regulatory measures aimed at increasing transparency and controlling costs, such as the Prescription Drug Affordability Board in Oregon, could influence future pricing. If such boards gain the authority to set upper payment limits, it could cap the price increases for high-cost drugs, including oxycodone hydrochloride[2].
Supply Chain Transparency
Increased transparency across the pharmaceutical supply chain, including aspects like coupons, discounts, fees, and rebates, could help in better understanding and predicting price movements. However, the current variability in the quality of information submitted by manufacturers remains a challenge[2].
Key Takeaways
- Regulatory Environment: Stricter regulations and monitoring due to the opioid crisis can impact supply and pricing.
- Market Dynamics: Significant price increases and decreases can occur due to various market factors.
- Competition: The presence of multiple generic versions can drive down prices.
- Transparency: Increased transparency in the supply chain is crucial for understanding and predicting price movements.
FAQs
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What is the NDC code for Oxycodone Hydrochloride by American Health Packaging?
- The NDC code is 68084-0983[5].
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What factors influence the pricing of Oxycodone Hydrochloride?
- Manufacturing and distribution costs, market dynamics, competition from generic alternatives, and regulatory environment are key factors[2][5].
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How does the regulatory environment impact the pricing of Oxycodone Hydrochloride?
- Regulatory measures such as those implemented by the Oregon Drug Price Transparency Program can influence pricing by setting upper payment limits and requiring transparency in the supply chain[2].
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Can price increases for Oxycodone Hydrochloride be predicted?
- While historical trends can provide some insight, the complexity of the pharmaceutical supply chain and variability in manufacturer-submitted information make precise predictions challenging[2].
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What role do pharmacy benefit managers play in the pricing of Oxycodone Hydrochloride?
- Pharmacy benefit managers (PBMs) establish Maximum Allowable Cost Lists and must ensure that the drugs they include meet specific criteria, including availability and regulatory approvals[4].
Sources
- DailyMed - BENZTROPINE MESYLATE tablet
- Oregon Drug Price Transparency Program - Annual Report 2022
- FDA - National Drug Code Database Background Information
- Louisiana State Legislature - Laws
- FindACode - Oxycodone Hydrochloride
