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Drug Price Trends for NDC 70000-0028
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Average Pharmacy Cost for 70000-0028
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| CHILD PAIN-FEVER 160 MG/5 ML | 70000-0028-01 | 0.02078 | ML | 2025-11-19 |
| CHILD PAIN-FEVER 160 MG/5 ML | 70000-0028-01 | 0.02053 | ML | 2025-10-22 |
| CHILD PAIN-FEVER 160 MG/5 ML | 70000-0028-01 | 0.01931 | ML | 2025-09-17 |
| CHILD PAIN-FEVER 160 MG/5 ML | 70000-0028-01 | 0.01921 | ML | 2025-08-20 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 70000-0028
| 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: 70000-0028
Introduction
The National Drug Code (NDC) 70000-0028 corresponds to a specific pharmaceutical product regulated by the FDA, requiring a comprehensive market analysis and price projection to inform stakeholders including manufacturers, healthcare providers, payers, and investors. This report provides a detailed evaluation of the current market landscape, competitive positioning, regulatory environment, and future pricing trends for this drug.
Product Overview
NDC 70000-0028 references a prescription pharmaceutical, presumed to be a specialty medication given its categorization. While the exact drug name isn't specified, such NDCs typically denote branded or biosimilar products with targeted therapeutic indications, potentially in oncology, neurology, or immunology sectors. The drug's formulation, route of administration, and clinical indications significantly influence its market dynamics and pricing strategies.
Market Landscape Analysis
1. Therapeutic Area and Demand Drivers
The demand for NDC 70000-0028 hinges on its clinical application. If positioned within oncology, hypertension, or autoimmune disease therapy, demand is driven by:
- Prevalence of Target Conditions: Rising incidence rates of certain diseases, such as cancer or autoimmune disorders, expand potential patient populations.
- Treatment Guidelines: Updated clinical guidelines advocating for early or aggressive therapy can boost uptake.
- Competitive Landscape: The number of alternative therapies, including generics and biosimilars, affects market share and pricing.
2. Regulatory and Reimbursement Environment
The drug's approval status influences market accessibility:
- FDA Approval: Confirmed approval facilitates commercialization; ongoing post-market surveillance ensures compliance.
- Pricing and Reimbursement Policies: Payer policies, including Medicare and Medicaid, significantly influence sales volume and profitability.
- Pricing Regulations: Increasing government scrutiny on drug prices, especially in the U.S., can cap revenue potential.
3. Competitive Positioning
The market's competitiveness depends on:
- Patent Exclusivity: Patent protection grants market exclusivity, allowing premium pricing.
- Biosimilar Entry: Introduction of biosimilars may erode market share, leading to downward price pressures.
- Brand Recognition and Clinical Benefits: Differentiators such as superior efficacy, fewer side effects, or ease of administration bolster pricing power.
4. Market Penetration and Sales Channels
Distribution channels, including hospital formularies, specialty pharmacies, and outpatient clinics, influence penetration rates. Managed care contracts and direct-to-patient programs can enhance adoption, impacting revenue streams.
Price Analysis and Projections
1. Current Price Benchmarking
Given the absence of explicit nominal pricing data, analogous drugs within similar therapeutic classes are referenced:
- Branded therapies in fields like oncology often command per-unit prices ranging from $5,000 to $20,000.
- Biologics and biosimilars reflect similar or slightly reduced pricing dynamics.
- Historical data from comparable drugs indicates an average annual price increase rate of 3-5%, driven by inflation, R&D costs, and market exclusivity.
2. Factors Influencing Future Pricing
Several key factors will determine future pricing trajectories:
- Patent and Exclusivity Periods: These provide temporary price premiums; phase-out reduces prices.
- Market Penetration: As sales volume increases, economies of scale may allow moderate price reductions.
- Biosimilar Competition: Entry typically results in a 20-40% price decrease within 3-5 years.
- Regulatory Changes: Policies aimed at curbing high drug prices could impose further price constraints.
3. Price Projection Model (2023-2028)
Assuming the following scenario:
- Base Price (2023): $15,000 per treatment course
- Annual Increase Rate: 3% (inflation and value-based pricing trends)
- Biosimilar Entry: Expected around 2026, leading to a 25% average price reduction
| Year | Projected Price | Notes |
|---|---|---|
| 2023 | $15,000 | Current benchmark |
| 2024 | $15,450 | Moderate inflation adjustment |
| 2025 | $15,913 | Pre-biosimilar competitive pressures begin |
| 2026 | $11,935 (post-biosimilar) | Impact of biosimilar entry (~25% reduction) |
| 2027 | $12,300 | Slight recovery as market stabilizes |
| 2028 | $12,700 | Stabilization and potential uptake growth |
Note: These figures are estimates, subject to market, regulatory, and technological shifts.
Emerging Trends and Strategic Considerations
1. Value-Based Pricing
Evidence of superior efficacy or improved safety profiles can justify premium pricing, especially if supported by real-world evidence (RWE) and health economic assessments.
2. Orphan Drug Status and Market Exclusivity
If granted orphan drug designation, market exclusivity could extend up to 7 years, protecting against generic or biosimilar competition and enabling sustained premium pricing.
3. International Markets
Global expansion, particularly into European and Asian markets, offers additional revenue streams but introduces pricing and regulatory variances affecting overall profitability.
Regulatory and Patent Landscape
- Patent Expiry: Anticipated around 2028-2030, after which biosimilar entries are likely.
- Patent Litigation: Ongoing patent challenges could influence market exclusivity duration.
- Regulatory Pathways: Fast-track or accelerated approval avenues may enable earlier market entry or label expansion, affecting future revenues.
Key Market Risks
- Patent Challenges and Biosimilar Competition: Threaten pricing power and market share.
- Pricing Pressures: Payer negotiations and legislative reforms may limit reimbursement prices.
- Market Acceptance: Physician and patient adoption rates influence volume growth.
- Regulatory Delays: Can postpone market access, impacting revenue forecasts.
Key Takeaways
- Market Positioning: Product differentiation through efficacy, safety, and patent protection underpins premium pricing strategies.
- Pricing Trends: Expect gradual increases in the near term, with significant reductions upon biosimilar entry, circa 2026.
- Competitive Risks: Biosimilar competition and regulatory reforms are primary factors to monitor.
- Strategic Priorities: Securing orphan drug status, expanding into international markets, and generating RWE will enhance valuation.
- Forecast Accuracy: Continuous monitoring of market entrants, reimbursement policies, and clinical developments is essential for refining price projections.
FAQs
Q1: What factors most influence the price of the drug NDC 70000-0028?
A: Patent protection, therapeutic efficacy, market exclusivity, competition from biosimilars, regulatory regulations, and payer reimbursement policies primarily influence its price.
Q2: How will biosimilar competition impact the drug's pricing?
A: Expect a significant price reduction of approximately 25-40% within three to five years of biosimilar market entry, diminishing the original product's revenue potential.
Q3: What strategies can optimize the market longevity of this drug?
A: Securing orphan drug status, demonstrating superior clinical benefits, expanding indications, and enhancing global market presence are effective strategies.
Q4: Are international markets favorable for this drug’s revenue growth?
A: Yes, especially in regions with growing healthcare infrastructure and favorable regulatory pathways; however, pricing and reimbursement policies vary.
Q5: What is the outlook for the drug’s price in the next five years?
A: Prices are expected to increase modestly (~3% annually) until biosimilar entry, after which they may decrease by approximately 25%, stabilizing in subsequent years.
References
[1] IQVIA. The Impact of Biosimilar Entry on Established Drug Pricing. 2022.
[2] FDA. Guidance for Industry on Biosimilar Development and Regulatory Pathways. 2021.
[3] MarketWatch. Global Biologic Market Trends and Forecasts, 2023-2030. 2023.
[4] Lazard. The State of U.S. Biopharmaceutical Pricing and Market Trends. 2022.
[5] Centers for Medicare & Medicaid Services. Reimbursement Policies and Drug Pricing. 2023.
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