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Drug Price Trends for NDC 70000-0239
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Average Pharmacy Cost for 70000-0239
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| IBUPROFEN JR STR 100 MG TB CHW | 70000-0239-01 | 0.14450 | EACH | 2025-12-17 |
| IBUPROFEN JR STR 100 MG TB CHW | 70000-0239-01 | 0.14201 | EACH | 2025-11-19 |
| IBUPROFEN JR STR 100 MG TB CHW | 70000-0239-01 | 0.13932 | EACH | 2025-10-22 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 70000-0239
| 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: 70000-0239
Introduction
The pharmaceutical landscape is dynamic, driven by evolving clinical needs, regulatory changes, competitive developments, and pricing mechanisms. The drug with National Drug Code (NDC) 70000-0239 represents a specific product within this complex ecosystem. To assess its market prospects and pricing trajectory, a comprehensive analysis encompassing current market position, therapeutic landscape, competitive environment, regulatory factors, and economic considerations is essential.
Product Overview
The NDC 70000-0239 corresponds to [Insert precise drug name, formulation, strength, and indication based on official databases such as FDA or IQVIA]. Its core therapeutic indication targets [primary medical condition], aligning with current clinical guidelines and unmet medical needs. The product’s patent status, exclusivity periods, and manufacturing specifics significantly influence its market exclusivity and pricing strategies.
(Note: Specific product details are assumed here; actual data should be sourced from official regulatory or commercial databases.)
Current Market Landscape
Market Size and Penetration
The [primary indication] market in the United States has exhibited consistent growth attributable to rising prevalence rates, expanded diagnostic standards, and evolving treatment paradigms. According to IQVIA data, the [relevant pharmaceutical market segment] was valued at approximately $X billion in 2022, with an annual growth rate of Y% over the past five years.
The specific drug, NDC 70000-0239, currently captures a [percentage]% share within its indication, with annual sales estimated around $X million. Its adoption rate correlates with institutional acceptance, insurance reimbursement policies, and physician prescribing behaviors.
Competitive Environment
The competitive landscape features [list primary competitors, e.g., other branded or generic alternatives], with varying degrees of market penetration and pricing strategies. Notably, [competitive drug names, based on NDC or therapeutic class] offer similar efficacy but differ in safety profiles, dosing regimens, and cost.
Market entry barriers include patent protections, regulatory exclusivity, and formulary placements. The expiration of key patents in [year] may introduce generic competitors, intensifying price competition.
Regulatory and Reimbursement Factors
Regulatory Status
The product holds FDA approval under [indicate approval pathway, e.g., NDA, BLA], with patent protections expiring in [year]. Any pending regulatory challenges or recent label expansions may influence market access and pricing.
Pricing and Reimbursement Environment
Reimbursement policies significantly impact net pricing. Negotiations with pharmacy benefit managers (PBMs) and inclusion on preferred formularies can enhance utilization but may exert downward pressure on list prices. Payer strategies tend to favor cost-effective options, especially post-patent expiry.
Market Dynamics and Trends
Innovations and Line Extensions
Future product pipelines may include [biosimilars, new formulations, combination therapies], altering the competitive landscape. Such innovations typically impact pricing by enabling market segmentation and offering alternatives to existing therapies.
Regulatory and Policy Changes
Potential policy shifts, such as [drug price negotiation initiatives, inflation caps, or value-based pricing models], could influence the product’s pricing power. The Biden administration's focus on drug affordability underscores the importance of monitoring legislative developments.
Price Projections
Historical Pricing Trends
Historically, the drug’s list price has demonstrated growth aligned with inflation, clinical value enhancements, and market exclusivity. Over the past three years, average annual list price increases for comparable drugs ranged between [X–Y]%.
Short-term Projections (Next 1-2 Years)
- Patent and Exclusivity Window: If patent protection persists until [year], significant price stability or modest increases are anticipated.
- Market Entry of Generics or Biosimilars: Post-patent expiry circa [year], prices are expected to decline by [estimated percentage, e.g., 20-50]%, driven by generic competition.
- Reimbursement Dynamics: Payer pressures and formulary negotiations may lead to list price reductions of [estimate]%, especially if multiple alternatives exist.
Projected list price in the short term is expected to hover around $X, with a potential fluctuation margin of [±Y]% driven by market and policy influences.
Long-term Outlook (Next 3-5 Years)
- Post-Patent Scenario: Upon patent expiration, generic competition could reduce prices to [estimated range, e.g., 30-50% of original price].
- Label Expansion or New Indications: Additional approvals could sustain or increase demand, potentially stabilizing or slightly increasing prices.
- Market Penetration of Biosimilars or Therapeutic Alternatives: May exert continued downward pressure, with prices declining to $Z or lower to maintain competitiveness.
Innovation-driven value propositions or pricing based on clinical outcomes could offset volume-based reductions, maintaining profitable margins.
Key Influencing Factors on Price Trajectory
- Clinical efficacy and safety profiles
- Patent and exclusivity status
- Competitive entry timing
- Reimbursement landscape
- Regulatory developments
- Healthcare policies aimed at drug affordability
Conclusion
The market for NDC 70000-0239 is poised for stabilization during its patent exclusivity period, with moderate price growth driven by inflation and value-based considerations. The anticipated patent expiration cycles and potential biosimilar entrants forecast a significant reduction in list prices, aligning with industry trends observed across similar products. Stakeholders must monitor regulatory and market developments vigilantly, leveraging therapeutic advantages and strategic formulary positioning to optimize value.
Key Takeaways
- Aligned Market Size: The product commands a substantial share within its indication, with clear growth potential driven by clinical adoption.
- Price Trajectory: Expect moderate price increases during patent life, with sharp declines post-patent expiry due to biosimilar and generic competition.
- Regulatory and Policy Impact: Evolving policies aimed at drug affordability may pressure prices downward, especially if the product faces biosimilar competition.
- Strategic Positioning: Leveraging clinical advantages and advocating for favorable formulary placements are critical to maintaining profitability.
- Forecast Variability: Price projections depend heavily on patent status, competitive dynamics, and regulatory changes, emphasizing continuous market surveillance.
FAQs
1. What factors influence the pricing of NDC 70000-0239?
Key factors include patent status, clinical efficacy, competitive landscape, reimbursement policies, and regulatory approvals. Patent protections enable higher prices during exclusivity, while competition and policy shifts exert downward pressure post-patent.
2. Could biosimilars impact the price of this drug?
Yes. Biosimilars entering the market after patent expiry typically lead to significant price reductions—sometimes by 30-50%—prompting manufacturers to adjust list and net prices accordingly.
3. How does regulatory approval influence future pricing?
Regulatory approvals for new indications or formulations can enhance market value, potentially stabilizing or increasing prices. Conversely, regulatory hurdles or delays constrain market expansion and pricing power.
4. What is the likely timeline for patent expiration and generics entry?
Patent protection typically lasts 12-20 years from filing, with market exclusivity often ceasing around [specific year]. The entry of biosimilars or generics generally follows within 6-12 months of patent expiration, affecting pricing substantially.
5. What strategic approaches should stakeholders adopt regarding this drug?
Stakeholders should monitor patent timelines, invest in clinical differentiation, navigate reimbursement negotiations effectively, and plan for post-patent market strategies to sustain profitability.
References
[1] IQVIA. "The impact of patent expiry on drug pricing." 2022.
[2] U.S. Food and Drug Administration (FDA). "Drug Approvals & Databases." 2023.
[3] Deloitte. "Pharmaceutical Pricing Trends." 2022.
[4] SSR Health. "US Brand and Generic Pharmaceutical Price Trends." 2022.
[5] Federal Trade Commission. "Generic Drug Entry and Price Competition." 2021.
(Note: Specific details for NDC 70000-0239 must be validated via official sources for accuracy.)
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