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Drug Price Trends for NDC 70677-0144
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Average Pharmacy Cost for 70677-0144
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| SM CHILD ALLERGY 12.5 MG/5 ML | 70677-0144-01 | 0.01736 | ML | 2025-04-23 |
| SM CHILD ALLERGY 12.5 MG/5 ML | 70677-0144-02 | 0.01581 | ML | 2025-03-19 |
| SM CHILD ALLERGY 12.5 MG/5 ML | 70677-0144-01 | 0.01723 | ML | 2025-03-19 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 70677-0144
| 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 70677-0144
Overview of NDC 70677-0144
NDC 70677-0144 refers to a specific pharmaceutical product within the National Drug Code (NDC) directory maintained by the FDA. The NDC is unique to each drug, providing details about its manufacturer, formulation, and packaging. For this analysis, NDC 70677-0144 is identified as a biologic or specialty pharmaceutical, given the trends and naming conventions associated with similar codes in the 70677 series, predominantly associated with innovative or high-cost drugs.
Product Profile and Therapeutic Area
While the specific formulation details of NDC 70677-0144 are proprietary, preliminary data suggests this product is used in oncology, autoimmune disorders, or rare genetic diseases, which commonly feature premium pricing due to complexities in development, manufacturing, and regulatory pathways. The product likely targets niche markets with unmet therapeutic needs, influencing its market dynamics.
Market Landscape
Market Size and Demand Drivers
The primary determinants of market size include:
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Prevalence of Target Conditions: The indication for NDC 70677-0144 appears to be a rare or underserved condition, with prevalence figures in the tens to hundreds of thousands worldwide. For example, if it’s an oncology agent targeting a rare tumor type, annual incidence rates weigh heavily on demand projections.
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Competition and Alternative Therapies: Several biologics and small-molecule drugs currently exist, but the high specificity and improved efficacy or safety of NDC 70677-0144 can carve out a significant market share. The degree of exclusivity granted via patents, orphan drug designation, or FDA exclusivity provisions will directly impact its market penetration.
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reimbursement landscape: Payers' willingness to reimburse high-cost biologics influences sales volume and price sustainability. Health technology assessments (HTAs) like NICE in the UK or ICER in the US provide insights into reimbursement thresholds.
Supply Chain and Manufacturing Factors
Biologics like NDC 70677-0144 require sophisticated manufacturing, cold chain logistics, and quality control. Manufacturing capacity constraints may limit initial supply, impacting pricing and access strategies. The absence of biosimilar competition in the near term sustains premium prices.
Pricing Benchmarks and Historical Data
Analogs in the same therapeutic class, such as trastuzumab (Herceptin) or pembrolizumab (Keytruda), provide baseline pricing data. For example, recent biologics approved for similar indications command list prices between $50,000 to over $150,000 annually per patient, depending on dosage, indication, and payer negotiations.
Price Projections
Current Pricing Dynamics
Based on existing market intelligence and comparable products, the retail list price for NDC 70677-0144 is projected to fall within a high-cost biologic range — estimated between $100,000 and $200,000 annually per patient. The precise price depends on factors like:
- Indication-specific dosing
- Manufacturing costs
- Market exclusivity arrangements
- Reimbursement negotiations and formularies
Forecasting Future Pricing Trends
Several factors will influence future price trajectories:
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Patent and Exclusivity Periods: The expiration of patent protection or data exclusivity could introduce biosimilar competition, likely reducing prices by 20–40% over 3–5 years.
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Market Uptake and Volume Expansion: As clinical data solidifies and payer acceptance grows, volumes will increase, potentially enabling volume-based pricing discounts or value-based contracts.
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Regulatory Environment and Policy Shifts: Pressure to curb drug spending, such as nationwide healthcare reforms or international reference pricing, could compress prices further.
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Innovation and Efficacy Improvements: Future line extensions or combination therapies could alter the market landscape, influencing pricing flexibility.
Scenario-based Price Projection (Next 5 Years)
| Scenario | Price Range (USD) | Key Assumptions | Implication |
|---|---|---|---|
| Optimistic | $100,000 - $130,000 | High demand, limited competition, favorable reimbursement | Sustained premium pricing, high margins |
| Moderate | $80,000 - $110,000 | Entry of biosimilars, moderate uptake | Price erosion begins, margins tighten |
| Pessimistic | $50,000 - $80,000 | Biosimilar entries, regulatory or market pressures | Significant price reduction, intense competition |
Regulatory and Competitive Forces
Patent Landscape and Market Entry Barriers
Patent exclusivity is critical in maintaining premium pricing. A robust patent estate ensures market protection for 12–15 years, depending on jurisdiction. Conversely, patent cliffs will accelerate generic or biosimilar entry, pressuring prices downward.
Competitive Products and Differentiation
The drug’s unique efficacy, safety profile, or delivery mechanism determines its competitive positioning. First-in-class biologics with demonstrated superiority command higher prices, while rivals with incremental benefits may be priced more competitively.
Reimbursement and Pricing Negotiations
Negotiations with payers significantly influence net sales. Value-based pricing models, where reimbursement aligns with clinical outcomes, could moderate list prices but increase overall revenue if outcomes are favorable.
Consolidated Market Outlook
The pharmacoeconomic landscape underpins considerable growth potential for NDC 70677-0144, primarily driven by unmet need, regulatory exclusivity, and a favorable reimbursement environment. Nonetheless, impending biosimilar competition poses a medium-term threat to price stability.
Key Takeaways
- High-cost biologic in niche indications positions NDC 70677-0144 for premium pricing, estimated between $100,000 and $200,000 annually.
- Market exclusivity and patent protection will sustain high prices for the initial 8–12 years.
- Competitive biosimilars and generics are expected to enter the market within 5 years, exerting downward pressure on prices.
- Pricing strategies should prioritize demonstrated clinical value, outcome-based contracting, and optimal market penetration.
- Regulatory landscape and reimbursement policies will be pivotal in shaping future price trajectories and market access.
FAQs
1. What factors influence the pricing of drugs like NDC 70677-0144?
Drug pricing hinges on development costs, therapeutic benefit, market exclusivity, manufacturing complexity, competitive landscape, and reimbursement policies. Biologics with limited competition and high unmet need command premium prices.
2. How does market exclusivity affect the price projection for NDC 70677-0144?
Exclusivity periods protect against biosimilar entry, allowing manufacturers to maintain higher prices and margins. Once exclusivity expires, prices typically drop due to increased competition.
3. When are biosimilars likely to impact the pricing of NDC 70677-0144?
Biosimilar competition generally emerges 8–12 years post-original biologic approval. Pricing pressures from biosimilars can result in 20–40% reductions within 3–5 years of market entry.
4. What is the significance of reimbursement strategies in pricing?
Reimbursement negotiations influence net pricing, with value-based agreements aligning payment with clinical outcomes driving favorable pricing and market acceptance.
5. How can manufacturers sustain profitability amidst impending biosimilar competition?
Innovating with improved formulations, expanding indications, securing strong market access through value demonstration, and engaging in outcome-based pricing are essential to sustain profitability.
Sources
[1] FDA Drug Database, Annual Report 2022
[2] IQVIA Biopharma Trends, 2022
[3] Evaluate Pharma World Preview, 2022
[4] National Cancer Institute, Rare Cancer Statistics, 2021
[5] Health Technology Assessment Reports (NICE, ICER), 2022
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