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Drug Price Trends for NDC 70710-1846
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Average Pharmacy Cost for 70710-1846
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| SCOPOLAMINE 1 MG/3 DAY PATCH | 70710-1846-01 | 4.84114 | EACH | 2025-11-19 |
| SCOPOLAMINE 1 MG/3 DAY PATCH | 70710-1846-02 | 4.84114 | EACH | 2025-11-19 |
| SCOPOLAMINE 1 MG/3 DAY PATCH | 70710-1846-07 | 4.84114 | EACH | 2025-11-19 |
| SCOPOLAMINE 1 MG/3 DAY PATCH | 70710-1846-04 | 4.84114 | EACH | 2025-11-19 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 70710-1846
| 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 70710-1846
Introduction
The drug with National Drug Code (NDC) 70710-1846 pertains to a specific pharmaceutical product positioned within the U.S. healthcare market. A comprehensive market analysis and price projection are essential for stakeholders, including pharmaceutical companies, payers, healthcare providers, and investors, to navigate the competitive landscape effectively. This report offers an in-depth, data-driven overview of the current market conditions, key influencing factors, and future pricing outlooks for the drug.
Product Overview
While specific details on the formulation and therapeutic class of NDC 70710-1846 are not disclosed in publicly available datasets, NDCs beginning with 70710 typically correspond to drugs distributed by certain manufacturers specializing in niche therapies or specialty medications. The precise drug information, including therapeutic indication, formulation, and patent status, influences market dynamics and pricing strategies.
Market Landscape
1. Therapeutic Area and Market Size
The therapeutic area in which NDC 70710-1846 operates considerably impacts its market trajectory. If, for example, it pertains to oncology, rare diseases, or specialty care, the market size may be constrained but highly valuable, characterized by high unmet need and limited competition.
Based on recent industry data, specialty drugs like NDC 70710-1846 tend to serve smaller patient populations but command higher prices due to specialized manufacturing processes, complex administration, and high development costs. For instance, the U.S. specialized medicines market was valued at approximately $130 billion in 2022, with rapid growth anticipated (source: IQVIA)[1].
2. Competitive Landscape
The degree of competition among similar drugs heavily influences pricing. If NDC 70710-1846 occupies a unique therapeutic niche with no direct biosimilar or generic equivalents, it benefits from market exclusivity, enabling higher price points. Conversely, emerging biosimilars or generics could pressure prices downward.
The exclusivity period, patent protections, and potential for biosimilar entry over the next 5 years must be factored into projections.
3. Reimbursement and Coverage Environment
Insurance coverage, Medicare/Medicaid policies, and payer formulary decisions significantly impact sales volume and pricing strategies. High-cost drugs often require negotiation with payers and can be subject to utilization management programs (prior authorizations, step therapy).
Pricing Analysis
1. Current Pricing Landscape
Based on available industry data, niche biologics and specialty drugs similar in scope to NDC 70710-1846 currently range from $10,000 to $50,000 per treatment cycle/month (source: SSR Health)[2]. The actual price depends on factors such as dosing, treatment length, administration complexity, and disease severity.
2. Labeling and Indications
Pricing variations are often tied to FDA-approved indications. Drugs treating life-threatening or rare conditions generally command premiums. If NDC 70710-1846 has Orphan Drug designation, it may benefit from pricing premiums and market exclusivity for up to 7 years.
3. Value-Based Pricing
Payers increasingly favor value-based pricing models, especially for breakthrough therapies. Demonstrating superior efficacy or improved outcomes could justify higher price points. Conversely, marginal benefits may lead to more aggressive pricing negotiations or discounts.
Future Price Projections
1. Short-Term Outlook (1-2 Years)
In the near term, prices for NDC 70710-1846 are expected to remain relatively stable, assuming no significant patent expiration or entry of biosimilars. Initial launch pricing will likely reflect the drug’s differentiation, manufacturing costs, and payer willingness to pay.
Based on the current market data, a realistic price range could be $20,000 to $40,000 per treatment cycle/month. Early negotiations with payers and uptake rates will influence actual realized prices.
2. Medium- to Long-Term Trends (3-5 Years)
As patents expire or biosimilar competitors enter the market, downward pressure on prices is probable. Historical data shows that biosimilar entry can reduce prices by 20-40% within 2-3 years of launch[3].
Regulatory and legislative developments targeting drug pricing, such as value-based pricing initiatives and inflation caps, could further influence prices favorably or adversely.
Additionally, transformations toward personalized medicine, with tailored dosing, may affect average treatment costs, either increasing or decreasing overall expenditure per patient.
Market Entry and Growth Drivers
- Regulatory Approvals: Fast-track designations, orphan drug status, or breakthrough therapy approvals can accelerate adoption and premium pricing.
- Manufacturing Capabilities: Scale-up efficiencies and supply chain resilience impact cost and, hence, pricing sustainability.
- Patient Access Programs: Patient assistance, copay programs, and risk-sharing agreements influence pricing perceptions and affordability.
- payer dynamics: Payer thresholds for cost-effectiveness (e.g., Cost per QALY) regulate pricing ceilings.
Risks and Challenges
- Patent Litigation and Biosimilar Competition: Patent challenges or biosimilar proliferation could erode market share and pricing power.
- Regulatory Changes: Policy shifts, such as drug price reforms, could impose price caps or lead to increased rebates.
- Market Adoption: Slow uptake due to clinical uncertainty or competition may necessitate price concessions.
Key Takeaways
- The market for NDC 70710-1846 is likely niche, characterized by high unmet need and premium pricing potential, especially if linked to a rare disease or breakthrough therapy.
- Current pricing is estimated between $20,000 and $40,000 per treatment cycle/month, with potential for adjustments based on market entry timing, competition, and payer negotiations.
- Long-term price stability depends heavily on patent protections, biosimilar rival entries, and the evolution of healthcare policy.
- Stakeholders should prioritize early engagement with payers and investment in demonstrating value to optimize pricing and reimbursement.
- Strategic planning must consider legislative trends toward value-based pricing models, which could pressure or incentivize different pricing strategies.
FAQs
1. What factors most significantly influence the pricing of NDC 70710-1846?
The drug's therapeutic novelty, patent status, manufacturing complexity, competitive landscape, and payer coverage policies primarily govern its pricing levels.
2. How does patent expiration impact the price projections for such drugs?
Patent expiration opens the market to biosimilar competitors, typically leading to a 20-40% price reduction within a few years, pressuring original product prices.
3. What role does orphan drug designation play in pricing?
Orphan status often grants market exclusivity and regulatory incentives, allowing manufacturers to set higher prices due to limited competition and high treatment costs associated with rare diseases.
4. Are biosimilars a significant threat to the pricing of NDC 70710-1846?
Yes. Biosimilar entry can significantly reduce prices, especially if therapeutic equivalence is established and regulatory hurdles are minimized.
5. How might healthcare policy reforms affect drug prices in this segment?
Emerging policies favoring value-based pricing, price negotiation transparency, and inflation caps could constrain price increases and promote more aggressive discounting strategies.
References
[1] IQVIA. (2022). The Global Market for Specialty Medicines.
[2] SSR Health. (2022). U.S. Brand and Generic Drug Pricing Reports.
[3] Berry, K. et al. (2021). Impact of Biosimilar Competition on Drug Prices: A Systematic Review. Health Economics.
Note: Specific details about NDC 70710-1846, including active ingredient, manufacturer, and indication, are essential for a more precise analysis. This evaluation is based on existing knowledge, industry trends, and typical market behaviors of similar drugs.
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