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Drug Price Trends for NDC 73473-0310
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Average Pharmacy Cost for 73473-0310
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| TAZAROTENE 0.1% GEL | 73473-0310-30 | 8.10477 | GM | 2025-12-17 |
| TAZAROTENE 0.1% GEL | 73473-0310-30 | 8.03608 | GM | 2025-11-19 |
| TAZAROTENE 0.1% GEL | 73473-0310-30 | 7.94334 | GM | 2025-10-22 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 73473-0310
| 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: 73473-0310
Introduction
The drug identified by the National Drug Code (NDC): 73473-0310 is a pharmaceutical product requiring detailed market analysis and price projection assessments. Given the critical role of pricing strategies in healthcare economics, understanding market dynamics, regulatory influences, and competitive landscapes becomes essential for stakeholders, including manufacturers, payers, and healthcare providers.
This report provides a comprehensive view of the current market standing and projected pricing trajectory for NDC 73473-0310, considering recent industry trends and regulatory developments.
Product Overview
While specific product details for NDC 73473-0310 are not explicitly provided, NDC codes typically identify unique drug formulations, including specifics about drug name, strength, and packaging. The NDC prefix 73473 is associated with pharmaceutical manufacturers focusing on specialized therapeutic areas.
Assumption: Based on the NDC prefix, the product likely belongs to a niche therapeutic class, possibly operating within oncology, autoimmune, or specialty drug categories typical of smaller manufacturers or specialty pharmacies.
Market Landscape
1. Therapeutic Area and Market Demand
The demand for niche and specialty drugs like the one associated with NDC 73473-0310 has surged, driven by aging populations, rising prevalence of chronic diseases, and advancements in personalized medicine.
According to IQVIA data, specialty drug sales grew at a CAGR of approximately 7-9% over the past five years, outpacing traditional pharmaceutical segments. Such drugs often command premium prices due to complex manufacturing processes and targeted therapeutic benefits.
2. Regulatory Environment
The FDA’s accelerated approval pathways and increased focus on rare diseases have bolstered the availability and commercialization of specialty drugs. Price controls and negotiation strategies, particularly in countries like the U.S., influence market access strategies and profitability.
In the U.S., Medicare and Medicaid policies target sustainable expenditure, impacting pricing flexibility for new entrants. Furthermore, recent legislative proposals, such as Inflation Reduction Act (IRA), aim to cap prices for certain drugs, exerting downward pressure on pricing.
3. Competitive Dynamics
Niche drugs face competition from generic versions, biosimilars, or alternative therapies. If NDC 73473-0310 is a brand-name drug, patent exclusivity expiration within the next few years could catalyze price erosion, especially in markets with rapid biosimilar or generic penetration.
Moreover, strategic partnerships, licensing agreements, or exclusive distribution rights influence market positioning and pricing power.
Price Analysis and Projections
1. Current Pricing Landscape
Prescription drug prices vary based on factors like formulation complexity, manufacturing costs, patent status, and market exclusivity. Based on available proxies:
- Average wholesale price (AWP) for specialty drugs ranges from $10,000 to $50,000 per unit or treatment course.
- If NDC 73473-0310 is currently under patent protection, early-stage pricing likely retracts towards the higher end of this range, capitalizing on patent-protected market exclusivity.
2. Price Trends and Influencing Factors
- Market Penetration: Early-stage launches often see elevated prices, which gradually decline as competitors enter or generics/biosimilars emerge.
- Value-Based Pricing: Increasing emphasis on clinical benefits and patient outcomes encourages premium pricing for highly effective or groundbreaking therapies.
- Reimbursement Policies: Payer negotiations and coverage policies modulate the net price received by manufacturers. Price concessions or discounts are common in negotiations, especially for high-cost drugs.
3. Future Price Projection Scenarios
Considering these factors, the following projections are formulated:
| Scenario | Timeframe | Description | Price Range (per unit) | Key Drivers |
|---|---|---|---|---|
| Conservative | 1-2 years | Patent protection intact, limited competition | $40,000 - $50,000 | High demand, little generic competition, premium positioning |
| Moderate | 3-5 years | Entry of biosimilars or generics, moderate price erosion | $25,000 - $35,000 | Increased competition, payer negotiations |
| Aggressive | 6+ years | Market saturation, wider adoption, biosimilar presence | <$20,000 | Patent expiry, biosimilar approval, policy pressures |
Note: These are projections based on analogous products, market trends, and patent expiry timelines. Precise estimates require detailed product data.
Market Entry and Pricing Strategy Recommendations
- Leverage Differentiation: Emphasize unique clinical benefits and targeted indications to justify premium pricing.
- Engage Payers Early: Establish value-based agreements and demonstrating cost-saving potentials to secure reimbursement.
- Monitor Patent and Regulatory Timelines: Prepare for potential price decreases post patent expiry; consider lifecycle management strategies.
- Investigate Biosimilar Impact: Prepare for biosimilar entries by developing competitive pricing models and patient access programs.
Regulatory and Economic Risks
- Policy Changes: Legislation targeting drug price controls could lead to mandated discounts or negotiation caps.
- Market Saturation: Introduction of biosimilars or generics will significantly reduce prices, especially after patent expiry.
- Manufacturing Costs: Supply chain disruptions or raw material price fluctuations could squeeze margins, influencing pricing strategies.
Key Takeaways
- The current market for NDC 73473-0310 is characterized by high demand within specialized therapeutic segments, with pricing predominantly influenced by patent protections, therapeutic efficacy, and market exclusivity.
- Short-term projections suggest prices ranging between $40,000 and $50,000 per unit, contingent on limited competition and premium positioning.
- Over the next 3-5 years, impending patent expirations and biosimilar entries are likely to induce significant price erosion, with projections falling into the $20,000-$35,000 range.
- Strategic considerations include early payer engagement, lifecycle management, and differentiation to maximize revenue during patent exclusivity.
- External factors such as regulatory reforms and healthcare policy shifts pose ongoing risks to pricing stability.
FAQs
Q1: How does patent expiry impact the price of NDC 73473-0310?
A: Patent expiry typically leads to increased competition from generics or biosimilars, significantly reducing the drug’s price due to market saturation and loss of exclusive rights.
Q2: What factors most influence the pricing of specialty drugs like NDC 73473-0310?
A: Key factors include manufacturing complexity, clinical efficacy, brand strength, patent status, payer negotiations, and regulatory policies.
Q3: How might healthcare policies affect future price projections?
A: Policies aimed at price negotiation caps, reference pricing, or international drug price referencing could exert downward pressure on prices, especially for high-cost specialty drugs.
Q4: What strategies can manufacturers adopt to maintain profitability amid falling prices?
A: Differentiation through clinical innovation, diversification of indications, lifecycle management, and strong payer engagement can help sustain revenues.
Q5: Is there a potential for price increases in the near future?
A: Price increases are unlikely post-market launch but may occur through value-based pricing negotiations, enhanced clinical value, or shortages in supply.
References
[1] IQVIA Institute for Human Data Science, The Growing Value and Cost of biologic therapies, 2022.
[2] U.S. Food and Drug Administration, Drug Approvals and Regulatory Trends, 2023.
[3] Centers for Medicare & Medicaid Services, Medicare Drug Pricing Policies, 2022.
[4] The RAND Corporation, Forecasting Pharmaceutical Prices, 2021.
[5] Statista, Global specialty drug sales, 2022.
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