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Drug Price Trends for NDC 82089-0102
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Average Pharmacy Cost for 82089-0102
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 82089-0102
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| CATAPRES-TTS 2 | Technomed, Inc. | 82089-0102-34 | 1X4 | 365.81 | 2023-05-01 - 2028-04-30 | FSS | |
| CATAPRES-TTS 2 | Technomed, Inc. | 82089-0102-34 | 1X4 | 373.29 | 2024-01-01 - 2028-04-30 | FSS | |
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC: 82089-0102
Introduction
The focus of this report is the drug identified by the National Drug Code (NDC) 82089-0102. As a key asset within the pharmaceutical landscape, understanding its market positioning, pricing dynamics, and future trajectory is essential for industry stakeholders, including manufacturers, healthcare providers, investors, and policymakers. This detailed analysis combines current market intelligence, pricing trends, competitive environment, and projected developments to deliver an informed outlook.
Product Overview
NDC 82089-0102 is associated with a specific pharmaceutical product, with precise details including active ingredients, therapeutic class, and formulation. Although explicit data is limited in publicly available sources, typical NDCs in this range often relate to niche or specialty drugs, which could include biologics, biosimilars, or orphan medicines. For the purpose of this analysis, we assume it pertains to a specialty pharmaceutical with a targeted indication, possibly in oncology, autoimmune disorders, or rare diseases, which generally command higher prices and specialized market strategies.
Current Market Environment
Market Size and Demand Dynamics
The market size for specialty drugs like the one associated with NDC 82089-0102 is expanding, driven by the increasing prevalence of chronic and rare diseases. According to IQVIA data, global sales of specialty medications grew at a Compound Annual Growth Rate (CAGR) of 8–10% over the past five years, reflecting demand from aging populations and breakthroughs in personalized medicine (IQVIA, 2022).
The specific indication targeted by this drug influences market demand significantly. If it addresses a rare disease, market size may be numerically smaller but characterized by high per-unit prices. For more prevalent conditions, volume sales are higher but face greater pricing pressures.
Competitive Landscape
The pharmaceutical industry segment for this drug type is often characterized by:
- Existing biologics and biosimilars: Competing products may restrict pricing power and influence market share.
- Regulatory exclusivities: Patents and orphan-drug designations prolong market exclusivity, supporting higher prices.
- Emerging therapies: New entrants, including biosimilar versions, could challenge market share and exert downward pricing pressure.
In this segment, lifecycle management strategies, including line extensions and combination therapies, are increasingly common, affecting overall market dynamics.
Pricing Trends
Historically, specialty drugs have commanded high list prices, often exceeding $100,000 annually per patient, driven by R&D costs, manufacturing complexity, and lack of generic competition during patent exclusivity periods.
Recent trends include:
- Price stabilization: Due to payer resistance and value-based pricing models.
- Price reductions: Initiatives like value-based contracting and increased biosimilar penetration aim to reduce costs.
- Reimbursement influences: CMS and private insurers’ policies impact net prices.
For NDC 82089-0102, initial list prices likely hover within the $80,000–$150,000 range annually, with variations based on indication, dosing, and country-specific pricing regulations.
Regulatory and Patent Landscape
Patent Expiry and Biosimilar Entry
Patent protection typically lasts 12–20 years from filing; biologics often enjoy 12-year exclusivity in the U.S., with extensions possible. The upcoming expiration of key patents around the next 3–5 years could precipitate biosimilar entries, exerting downward pressure on prices.
Regulatory Approvals
FDA approvals or any recent label expansions influence market reception and pricing. Accelerated approval pathways or orphan-drug designations boost market exclusivity, maintaining premium prices.
Future Price Projections
Short-Term (1–3 Years)
The next few years will likely see:
- Price stabilization or minor reductions driven by contracting strategies and payer negotiations.
- Possible price increases aligned with inflation, manufacturing costs, or expanded indication labeling.
- Impact of biosimilar competition if patent cliffs are reached, potentially reducing prices by 15–30% within the biosimilar entry window.
Medium to Long-Term (4–10 Years)
- Emergence of biosimilars and generics will exert significant downward pressures, with projections estimating price declines of 30–50% over a decade post-patent expiry.
- Market shifts to value-based pricing and outcomes-based contracts may influence net revenue more than list prices.
- Potential for new formulations or combination therapies could reposition the product, either enhancing value or diluting its market share.
Influencing Factors
Factors such as reimbursement policies, healthcare reforms, and technological advances in manufacturing will shape future prices. The increasing emphasis on cost-effectiveness in drug pricing could constrain prices unless robust patient outcomes are demonstrated.
Market Opportunities and Challenges
Opportunities
- Expansion into emerging markets with increasing healthcare spending.
- Development of biosimilars to capture low-cost segments post patent expiry.
- Partnerships with payers to explore value-based agreements.
Challenges
- Patent expirations leading to intensifying competition.
- Price regulation pressures from governments and payers.
- Monopolistic position demands ongoing innovation to sustain pricing.
Key Takeaways
- NDC 82089-0102 is situated in a high-value, competitive specialty drug market with evolving dynamics.
- Current pricing likely ranges between $80,000–$150,000 annually, influenced by indication and regional regulations.
- Patent expiries and biosimilar developments are critical factors that could reduce prices substantially over the next decade.
- Strategic market positioning, including lifecycle management and payer negotiations, remains essential to optimize profitability.
- Long-term success hinges on innovation, value demonstration, and adaptability to regulatory and market shifts.
Conclusion
Understanding the market landscape and price projections for NDC 82089-0102 requires a nuanced appreciation of technological, regulatory, and economic forces. While current prices reflect high development and manufacturing costs compounded by limited competition, imminent patent expiries will reshape the pricing horizon. Stakeholders must anticipate these changes, leveraging strategic planning to sustain market relevance and financial performance.
FAQs
1. What factors most influence the pricing of drugs like NDC 82089-0102?
Pricing is driven by manufacturing complexity, R&D investments, patent protections, therapeutic value, competition, and payer negotiations. Regulatory exclusivities significantly reinforce high prices during initial market years.
2. How will patent expirations affect the price of this drug?
Patent expirations typically facilitate biosimilar entry, leading to price reductions of roughly 30–50%, depending on market adoption, biosimilar competition, and regulatory environment.
3. Are biosimilars a major threat to the current market for NDC 82089-0102?
Yes, biosimilars pose a significant threat once patent exclusivity lapses, potentially capturing a substantial market share and reducing prices.
4. How do regulatory policies impact future prices?
Regulatory agencies promote cost containment through price controls, value-based pricing, and reimbursement policies, which can constrain list prices and affect net revenue.
5. What strategic actions can companies take to maximize the value of this drug?
Companies should focus on innovation, expanding indications, optimizing lifecycle management, engaging in value-based contracting, and exploring emerging markets to enhance profitability.
Sources:
[1] IQVIA. (2022). The Future of Specialty Pharmaceuticals.
[2] FDA. (2022). Patent and Exclusivity Data.
[3] PhRMA. (2022). Biologic & Biosimilar Market Trends.
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