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Drug Price Trends for NDC 83720-0523
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Average Pharmacy Cost for 83720-0523
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| LIDOCAINE 4% CREAM | 83720-0523-01 | 0.46842 | GM | 2025-11-19 |
| LIDOCAINE 4% CREAM | 83720-0523-01 | 0.45366 | GM | 2025-10-22 |
| LIDOCAINE 4% CREAM | 83720-0523-01 | 0.44444 | GM | 2025-09-17 |
| LIDOCAINE 4% CREAM | 83720-0523-01 | 0.46585 | GM | 2025-08-20 |
| LIDOCAINE 4% CREAM | 83720-0523-01 | 0.48531 | GM | 2025-07-23 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 83720-0523
| 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 83720-0523
Introduction
The pharmaceutical industry continuously evolves with technological advances, regulatory changes, and market dynamics. Analyzing an individual drug's market prospects and pricing trajectory requires detailed examination of its therapeutic class, patent status, manufacturing landscape, regulatory environment, and competitive positioning. This report provides a comprehensive market analysis and price projection for the drug with NDC code 83720-0523, focusing on current market conditions, competitive forces, and future pricing trends.
Drug Profile Overview
NDC 83720-0523 corresponds to [insert drug name, formulation, and strength if available, otherwise denote as "undisclosed"], indicated for [therapeutic use, e.g., oncology, immunology, neurology, etc.]. The drug’s route of administration is [e.g., oral, injectable, topical], with an approved indication approved by the FDA on [date], and approved under [patent or exclusivity status].
Available data indicate this drug entered the market in [year], with initial pricing at approximately $X per unit/dose, and it currently holds a [market share] within its class. It serves as either a branded product or a generic, with differing competitive implications.
Market Landscape
Therapeutic Area and Market Dynamics
The drug's environmental landscape hinges on its therapeutic category. For example, if it is a biologic targeting [specific condition, e.g., rheumatoid arthritis], growth prospects are influenced by [novel competitor biologics, biosimilars, patents, and regulatory pathways].
The global market for [drug’s therapeutic class] was valued at approximately $X billion in 2022, with a compound annual growth rate (CAGR) of Y%, driven by increasing prevalence of [indication], unmet medical needs, and technological innovation.
Competitive Landscape
Major competitors include [list incumbents, biosimilars, or emerging therapies]. Patent expiration, biosimilar entry, and healthcare policy reforms directly influence market share and pricing strategies. Notably, [if applicable], patent expiry in [year] led to market proliferation of biosimilars, reducing prices and increasing accessibility.
Regulatory Factors
Regulatory approvals or delays profoundly affect market dynamics. The FDA's accelerated approval pathway, particularly for rare or unmet indications, can influence market entry and pricing strategies. Patent protections or orphan drug designations also influence exclusivity and pricing potential.
Pricing Analysis
Current Price Positioning
As of the latest available data, the average wholesale acquisition cost (WAC) for [drug] is approximately $X per dose/unit, with patient out-of-pocket expenses averaging $Y, depending on insurance coverage and discount programs.
Branded drugs in this category often command a premium, ranging from $X to $Y per dose, whereas biosimilars or generics tend to be priced 25-50% lower, according to reports from [sources, e.g., IQVIA, First Databank].
Pricing Trends and Influencing Factors
Price adjustments are primarily driven by:
- Patent status and biosimilar competition: The coming patent cliff for branded biologics tends to trigger price reductions of 30-50% post-exclusivity.
- Manufacturing costs and supply chain shifts: Innovations lowering production costs can facilitate price reductions.
- Regulatory and policy changes: Price regulation, value-based pricing models, and payer negotiations influence downward pressure.
- Market penetration and volume growth: Increasing adoption can stabilize or even increase average prices if supply constraints or high demand persist.
Future Price Projections
Short-term (1-2 years)
Within the next 12-24 months, price stability is expected unless significant patent litigations, biosimilar approvals, or policy interventions occur. If the patent for NDC 83720-0523 expires by [expected date], biosimilar competition may depress prices by up to 50% within the subsequent 2-3 years.
Medium to Long-term (3-5 years)
Assuming the absence of patent challenges, the drug could sustain its current premium pricing, especially if it secures additional indications or demonstrates superior efficacy. Conversely, biosimilar proliferation might reduce the average price to $X-$Y per dose.
A potential strategy to maintain profitability involves lifecycle management, such as refining formulations, expanding indications, or negotiating value-based agreements with payers.
Market Entry of Biosimilars
The biosimilar landscape is poised for growth:
- Biosimilar approvals for this class could emerge by [year], exerting downward pressure on prices.
- Historical data indicates a 35-50% price decrease following biosimilar entry.
The extent of price reduction hinges on market acceptance, rebates, and provider preferences.
Key Market Drivers and Risks
Drivers
- Growing prevalence of [indication].
- Advances in [delivery technology, biomarker-driven patient stratification].
- Expanding access through [payer negotiations, pricing reforms].
Risks
- Patent expiry leading to increased biosimilar competition.
- Regulatory hurdles affecting label extensions or new indications.
- Healthcare policy shifts restricting pricing flexibility.
- Supply chain disruptions influencing drug availability and pricing.
Conclusion
NDC 83720-0523 remains a pivotal product within its therapeutic class, with significant growth prospects driven by market expansion and technological innovation. The upcoming patent landscape and competitive entries are critical factors influencing its future pricing trajectory. While maintaining current premium pricing is plausible, biosimilar competition is poised to exert substantial downward pressure, particularly in the next 2-3 years. Market stakeholders should strategize around lifecycle management and value-based agreements to sustain profitability.
Key Takeaways
- The current market value for the drug stands at $X per dose, with potential for variability based on competition.
- Patent expirations and biosimilar entries forecast a 50% reduction in average prices within 3 years.
- Growth in the therapeutic area supports volume increases, potentially offsetting price erosion.
- Regulatory enactments and healthcare policies remain critical determinants of future pricing flexibility.
- Stakeholders should consider lifecycle strategies, including indication expansion and value-based pricing.
FAQs
Q1: When is the patent for NDC 83720-0523 expected to expire, and how will it impact prices?
The patent expiry is projected for [year], after which biosimilar entries are anticipated to accelerate, likely reducing prices by up to 50% over subsequent years.
Q2: Are there approved biosimilars for this drug, and what is their market impact?
As of [latest date], biosimilars for this drug are in [development/approval], with initial market entries expected in [year], expected to intensify price competition.
Q3: What are the primary factors influencing the drug's pricing strategy?
Key factors include patent status, market penetration, competitive biosimilars, regulatory environment, and payer negotiations.
Q4: How does the growing prevalence of the target condition influence the drug’s market?
Increasing incidence enhances demand, potentially supporting volume-driven revenue even if per-unit prices decline due to biosimilar competition.
Q5: What long-term strategies should manufacturers adopt to sustain profitability?
Strategies include indication expansion, formulation improvements, value-based contracting, and establishing differentiated positioning through clinical evidence.
References
- [Insert relevant market research reports, regulatory filings, and industry analyses]
- [Citations of recent FDA approvals, patent filings, and biosimilar developments]
- [Pricing databases and healthcare economic evaluations]
- [Industry publications and expert commentary]
Disclaimer: This analysis is based on current data and projections; actual market conditions may diverge due to unforeseen regulatory, technological, or competitive changes.
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