Drug Price Trends for NDC 33342-0203

Average Pharmacy Cost for 33342-0203

Drug Name	NDC	Price/Unit ($)	Unit	Date
VARDENAFIL HCL 10 MG ODT	33342-0203-37	25.71611	EACH	2024-12-18
VARDENAFIL HCL 10 MG ODT	33342-0203-37	25.73750	EACH	2024-11-20
VARDENAFIL HCL 10 MG ODT	33342-0203-37	25.67333	EACH	2024-10-23
VARDENAFIL HCL 10 MG ODT	33342-0203-37	23.96028	EACH	2024-09-18

Best Wholesale Price for NDC 33342-0203

These are wholesale prices available to the US Federal Government which, by law, must be the best prices available under comparable terms and conditions

Price type key: Federal Supply Schedule (FSS): generally available to all Federal Govt agencies / 'BIG4' prices: VA, DoD, Public Health & Coast Guard only / National Contracts (NC): Available to specific agencies

Drug Name	Vendor	NDC	Count	Price ($)	Price/Unit ($)	Dates	Price Type

33342-0203 Market Analysis and Financial Projection

Market Analysis and Price Projections for the Drug NDC: 33342-0203

Understanding the National Drug Code (NDC)

To analyze the market and pricing for the drug identified by the NDC 33342-0203, it is essential to understand what the NDC represents. The National Drug Code (NDC) is a unique, three-segment number that identifies the labeler, product, and trade package size of a drug product. This code is crucial for tracking and managing drug products in the pharmaceutical industry[2][5].

Identifying the Drug Product

The NDC 33342-0203 can be broken down into three segments:

• Labeler Code: The first segment (33342) identifies the firm that manufactures, repackages, or relabels the drug. In this case, it is likely associated with Macleods Pharmaceuticals Limited, given the similarity with other NDC codes from the same labeler[1].
• Product Code: The second segment (0203) identifies the specific strength, dosage form, and formulation of the drug.
• Package Code: The third segment identifies the package size and type.

Market Demand

Market demand for a drug is influenced by several factors, including the prevalence of the condition it treats, patient population growth, and the availability of alternative treatments.

• Condition Prevalence: If the drug treats a chronic condition with a growing patient population, demand is likely to increase. For example, if the drug is used for asthma or allergies, the increasing prevalence of these conditions could drive higher demand.
• Alternative Treatments: The presence of alternative treatments, including generic drugs and biosimilars, can impact demand. According to Deloitte, 37% of life sciences executives view competition from generic drugs and biosimilars as a top trend[3].

Competitive Landscape

The competitive landscape plays a significant role in determining the market position and pricing of the drug.

• Competitors: If there are few competitors in the same therapeutic class, the drug may maintain a strong market position. However, with the looming patent cliff and the expected increase in mergers and acquisitions, competition could intensify[3].
• Generic and Biosimilar Competition: The entry of generic or biosimilar versions of the drug can significantly reduce market share and pricing power.

Pricing Analysis

Pricing analysis involves examining historical data, competitor pricing, and regulatory environments.

• Historical Pricing: Historical data might show stable pricing over the past few years, but with slight increases due to inflation. For instance, a modest increase of 2-3% due to inflation and stable demand is common[2].
• Competitor Pricing: The pricing strategies of competitors in the same therapeutic class are crucial. Companies often adjust their prices based on what their competitors are charging.
• Regulatory Environment: Programs like the 340B Drug Pricing Program, which provide discounts to eligible hospitals, can impact the overall revenue and pricing strategy of drug companies[2].

Forecasting Models

Forecasting models help predict future prices based on past data.

• Regression Analysis: Using regression and time series analysis can help in predicting future prices. For example, if historical data shows a consistent annual increase, this trend can be projected into the future[2].
• Market Trends: Understanding market trends, such as the growing demand for non-invasive treatment methods or the rise of personalized medicine, is essential for accurate forecasting[3][4].

Impact of External Factors

Several external factors can influence the market and pricing of the drug.

• Patent Expirations: The looming patent expiration of high-revenue products can drive interest in mergers and acquisitions and impact the pricing and market position of drugs. This is a significant concern, with over $300 billion in sales at risk through 2030 due to expiring patents[3].
• Regulatory Compliance: Staying updated with FDA regulations and Medicaid/Medicare policies is essential for maintaining market position and compliance. For example, outsourcing facilities regulated under Section 503B of the FD&C Act must comply with specific reporting requirements[5].

Market Analysis

Understanding the competitive landscape, market trends, and patient population is crucial for accurate price projections.

• Patient Population: The growing demand for localized treatment options, such as those seen in the topical drug delivery market, can indicate broader trends in patient preferences and healthcare delivery[4].
• Technological Innovations: The integration of technologies like gen AI and the increased use of data are expected to boost operational efficiencies and drive breakthrough innovations, potentially affecting market dynamics[3].

Pricing Strategies

Pricing strategies are influenced by historical pricing, competitor pricing, and the regulatory environment.

• Historical Pricing Data: Analyzing past pricing trends helps in setting current and future prices. For instance, if a drug has seen stable pricing with minor annual increases, this pattern can be continued[2].
• Competitor Analysis: Monitoring competitor pricing is vital. Companies often adjust their prices relative to their competitors to maintain market share[2].

Regulatory Compliance

Staying compliant with regulatory requirements is essential for maintaining market position.

• FDA Regulations: The FDA's National Drug Code Directory contains critical information about finished and unfinished drugs, including those produced by outsourcing facilities. Compliance with these regulations is mandatory[5].
• Medicaid/Medicare Policies: Programs like the 340B Drug Pricing Program can impact revenue and pricing strategies. Companies must stay updated with these policies to ensure compliance and maintain market position[2].

Key Takeaways

• Market Analysis: Understanding the competitive landscape, market trends, and patient population is crucial for accurate price projections.
• Pricing Strategies: Historical pricing, competitor pricing, and regulatory environment play significant roles in determining the drug's price.
• Forecasting Models: Using regression and time series analysis can help in predicting future prices based on past data.
• Regulatory Compliance: Staying updated with FDA regulations and Medicaid/Medicare policies is essential for maintaining market position and compliance.

Impact of Technological Advancements

The integration of advanced technologies, such as gen AI, is expected to transform the life sciences industry.

• Personalized Medicine: Advances in genomics and biomarkers enable more precise treatment options, improving efficacy and reducing side effects. This trend can influence market demand and pricing strategies[3].
• Operational Efficiencies: The use of data and AI can boost operational efficiencies, drive breakthrough innovations, and potentially affect market dynamics and pricing[3].

Geographical Dominance

The geographical distribution of the market can also impact pricing and demand.

• North America: Regions like North America, with sophisticated healthcare infrastructure and substantial R&D investments, often dominate certain drug delivery markets, such as the topical drug delivery market[4].

Key Takeaways

• Market Demand and Competition: The demand for the drug and the competitive landscape significantly influence its market position and pricing.
• Pricing Strategies: Historical pricing, competitor pricing, and regulatory environments are key factors in determining the drug's price.
• Forecasting Models: Regression and time series analysis are useful for predicting future prices.
• Regulatory Compliance: Compliance with FDA regulations and Medicaid/Medicare policies is essential.
• Technological Advancements: Advances in genomics, biomarkers, and AI can impact market dynamics and pricing strategies.

FAQs

What is the National Drug Code (NDC) and how does it relate to drug pricing?

The National Drug Code (NDC) is a unique three-segment number that identifies the labeler, product, and trade package size of a drug product. It is crucial for tracking and managing drug products and influences market analysis and pricing by providing specific details about the drug[2][5].

How does the competitive landscape affect the pricing of a drug?

The competitive landscape, including the presence of generic drugs and biosimilars, significantly impacts the pricing of a drug. Fewer competitors in the same therapeutic class can allow a drug to maintain a strong market position and higher pricing, while increased competition can reduce market share and pricing power[2][3].

What role do regulatory environments play in drug pricing?

Regulatory environments, including programs like the 340B Drug Pricing Program and FDA regulations, can impact the overall revenue and pricing strategy of drug companies. Compliance with these regulations is essential for maintaining market position and ensuring continued commercial distribution[2][5].

How do technological advancements influence drug pricing and market dynamics?

Technological advancements, such as the integration of gen AI and the use of data, can boost operational efficiencies, drive breakthrough innovations, and potentially affect market dynamics and pricing strategies. Personalized medicine, enabled by advances in genomics and biomarkers, can also influence market demand and pricing[3].

What forecasting models are commonly used for predicting drug prices?

Common forecasting models include regression analysis and time series analysis. These models help predict future prices based on historical data, market trends, and other relevant factors[2].

Sources

1. FDA.report: NDC 33342-102 Oral Tablet Montelukast Drug Codes.
2. DrugPatentWatch: Latest drug prices and trends for NDC 33342-0308.
3. Deloitte Insights: 2025 life sciences outlook.
4. GlobeNewswire: Topical Drug Delivery Market is expected to generate a revenue of USD 177.97 Billion by 2031.
5. FDA: National Drug Code Directory.