Market Analysis and Price Projections for the Drug NDC: 46122-0724
Understanding the National Drug Code (NDC)
To analyze the market and price projections for a specific drug identified by its National Drug Code (NDC), it is crucial to understand what the NDC represents. The NDC is a unique, three-segment number assigned by the FDA to identify drugs in the U.S. market. It includes the labeler code, product code, and package code[1][4].
Identifying the Drug
The NDC 46122-0724 is associated with a specific drug product. However, without direct access to the FDA's NDC Directory or other databases, we cannot identify the exact drug name and its characteristics directly from the NDC alone. Typically, you would use the FDA's NDC Directory or tools like the NDC Express mobile app to find detailed information about the drug, including its name, strength, dosage form, and formulation[1].
Market Trends and Drug Price Inflation
Overall Pharmaceutical Market
The pharmaceutical market is expected to experience significant growth and changes in the coming years. According to Vizient's Pharmacy Market Outlook, the overall drug price inflation rate for 2025 is projected to be around 3.81%. This inflation is driven by various factors, including the expanding indications of previously approved medications and the introduction of high-cost cell and gene therapies[2][5].
Impact of New Therapies
The market is seeing a surge in the use and cost of advanced therapies such as gene and cell therapies. These therapies, while revolutionary, come with substantial price tags, ranging from $250,000 to $4.25 million per treatment. This trend is expected to continue, with over 280 gene therapies in various stages of development, which will significantly impact healthcare budgets and operational processes[2][5].
Specific Drug Price Trends
For a specific drug like the one identified by NDC 46122-0724, price trends can vary based on several factors:
- Market Demand: Increased demand due to new indications or improved efficacy can drive up prices.
- Competition: The presence or absence of generic or biosimilar alternatives can influence pricing.
- Regulatory Changes: Changes in FDA regulations or reimbursement policies can affect drug pricing.
Without specific data on the drug associated with NDC 46122-0724, we can only generalize that its price could be influenced by these broader market trends.
Price Projections
General Projections
Given the overall drug price inflation rate of 3.81% for 2025, it is reasonable to expect that the price of the drug associated with NDC 46122-0724 could also increase, although the exact percentage would depend on specific market and regulatory factors.
Example of Price Fluctuations
To illustrate how prices can fluctuate, consider the example of Linezolid (NDC 00054-0319), where prices per unit have varied over time. For instance, the price per milliliter of Linezolid suspension has fluctuated between $1.69 and $1.95 over several months in 2024[3].
Accessing Detailed Price Information
To get precise price projections and historical price data for the drug associated with NDC 46122-0724, you would need to access databases such as the FDA's NDC Directory, DrugPatentWatch, or other pharmaceutical market analytics tools. These resources provide detailed listings, including current and historical prices, which are essential for accurate market analysis and price projections.
Key Takeaways
- NDC Importance: The NDC is a critical identifier for drugs in the U.S. market, providing detailed information about the drug product.
- Market Trends: The pharmaceutical market is experiencing significant growth and price inflation, driven by new therapies and expanding indications.
- Price Projections: While general inflation rates can be projected, specific price trends for a drug require access to detailed databases and market analytics.
- Regulatory Impact: Changes in FDA regulations and reimbursement policies can significantly affect drug pricing.
FAQs
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What is the National Drug Code (NDC)?
- The NDC is a unique, three-segment number assigned by the FDA to identify drugs in the U.S. market.
-
How can I find information about a drug using its NDC?
- You can use the FDA's NDC Directory or tools like the NDC Express mobile app to find detailed information about the drug.
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What factors influence drug price inflation?
- Factors include expanding indications of previously approved medications, introduction of high-cost therapies, and regulatory changes.
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How can I access detailed price information for a specific drug?
- Use databases such as the FDA's NDC Directory, DrugPatentWatch, or other pharmaceutical market analytics tools.
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What is the projected overall drug price inflation rate for 2025?
- According to Vizient's Pharmacy Market Outlook, the projected overall drug price inflation rate for 2025 is 3.81%.
Sources
- FDA's National Drug Code Directory - FDA
- Vizient Projects Drug Price Inflation at 3.81% - Vizient Inc.
- Latest drug prices and trends for NDC 00054-0319 - DrugPatentWatch
- NDC Directory (March 2015) - YouTube
- Pharmacy Market Outlook Summer 2024 - Vizient Inc.
