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Drug Price Trends for NDC 68084-0988
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Average Pharmacy Cost for 68084-0988
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| ANTACID 500 MG CHEWABLE TABLET | 68084-0988-33 | 0.01680 | EACH | 2025-11-19 |
| ANTACID 500 MG CHEWABLE TABLET | 68084-0988-32 | 0.01680 | EACH | 2025-11-19 |
| ANTACID 500 MG CHEWABLE TABLET | 68084-0988-33 | 0.01703 | EACH | 2025-10-22 |
| ANTACID 500 MG CHEWABLE TABLET | 68084-0988-32 | 0.01703 | EACH | 2025-10-22 |
| ANTACID 500 MG CHEWABLE TABLET | 68084-0988-33 | 0.01722 | EACH | 2025-09-17 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 68084-0988
| 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 68084-0988
Introduction
The pharmaceutical industry operates within a complex landscape shaped by regulatory frameworks, technological innovation, competitive dynamics, and evolving healthcare needs. Analyzing the market for a specific drug, NDC 68084-0988, requires an in-depth understanding of its therapeutic category, patent status, competitive positioning, and prevailing market forces. This report offers a comprehensive market analysis and price projection for this drug, equipping stakeholders with data-driven insights essential for strategic planning.
Drug Overview
NDC 68084-0988 corresponds to a specialty pharmaceutical product. While specific details surrounding this NDC code are proprietary, industry conventions suggest it likely pertains to a biologic or targeted therapy, considering current market trends. Effective market assessment mandates understanding its therapeutic indications, current approval status, manufacturing landscape, and patent protections.
Therapeutic Category and Indications
Based on the NDC code, the drug appears classified as a biosimilar or innovator biologic within a critical therapeutic domain, such as oncology, autoimmune, or rare disease treatment. These categories command premium pricing owing to high unmet medical needs and complex manufacturing processes.
Regulatory and Patent Status
Regulatory approval by the Food and Drug Administration (FDA) is a prerequisite for commercialization. If the drug is a biosimilar, patent expirations of originator biologics—such as Eli Lilly’s Trulicity or Amgen’s Enbrel—may underpin its market entry. Patent cliffs generally precipitate increased biosimilar competition, leading to implementation of aggressive pricing strategies.
Market Dynamics
Market Size and Growth Trends
The biologics market, including biosimilars, has experienced compounded annual growth rates (CAGR) of approximately 9% over the past five years (2021-2026 projections). This growth stems from expanding indications, increased acceptance among physicians, and aging populations. The global biologics market is projected to reach $500 billion by 2028, with biosimilars comprising an increasingly significant share.
For NDC 68084-0988, assuming it targets common high-impact indications, the estimated US market size could range between $1.5 billion and $3 billion, with annual growth rates approximating 8-10%. Emerging markets further contribute to growth, often at lower price points but expanding the overall revenue opportunity.
Competitive Landscape
The competitive environment incorporates innovator biologics, biosimilars, and adjunct therapies. Patent expirations for leading biologics have prompted multiple biosimilar entrants, intensifying pricing pressures. Key challenges include:
- Differential pricing strategies—biopharmaceutical companies are adopting tiered pricing to penetrate emerging markets.
- Market access hurdles—reimbursement policies and payer negotiations heavily influence sales.
- Physician adoption and patient acceptance—biosimilar hesitance and educational gaps may slow uptake initially but tend to improve over time.
Pricing Environment
Historical Price Trends
Historically, biologic therapies command list prices ranging from $15,000 to $50,000 annually per patient. Biosimilar entries typically target a 15-30% discount to innovator prices, although actual discounts vary across markets and indications.
In the U.S., biosimilar introduction has typically reduced prices by 15-35% within the first two years post-launch, with further reductions as market penetration deepens. For example, Inflectra (biosimilar infliximab) was initially priced approximately 15% below the reference product, with continued price erosion over subsequent years.
Current Price Projections
Given the trends and competitive pressures, the projected average wholesale price (AWP) for NDC 68084-0988 is anticipated to fall within a 20-30% discount relative to the original biologic’s pricing, assuming rapid market acceptance.
- Short-term (0-2 years):
- Estimated price: $23,000 - $28,000 per treatment course, assuming baseline innovator prices of $30,000 - $40,000.
- Medium-term (3-5 years):
- Potential reductions to $18,000 - $22,000, driven by increased biosimilar competition and payer negotiations.
- Long-term (beyond 5 years):
- Prices could stabilize or fall further by 10-15%, especially if multiple biosimilars enter and drive competition.
Market Entry and Pricing Strategies
Key Factors Influencing Price and Market Penetration:
-
Manufacturing Economics:
High development and production costs necessitate premium pricing early. Cost efficiencies and scale-up can permit lower prices over time. -
Reimbursement Policies:
CMS and private insurers increasingly favor biosimilars, offering incentives for cost-effective alternatives, leading to more aggressive price competition. -
Market Access Initiatives:
Strategic collaborations with payers, value-based pricing models, and patient assistance programs will significantly influence pricing trajectories. -
Regulatory Incentives and Market Expansion:
Orphan drug designation or expedited pathways can enhance market exclusivity periods, allowing for higher initial pricing and prolonged revenue streams.
Regulatory and Market Risks
-
Patent Litigation:
Addressing patent challenges is pivotal; delays or legal hurdles can impact launch timing and pricing power. -
Market Acceptance:
Physician and patient acceptance, influenced by perceptions of biosimilarity safety and efficacy, impacts sales volumes and pricing. -
Pricing Regulation:
Policy shifts towards price regulation or international reference pricing could compress margins. -
Emerging Therapeutic Alternatives:
Convergence of innovative therapies with superior efficacy or safety profiles could diminish market share.
Future Outlook and Price Projection Summary
| Time Frame | Projected Price Range | Key Considerations |
|---|---|---|
| Short-term (0-2 years) | $23,000 - $28,000 | Launch phase, initial biosimilar competition, payer negotiations |
| Medium-term (3-5 years) | $18,000 - $22,000 | Increased biosimilar entries, price erosion, expanded indications |
| Long-term (beyond 5 years) | $15,000 - $20,000 | Market stabilization, increased competition, potential policy impacts |
Conclusions
The market for NDC 68084-0988 is poised for moderate growth driven by expanding indications, biosimilar competition, and increased global uptake of biologics. Pricing will trend downward as biosimilar penetration accelerates, with an initial discount of approximately 15-30% relative to originator biologics. Paramount to commercial success will be strategic pricing aligned with reimbursement landscapes, manufacturing efficiencies, and stakeholder engagement.
Stakeholders should monitor patent statuses, regulatory developments, and payer policies continuously to refine pricing and market positioning strategies.
Key Takeaways
- The biologic market’s growth and biosimilar proliferation will heavily influence the pricing landscape for NDC 68084-0988.
- Initial pricing will likely be set at a 15-30% discount compared to innovator biologics, with substantial reductions forecasted over five years.
- Competitive dynamics, regulatory environment, and physician acceptance are critical determinants of market share and profitability.
- Strategic investments in manufacturing efficiency and stakeholder engagement can enhance pricing flexibility and market penetration.
- Policymakers and healthcare payers will significantly impact the drug’s commercial trajectory through reimbursement and regulation policies.
FAQs
1. How does patent expiry influence pricing for NDC 68084-0988?
Patent expiry opens the market for biosimilars, increasing competition and typically leading to substantial price reductions—often between 15-30% initially—primarily affecting the drug’s revenue potential.
2. What factors could accelerate price decreases for this drug?
The entry of multiple biosimilars, payer-driven formulary decisions favoring cost savings, and regulatory pressures promoting biosimilar adoption can hasten price declines.
3. Are there opportunities for premium pricing?
Yes. If the drug demonstrates superior efficacy, safety, or novel delivery features, premium pricing may be justified, especially if used in orphan indications or with unique patent protections.
4. How do global markets impact the price?
Pricing strategies vary worldwide; emerging markets often see lower prices due to different reimbursement systems, while developed nations uphold higher prices, influencing global revenue structures.
5. What is the outlook for innovative therapeutic alternatives?
Emerging therapies with improved efficacy can threaten market share, pressuring prices downward and prompting early strategic adjustments.
Sources:
[1] EvaluatePharma. Biologics and Biosimilars Market Forecast.
[2] IQVIA. Global Biologics Market Trends.
[3] FDA. Biosimilar Approval and Market Entry Data.
[4] Centers for Medicare & Medicaid Services (CMS). Reimbursement Policies for Biosimilars.
[5] MarketWatch. Pharmaceutical Pricing and Competition Trends.
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