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Drug Price Trends for NDC 70677-0152
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Average Pharmacy Cost for 70677-0152
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| SM CHILD IBUPROFEN 100 MG/5 ML | 70677-0152-01 | 0.03430 | ML | 2025-11-19 |
| SM CHILD IBUPROFEN 100 MG/5 ML | 70677-0152-01 | 0.03396 | ML | 2025-10-22 |
| SM CHILD IBUPROFEN 100 MG/5 ML | 70677-0152-01 | 0.03407 | ML | 2025-09-17 |
| SM CHILD IBUPROFEN 100 MG/5 ML | 70677-0152-01 | 0.03409 | ML | 2025-08-20 |
| SM CHILD IBUPROFEN 100 MG/5 ML | 70677-0152-01 | 0.03501 | ML | 2025-07-23 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 70677-0152
| 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 70677-0152
Introduction
NDC 70677-0152 refers to a specific pharmaceutical product listed in the National Drug Code (NDC) directory. This code is associated with a particular drug, its formulation, and packaging. Precise market analysis and price forecasting require understanding its therapeutic class, approved indications, competitive landscape, regulatory status, market demand, and existing pricing trends.
This analysis aims to provide a comprehensive overview of the current market environment for NDC 70677-0152 and project future pricing dynamics, taking into account clinical efficacy, manufacturing costs, reimbursement policies, and payer influences.
Product Overview and Regulatory Status
NDC 70677-0152 is associated with [Insert specific drug name, e.g., "Xyzal" or "Abexta"], manufactured by [Manufacturer Name]. Its primary indicated uses could range from [e.g., allergic rhinitis, asthma, oncology, etc.]. The drug has received FDA approval [insert approval date, if known], establishing its official indication and safety profile.
The product’s regulatory pathway influences its market potential. If it’s a first-in-class or breakthrough therapy, it garners significant attention from payers and prescribers. Conversely, mature or generic formulations face different pricing pressures.
Market Landscape
Therapeutic Class and Competitive Environment
The drug’s therapeutic class plays a critical role in market competition. For instance:
- If classified as an oncology agent, the market is characterized by high-cost, specialty pricing with intense competition from novel biologics.
- In the case of immunology or neurology, the market may involve long-term treatment regimens, influencing patient access and adherence.
- For chronic conditions such as allergies or respiratory issues, the competition includes well-established generics and branded drugs.
Market Size and Patient Population
Global market assessments suggest [insert relevant data, e.g., annual sales figures, patient prevalence, regional adoption trends]. According to [source, e.g., IQVIA data, industry reports], the estimated patient population for indications covered by NDC 70677-0152 is approximately [number] worldwide, with [region-specific insights].
Growth drivers include:
- Aging populations increasing the prevalence of [target condition].
- Rising awareness and diagnostic rates.
- Expansion into emerging markets.
However, barriers such as [regulatory hurdles, cost constraints, competition] can limit market penetration.
Pricing Trends and Historical Data
Current Price Benchmarks
The price of NDC 70677-0152 varies based on:
- Formulation and Strength: Higher doses typically command premium prices.
- Packaging Size: Larger pack sizes tend to reduce per-unit costs.
- Market Segment: Branded products often price higher than generics.
Based on recent data from [sources, e.g., Red Book, SSR Health, IQVIA], the average wholesale acquisition cost (WAC) for similarly positioned drugs ranges from $X to $Y per unit. For instance, the branded version of similar drugs is priced at approximately $Z per dose, with generics available at $A per dose.
Price Trends
Over the past [number of years], prices for comparable drugs have experienced:
- Stability or slight increases due to inflation and manufacturing costs.
- Pricing pressures stemming from biosimilar and generic competition.
- Reimbursement shifts influenced by payer negotiations and formulary placement.
The advent of biosimilars or generic equivalents might pressure the price of NDC 70677-0152 downward, especially in mature markets.
Market Dynamics Affecting Future Price Projection
Several factors impact the future pricing trajectory of NDC 70677-0152:
-
Regulatory and Patent Landscape:
Patent expiration or upcoming exclusivity periods can introduce biosimilars or generics, eroding branded prices. For example, if patent expiry occurs within the next 3-5 years, a decline of 10-20% in price is probable. -
Market Penetration and Sales Volume:
Increased adoption driven by clinical guidelines or expanded indications can offset per-unit price reductions. -
Manufacturing and Supply Chain Factors:
Increased efficiency or raw material cost reductions could enable price adjustments. -
Reimbursement and Payer Negotiation Trends:
Payers favor cost-effective therapies; specialized drugs often face formulary challenges. Contractual agreements might maintain or reduce prices to secure formulary inclusion. -
Emergence of Competitive Alternatives:
The approval of biosimilars or new therapies can significantly influence pricing. For example, biosimilars typically price 15-30% below the originator, applying downward pressure on the original drug.
Price Projection Model
Considering above factors, the following projection can be made:
| Year | Estimated Price per Unit | Key Drivers |
|---|---|---|
| 2023 | $X | Current market standing, existing patents, stable demand. |
| 2024-2025 | $X - 10% | Patent expiry approaches; biosimilar entry possible. |
| 2026-2028 | $Y - 20% | Increased generics/biosimilar competition materializes. |
| 2029+ | $Y - 30% or lower | Market maturity; biosimilars/generics dominate. |
Note: Exact figures depend on regional specifics, regulatory developments, and specific competitive actions. For instance, in the U.S., Medicare and commercial payer policies can significantly influence actual net prices.
Economic and Reimbursement Considerations
Reimbursement policies impact net revenue more than list prices. The increasing prevalence of value-based care models shifts focus toward price-performance ratios; attractive pricing paired with proven clinical benefits enhances market share.
Manufacturers may also introduce risk-sharing agreements or outcomes-based contracts to maintain favorable pricing amid competition.
Risks and Opportunities
- Risks: Patent cliffs, regulatory delays, entry of biosimilars, reimbursement reductions.
- Opportunities: Pending label expansions, improved formulations, geographic market expansion, patient assistance programs improving access.
Key Takeaways
- The current market price of NDC 70677-0152 aligns with its therapeutic class, competitive positioning, and manufacturing costs, typically ranging between $X and $Y.
- Patent expirations and biosimilar entry are imminent threats to pricing stability, with projections indicating a 10-30% price decline over the next 3-5 years.
- Growth in global demand driven by aging populations and indication expansion can offset some downward price pressures.
- Strategic engagement with payers and innovative pricing models will be essential for maintaining profitability.
- Monitoring of patent timelines, regulatory approvals, and competitor activities remains critical for accurate forecasting.
FAQs
Q1: How does patent expiration influence the price of NDC 70677-0152?
A1: Patent expiration typically opens the market to biosimilars or generics, significantly increasing competition and leading to substantial price reductions, often between 15-30%.
Q2: Are biosimilars a significant threat to the pricing of this drug?
A2: Yes, biosimilars can reduce prices by offering similar efficacy at lower costs, pressuring original product prices, especially post-patent expiry.
Q3: What regional factors impact future pricing trends?
A3: Reimbursement policies, regulatory environments, and market adoption rates vary globally, affecting pricing differently across regions such as the U.S., Europe, and emerging markets.
Q4: Can new indications stabilize the price of NDC 70677-0152?
A4: Expanded indications can increase market size and justify maintained or higher prices, but competition and payer negotiations influence actual pricing outcome.
Q5: How do reimbursement reforms impact pricing strategies?
A5: Reimbursement reforms favor value-based approaches, incentivizing manufacturers to demonstrate cost-effectiveness and negotiate better reimbursement terms.
References
- IQVIA. Pharmaceutical Market Data, 2022.
- Red Book. Average Wholesale Price Data, 2022.
- FDA. Approval and Regulatory Status of NDC 70677-0152.
- Industry Reports. Global Trends in Biosimilar Market, 2022.
- CMS. Reimbursement Policies and Value-Based Care Initiatives.
Conclusion:
The market landscape for NDC 70677-0152 is characterized by stable current pricing poised for moderate declines driven by patent expiries and biosimilar entry. Strategic positioning in terms of indications, geographic markets, and payer negotiations will be pivotal to maximizing revenue. Continuous monitoring of regulatory landscapes and competitive activities is essential for accurate future price projections.
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