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Last Updated: March 8, 2025

Drug Price Trends for NDC 00093-7273


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Average Pharmacy Cost for 00093-7273

Drug Name NDC Price/Unit ($) Unit Date
PIOGLITAZONE HCL 45 MG TABLET 00093-7273-56 0.12444 EACH 2025-02-19
PIOGLITAZONE HCL 45 MG TABLET 00093-7273-98 0.12444 EACH 2025-02-19
PIOGLITAZONE HCL 45 MG TABLET 00093-7273-05 0.12444 EACH 2025-02-19
PIOGLITAZONE HCL 45 MG TABLET 00093-7273-98 0.11374 EACH 2025-01-22
PIOGLITAZONE HCL 45 MG TABLET 00093-7273-56 0.11374 EACH 2025-01-22
>Drug Name >NDC >Price/Unit ($) >Unit >Date

Best Wholesale Price for NDC 00093-7273

These are wholesale prices available to the US Federal Government which, by law, must be the best prices available under comparable terms and conditions
Drug Name Vendor NDC Count Price ($) Price/Unit ($) Dates Price Type
PIOGLITAZONE HCL 45MG TAB AvKare, LLC 00093-7273-56 30 13.35 0.44500 2023-06-15 - 2028-06-14 FSS
>Drug Name >Vendor >NDC >Count >Price ($) >Price/Unit ($) >Dates >Price Type
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

Market Analysis and Price Projections for the Drug NDC: 00093-7273

Introduction to National Drug Codes (NDCs)

The National Drug Code (NDC) is a unique, three-segment number that serves as the FDA’s identifier for drugs. For the NDC 00093-7273, understanding the broader context of the pharmaceutical market and the specific mechanisms of pricing is crucial.

Understanding the NDC Directory

The FDA's NDC Directory is a comprehensive resource that contains information on all listed drugs in their final marketed form, including prescription, over-the-counter, approved, and unapproved drugs. This directory is updated daily and includes data elements such as the Drug Enforcement Administration schedule and pharmacological class[1][5].

Identifying the Drug

To analyze the market and project prices for the NDC 00093-7273, it is essential to identify the specific drug associated with this code. This involves checking the NDC Directory for details such as the drug name, its classification, and the labeler (manufacturer, repackager, or relabeler)[1].

Pricing Mechanisms in the Pharmaceutical Market

Average Manufacturer Price (AMP) and Unit Rebate Amount (URA)

For drugs covered under the Medicaid Drug Rebate Program, the 340B ceiling price is calculated by subtracting the Unit Rebate Amount (URA) from the Average Manufacturer Price (AMP) for the smallest unit of measure. This price is then adjusted by the package size and case pack size to determine the final ceiling price[2].

Example Calculation

If the NDC 00093-7273 corresponds to a drug covered under the Medicaid program, the ceiling price would be calculated as follows:

[ \text{340B Ceiling Price} = (\text{AMP} - \text{URA}) \times \text{Package Size} \times \text{Case Pack Size} ]

For instance, if the AMP is $100 per unit, the URA is $20 per unit, the package size is 10 units, and the case pack size is 5 packages:

[ \text{340B Ceiling Price} = (100 - 20) \times 10 \times 5 = \$4000 ]

Market Analysis

Market Size and Growth Projections

The US pharmaceutical market is projected to grow significantly, from $846.72 billion in 2022 to $1.28 trillion by 2030, with a CAGR of 5.36%. This growth is driven by factors such as rising pharmaceutical production capacity, greater approvals of generic drugs, and escalating R&D investments[2].

Market Demand and Competition

The demand for the drug and the level of competition in the market can significantly influence pricing strategies. For example, if the drug associated with NDC 00093-7273 is widely used and faces significant competition from generics or biosimilars, the price might be more stable or even decrease over time[2].

Technological Advancements

The adoption of AI and other technological advancements can reduce development and manufacturing costs, potentially leading to lower prices. Industry experts predict that the adoption of AI in standard operations in clinical development will double in 2025, which could impact pricing dynamics[3].

Historical Pricing Data

Reviewing historical pricing data from the NDC Directory and other sources can provide insights into price trends and potential future adjustments. This data helps in identifying patterns and predicting future price movements[2].

Regulatory Changes

Changes in regulatory policies, such as updates to the Medicaid Drug Rebate Program or new FDA guidelines, can impact pricing. For instance, changes in the FDA's approval process or new regulations on drug pricing could affect the market price of the drug[2].

Example: Pricing for a Specific NDC

If the NDC 00093-7273 corresponds to a drug that is widely used but faces significant competition, here is a hypothetical example:

  • AMP: $80 per unit
  • URA: $15 per unit
  • Package Size: 10 units
  • Case Pack Size: 5 packages

[ \text{340B Ceiling Price} = (80 - 15) \times 10 \times 5 = \$3250 ]

This calculation provides a baseline for the ceiling price, but actual market prices can vary based on various factors including market demand, competition, and regulatory changes.

Key Trends in the Pharmaceutical Market

Immunotherapies and Targeted Therapies

Immunotherapies and targeted therapies are driving significant growth in the pharmaceutical market. For example, in the NSCLC market, immunotherapies such as Keytruda, Opdivo, and Tecentriq are projected to achieve blockbuster status by 2025, with sales reaching $17.5 billion collectively[4].

Generic and Biosimilar Impact

The patent expiration of several blockbuster drugs and the increasing uptake of generics and biosimilars can impact the market dynamics. For instance, the sales of generic erlotinib and pemetrexed are expected to grow significantly as patents expire for their branded counterparts[4].

AI and Health Tech Trends

The pharmaceutical industry is increasingly adopting AI and other health technologies. This includes using large language models (LLMs) to retrieve information and produce reports that aid in decision-making. AI is expected to play a crucial role in reducing costs and improving efficiency in drug development and pricing strategies[3].

Key Takeaways

  • NDC Directory: A critical resource for tracking and pricing drugs, updated daily by the FDA.
  • Market Trends: The US pharmaceutical market is projected to grow significantly by 2030, driven by technological advancements and regulatory changes.
  • Pricing Mechanisms: AMP and URA are key in calculating ceiling prices for covered outpatient drugs.
  • Market Demand and Competition: These factors significantly influence pricing strategies.
  • Technological Advancements: AI adoption is expected to impact drug development and pricing.

FAQs

Q: What is the National Drug Code (NDC) and how is it used? A: The NDC is a unique, three-segment number that serves as the FDA’s identifier for drugs. It is used for tracking, pricing, and regulatory compliance of pharmaceutical products in the U.S. market[1][5].

Q: How are ceiling prices calculated for drugs under the Medicaid Drug Rebate Program? A: Ceiling prices are calculated by subtracting the Unit Rebate Amount (URA) from the Average Manufacturer Price (AMP) for the smallest unit of measure, then adjusting by package size and case pack size[2].

Q: What impact do technological advancements have on drug pricing? A: Technological advancements, such as AI, can reduce development and manufacturing costs, potentially leading to lower prices and improved efficiency in drug development[3].

Q: How does market competition affect drug pricing? A: Market competition, especially from generics and biosimilars, can lead to more stable or decreasing prices over time as companies compete for market share[2].

Q: What role does the FDA's NDC Directory play in market analysis? A: The NDC Directory provides comprehensive information on all listed drugs, including prescription, over-the-counter, approved, and unapproved drugs, which is essential for market analysis and pricing projections[1][5].

Sources

  1. FDA's National Drug Code Directory - FDA
  2. Market Analysis and Price Projections for Drugs: Understanding the NDC System - DrugPatentWatch
  3. 2025 Pharma Predictions: AI, Health Tech, and Data Trends to Watch - Intelligencia.ai
  4. NSCLC MARKET - Global Drug Forecast & Market Analysis to 2025 - Drug Development
  5. National Drug Code Database Background Information - FDA - FDA

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