Market Analysis and Price Projections for NDC: 00713-0683
Overview of NDC: 00713-0683
The National Drug Code (NDC) 00713-0683 corresponds to Gentamicin Sulfate, a medication manufactured by Cosette Pharmaceuticals, Inc. Gentamicin Sulfate is an antibiotic used to treat various bacterial infections.
Market Context
To analyze the market and price projections for Gentamicin Sulfate (NDC: 00713-0683), it is essential to consider several factors, including the broader pharmaceutical market trends, the specific therapeutic class, and the dynamics of antibiotic pricing.
Pharmaceutical Market Trends
Biopharma and Biotech Growth
The biopharmaceutical and biotechnology sectors are experiencing significant growth, driven by advancements in technology, evolving regulatory frameworks, and a shift towards patient-centered care. However, these trends primarily impact innovative and high-value therapies rather than generic or established antibiotics like Gentamicin Sulfate[3].
Pricing Dynamics
Historically, antibiotic prices have been subject to various factors, including production costs, market demand, and regulatory pressures. The pricing of antibiotics can be volatile, with some experiencing extraordinary price increases due to factors such as supply chain disruptions, patent protections, and market competition[2].
Therapeutic Class and Market Position
Antibiotics Market
The antibiotics market is characterized by a mix of branded and generic products. Gentamicin Sulfate, being a generic antibiotic, is likely to face competition from other generic versions. The market for antibiotics is generally price-sensitive, with prices often being driven by the lowest-cost provider.
Specific Market Analysis for Gentamicin Sulfate
Gentamicin Sulfate is widely used and has multiple manufacturers, which typically keeps prices stable and competitive. The presence of multiple generic versions reduces the likelihood of significant price increases.
Price Projections
Current Pricing
As of the latest available data, the pricing for Gentamicin Sulfate is generally stable. The average wholesale price (AWP) for antibiotics like Gentamicin Sulfate tends to be relatively low compared to other therapeutic classes.
Future Projections
Given the competitive nature of the antibiotics market and the generic status of Gentamicin Sulfate, it is unlikely that the price will experience significant increases. Here are some key points to consider:
- Stable Demand: The demand for Gentamicin Sulfate is likely to remain stable due to its widespread use in treating bacterial infections.
- Competition: The presence of multiple generic manufacturers will continue to keep prices competitive.
- Regulatory Environment: Any changes in regulatory policies could impact pricing, but this is less likely for established generic antibiotics.
Illustrative Statistics
While specific price projections for NDC: 00713-0683 are not available, we can look at broader trends:
- Brand-name drug products that had extraordinary price increases were mostly in therapeutic classes other than antibiotics. For instance, central nervous system agents and anti-infective agents (excluding antibiotics) saw more significant price increases[2].
- Generic antibiotics, including those like Gentamicin Sulfate, tend to have stable prices due to market competition.
Conclusion
The market analysis and price projections for Gentamicin Sulfate (NDC: 00713-0683) suggest that the price is likely to remain stable and competitive. Here are the key takeaways:
- Stable Pricing: The price of Gentamicin Sulfate is expected to remain stable due to market competition and the generic nature of the drug.
- Competitive Market: The presence of multiple manufacturers ensures that the market remains competitive, keeping prices low.
- Regulatory Stability: Absent significant regulatory changes, the pricing environment for Gentamicin Sulfate is expected to remain stable.
Key Takeaways
- Market Stability: The antibiotics market, particularly for generic drugs like Gentamicin Sulfate, is expected to remain stable.
- Competitive Pricing: Multiple generic manufacturers ensure competitive pricing.
- Regulatory Impact: Any significant regulatory changes could impact pricing, but this is less likely for established generic antibiotics.
FAQs
Q: What is the National Drug Code (NDC) and how is it used?
A: The NDC is a unique, 3-segment numeric identifier assigned to each medication listed under Section 510 of the U.S. Federal Food, Drug, and Cosmetic Act. It is used for billing and tracking purposes[1].
Q: How does the pricing of generic antibiotics like Gentamicin Sulfate compare to branded drugs?
A: Generic antibiotics typically have lower and more stable prices compared to branded drugs due to market competition and the absence of patent protections.
Q: What factors can lead to price increases in the pharmaceutical market?
A: Factors such as supply chain disruptions, patent protections, market competition, and regulatory changes can lead to price increases in the pharmaceutical market[2].
Q: How does the biopharma and biotech market growth impact the pricing of established antibiotics?
A: The growth in the biopharma and biotech sectors primarily affects innovative and high-value therapies, not established generic antibiotics like Gentamicin Sulfate[3].
Q: What is the expected demand for Gentamicin Sulfate in the future?
A: The demand for Gentamicin Sulfate is expected to remain stable due to its widespread use in treating bacterial infections.
Sources
- Billing with National Drug Codes (NDCs) Frequently Asked Questions - BCBSIL
- GAO-10-201 Brand-Name Prescription Drug Pricing - GAO
- 5 Predictions for the Biopharma and Biotech Industries in 2025 - TFS CRO
- NSCLC MARKET - Global Drug Forecast & Market Analysis to 2025 - Drug Development
- Cosette Pharmaceuticals, Inc. - List of Drugs - NDC Labeler - FindACode
