Understanding the National Drug Code (NDC)
The NDC 0777-3105 is associated with a specific formulation of the drug Prozac, a selective serotonin reuptake inhibitor (SSRI) used primarily for the treatment of depression, obsessive-compulsive disorder, and other mental health conditions. The NDC is a 10-digit or 11-digit code that identifies the labeler, product, and package size of the drug.
- Labeler Code: The first segment, "0777," identifies the labeler, which in this case is Dista Products Company, a subsidiary of Eli Lilly and Company[1][5].
- Product Code: The second segment, "3105," identifies the specific strength, dosage form (capsule), and formulation of the drug[1][5].
- Package Code: The third segment, "02," indicates the package size, which is a 100-count bottle of Prozac 20 mg capsules[1][5].
Market Context
The pharmaceutical market, particularly for drugs like Prozac, is influenced by several factors including regulatory approvals, competition from generics, and advancements in treatment modalities.
Market Size and Growth
The US pharmaceutical market is projected to grow significantly, from $846.72 billion in 2022 to $1.28 trillion by 2030, with a Compound Annual Growth Rate (CAGR) of 5.36%[4]. This growth is driven by increasing R&D investments, rising approvals of generic drugs, and the adoption of AI-based tools for drug discovery.
Competitive Landscape
Prozac, being a well-established brand, faces competition from generic versions of fluoxetine, its active ingredient. Despite this, brand loyalty and the reputation of Eli Lilly and Company help maintain market share.
Price Projections
Price projections for drugs like Prozac can be influenced by various factors including production costs, market demand, regulatory changes, and competition.
Current Pricing
As of recent data, the pricing for Prozac can vary based on the package size and the vendor. However, specific pricing data for NDC 0777-3105 is not readily available in the public domain. Generally, prices for prescription medications can fluctuate based on market conditions and regulatory changes.
Historical Pricing Trends
For similar drugs, historical pricing trends can provide some insight. For example, prices for prescription medications have generally increased over the years due to inflation, R&D costs, and other market factors. However, the introduction of generic alternatives can lead to price reductions for the brand-name drug.
Future Pricing Projections
Given the overall growth of the pharmaceutical market and the increasing competition from generics, the price of Prozac (NDC 0777-3105) might experience some stability or slight decreases. Here are a few factors to consider:
- Generic Competition: The presence of generic fluoxetine can put downward pressure on the price of brand-name Prozac.
- Regulatory Changes: Any changes in regulatory policies or reimbursement rates by insurance companies can impact pricing.
- Market Demand: Continued demand for SSRIs in the treatment of mental health disorders will support the pricing, but at a stable or slightly reduced level.
Impact of AI and Technology
The pharmaceutical industry is increasingly adopting AI and digital tools to optimize various aspects of drug development and supply chain management. While this does not directly impact the pricing of existing drugs like Prozac, it can lead to more efficient production and distribution, potentially stabilizing or reducing costs over time.
Supply Chain and Manufacturing
Pharmaceutical companies are focusing on optimizing their supply chains and building resilience using technology, including AI. This can lead to more stable and efficient supply chains, which might indirectly affect pricing by reducing production and distribution costs[3].
Key Takeaways
- NDC Understanding: The NDC 0777-3105 identifies a specific formulation and package size of Prozac.
- Market Growth: The US pharmaceutical market is expected to grow significantly, driven by R&D investments and AI adoption.
- Price Projections: Prices for Prozac may remain stable or experience slight reductions due to generic competition and regulatory changes.
- Technological Impact: AI and digital tools are expected to improve efficiency in drug development and supply chain management.
FAQs
What is the NDC 0777-3105 associated with?
The NDC 0777-3105 is associated with a 100-count bottle of Prozac 20 mg capsules.
Where can I find the NDC number for a drug?
The NDC number can be found on the label or packaging of the drug, and it is also available in the FDA's searchable database[1][5].
How does generic competition affect the price of Prozac?
Generic competition can lead to downward pressure on the price of brand-name Prozac as generic versions of fluoxetine become available.
What role does AI play in the pharmaceutical industry?
AI is being used to optimize drug development, reduce costs, and improve supply chain resilience in the pharmaceutical industry[3][4].
What are the key factors influencing the price of prescription medications?
Key factors include production costs, market demand, regulatory changes, and competition from generic alternatives.
