Market Analysis and Price Projections for the Drug NDC: 00832-1670
Understanding the NDC Code
The National Drug Code (NDC) 00832-1670 is associated with the drug Fluvoxamine Maleate, specifically the 25 mg tablet formulation. The NDC code is a unique 10-digit, 3-segment numerical code that identifies the labeler, product, and trade package size of the drug[4].
Drug Overview
Fluvoxamine Maleate is an antidepressant medication belonging to the class of selective serotonin reuptake inhibitors (SSRIs). It is commonly used to treat obsessive-compulsive disorder (OCD), social anxiety disorder, and other depressive disorders.
Current Pricing
As of the latest data, the price per unit for Fluvoxamine Maleate 25 mg tablets with the NDC 00832-1670 is approximately $0.17324 per tablet[2].
Pricing Trends
Historical Pricing
Reviewing historical data, the prices for Fluvoxamine Maleate 25 mg tablets have shown relatively stable trends. For instance, the price per unit has fluctuated slightly over the past year, ranging from $0.17324 to similar values, indicating a stable market price[2].
Comparative Pricing
When compared to other formulations of Fluvoxamine Maleate, such as the 50 mg and 100 mg tablets, the 25 mg tablets generally have a lower price per unit. This is consistent with the typical pricing structure where lower dosages often have lower costs per unit[2].
Market Analysis
Global Pricing Disparities
The U.S. market for prescription drugs, including Fluvoxamine Maleate, is characterized by significantly higher prices compared to other countries. According to ASPE, prices in the U.S. are 5.5 times those in the OECD (excluding the U.S.) and 7.7 times those in the rest of the world (excluding the U.S.)[3].
Volume and Sales Revenue
The prescription drug market, including Fluvoxamine Maleate, has seen growth in both sales revenues and volumes over the past few years. However, the U.S. market has experienced an outlier growth in sales revenues compared to volume growth, indicating a rise in average prices per unit[3].
Price Projections
Short-Term Projections
Given the stable pricing trends observed in recent years, it is likely that the price per unit for Fluvoxamine Maleate 25 mg tablets will remain relatively stable in the short term. Any significant changes would likely be driven by market demand, regulatory changes, or shifts in manufacturing costs.
Long-Term Projections
In the long term, several factors could influence price projections:
- Regulatory Changes: Changes in healthcare policies or regulations could impact pricing. For example, increased scrutiny on drug pricing or new rebate programs could lower prices.
- Market Competition: The entry of new generic or branded competitors could drive prices down.
- Inflation and Economic Factors: General economic conditions, such as inflation, could affect the pricing of pharmaceuticals.
Impact of Generic Competition
The presence of generic versions of Fluvoxamine Maleate can significantly impact pricing. Generic drugs typically offer lower prices, which can lead to a reduction in the market price of the branded version. However, the data suggests that the current prices for Fluvoxamine Maleate are already competitive, likely due to the presence of multiple generic manufacturers[2].
Conclusion
The market analysis and price projections for Fluvoxamine Maleate 25 mg tablets (NDC 00832-1670) indicate a stable pricing environment in the short term, with potential long-term influences from regulatory, competitive, and economic factors.
Key Takeaways
- Stable Pricing: Recent pricing trends for Fluvoxamine Maleate 25 mg tablets have been stable.
- Global Pricing Disparities: U.S. prices are significantly higher than those in other countries.
- Market Growth: The prescription drug market has seen growth in sales revenues and volumes.
- Regulatory and Competitive Factors: Long-term price projections are influenced by regulatory changes, market competition, and economic factors.
FAQs
What is the current price per unit for Fluvoxamine Maleate 25 mg tablets with NDC 00832-1670?
The current price per unit is approximately $0.17324 per tablet[2].
How does the pricing of Fluvoxamine Maleate in the U.S. compare to other countries?
Prices in the U.S. are 5.5 times those in the OECD (excluding the U.S.) and 7.7 times those in the rest of the world (excluding the U.S.)[3].
What factors could influence long-term price projections for Fluvoxamine Maleate?
Regulatory changes, market competition, and economic factors such as inflation could influence long-term price projections.
Is Fluvoxamine Maleate available in generic form?
Yes, Fluvoxamine Maleate is available in generic form, which can impact the pricing of the branded version[2].
How is the NDC code structured for Fluvoxamine Maleate?
The NDC code is a 10-digit, 3-segment code that includes the labeler code, product code, and package code[4].
Sources
- DrugPatentWatch - Pharmaceutical drug prices and trends for NDC 51672-1387.
- DrugPatentWatch - Pharmaceutical drug prices and trends for fluvoxamine maleate.
- ASPE - International Market Size and Prices.
- AAPC - NDC Code Lookup.
