Market Analysis and Price Projections for NDC 00904-7050: Fexofenadine Hydrochloride
Introduction
Fexofenadine Hydrochloride, identified by the National Drug Code (NDC) 00904-7050, is a medication manufactured and distributed by Major Pharmaceuticals. This article provides a comprehensive market analysis and price projections for this drug, considering various factors influencing the pharmaceutical industry.
Understanding NDC 00904-7050
What is Fexofenadine Hydrochloride?
Fexofenadine Hydrochloride is an antihistamine used to treat allergic reactions such as hay fever, hives, and itching. It is available in various formulations, including tablets and oral suspensions[1].
NDC Code Breakdown
The NDC code 00904-7050 is a unique identifier that breaks down into three segments:
- Labeler Code: 00904, which identifies Major Pharmaceuticals as the manufacturer or distributor.
- Product Code: Identifies the specific strength, dosage form, and formulation of Fexofenadine Hydrochloride.
- Package Code: Identifies the package size and type[5].
Market Trends in the Pharmaceutical Industry
Global Pharmaceutical Market Outlook
The global pharmaceutical market is projected to reach $1.7 trillion by 2030, with a growth rate of 7.7%. This growth is driven by a shift towards treating major diseases such as obesity, with GLP-1 obesity drugs expected to play a significant role[4].
Generic Drug Market
In the generic drug sector, where Fexofenadine Hydrochloride is classified, mid-single-digit percent annual price erosion is expected. However, there is also a forecast of modest revenue growth, which is an improvement from recent trends[3].
Price Dynamics of Generic Drugs
Historical Price Trends
Generic drugs, including Fexofenadine Hydrochloride, have experienced price fluctuations. For instance, brand-name drug products with extraordinary price increases often fall into specific therapeutic classes, such as central nervous system agents, anti-infective agents, and cardiovascular agents. However, generic drugs typically see more stable pricing due to competition[2].
Current Pricing
As of the latest data, Fexofenadine Hydrochloride, being a generic drug, is generally priced lower than its brand-name counterparts. The cost per unit for generic drugs is often under $25, which aligns with the broader market trends for generic medications[2].
Factors Influencing Price Projections
Competition and Market Dynamics
The generic drug market is highly competitive, which tends to keep prices stable or slightly decreasing over time. However, factors such as raw material costs, manufacturing efficiencies, and regulatory changes can influence pricing[3].
Regulatory Environment
Potential risks for the generic drug industry include price-fixing litigation and increased FDA inspections of foreign manufacturing facilities. These factors could impact the pricing and availability of Fexofenadine Hydrochloride[3].
Price Projections for NDC 00904-7050
Short-Term Projections
In the short term, prices for Fexofenadine Hydrochloride are likely to remain stable due to the competitive nature of the generic drug market. Any significant price changes would be driven by external factors such as changes in raw material costs or regulatory actions.
Long-Term Projections
Over the long term, the price of Fexofenadine Hydrochloride is expected to follow the broader trend of mid-single-digit percent annual price erosion. This erosion is balanced by modest revenue growth, ensuring that the drug remains competitively priced in the market[3].
Industry Expert Insights
"In the commodity-like generic drug industry, we expect mid-single-digit percent annual price erosion and a return to modest revenue growth, which is an improvement from trends in recent years." - S&P Global Ratings[3].
Statistical Overview
- Global Pharmaceutical Market: Projected to reach $1.7 trillion by 2030[4].
- Generic Drug Price Erosion: Mid-single-digit percent annual erosion expected[3].
- Revenue Growth: Modest growth anticipated in the generic drug sector[3].
Conclusion
The market analysis and price projections for Fexofenadine Hydrochloride (NDC 00904-7050) indicate a stable pricing environment in the short term, with potential for slight price erosion in the long term due to market competition and regulatory factors.
Key Takeaways
- Fexofenadine Hydrochloride is a generic antihistamine with a stable market presence.
- The global pharmaceutical market is growing, driven by treatments for major diseases.
- Generic drugs, including Fexofenadine Hydrochloride, are expected to experience mid-single-digit percent annual price erosion.
- Regulatory and competitive factors will influence pricing.
FAQs
What is the NDC code for Fexofenadine Hydrochloride?
The NDC code for Fexofenadine Hydrochloride manufactured by Major Pharmaceuticals is 00904-7050.
What is Fexofenadine Hydrochloride used for?
Fexofenadine Hydrochloride is used to treat allergic reactions such as hay fever, hives, and itching.
How does the NDC code break down?
The NDC code breaks down into three segments: the labeler code, product code, and package code.
What are the price trends for generic drugs like Fexofenadine Hydrochloride?
Generic drugs are expected to experience mid-single-digit percent annual price erosion, balanced by modest revenue growth.
What factors influence the price of Fexofenadine Hydrochloride?
Factors include competition, raw material costs, manufacturing efficiencies, and regulatory changes.
What is the projected growth rate of the global pharmaceutical market?
The global pharmaceutical market is projected to grow at a rate of 7.7% to reach $1.7 trillion by 2030.
Sources
- FindACode: Major Pharmaceuticals - List of Drugs - NDC Labeler/Manufacturer.
- GAO: Brand-Name Prescription Drug Pricing.
- S&P Global: Pharmaceutical Industry 2024 Credit Outlook Is Stable As Revenue Growth Mitigates Pressures.
- Evaluate: Evaluate Releases 2030 Forecasts for Global Pharmaceutical Market.
- AAPC: NDC Code Lookup - CPT/HCPCS Cross-Reference.
