Understanding the NDC Code
The National Drug Code (NDC) is a unique identifier assigned to each drug product, facilitating tracking and analysis of market trends. The NDC 16714-0121 corresponds to a specific formulation of a drug, in this case, a combination product containing dextroamphetamine saccharate, amphetamine aspartate, dextroamphetamine sulfate, and amphetamine sulfate[1].
Drug Profile
The drug identified by NDC 16714-0121 is a single-entity amphetamine product, combining the neutral sulfate salts of dextroamphetamine and amphetamine, along with the dextro isomer of amphetamine saccharate. This medication is classified as a Schedule CII controlled substance, indicating its potential for abuse and dependence[1].
Current Pricing
To analyze the current pricing of the drug with NDC 16714-0121, one must refer to the latest data from sources such as the FDA's National Drug Code Directory or market analytics databases. As of the latest updates, specific pricing details for this NDC are not provided in the public domain, but prices can be obtained from pharmacy benefit managers, insurance companies, or directly from the manufacturer or packager, NorthStar RxLLC[1][5].
Historical Price Changes
Historical price changes for this drug can offer insights into pricing patterns. Drugs in the pharmaceutical market, especially those with limited competition, often experience price increases, particularly in January and July. These increases can be significant, with an average rise of around $150 per drug, although this can vary based on market conditions and regulatory changes[4].
Market Demand and Competition
The market demand for this drug is influenced by its therapeutic use and the availability of alternative treatments. As a medication for conditions such as ADHD and narcolepsy, it has a dedicated market. However, the presence of generic alternatives and other branded products can impact its pricing strategy. If the drug has limited competitors, it may have more room for price increases[4].
Regulatory Environment
Regulatory changes can significantly affect drug pricing. For instance, policies aimed at controlling price increases or promoting generic alternatives can impact the pricing strategy for this drug. The pharmaceutical industry is also subject to broader regulatory trends, such as those related to patient-centered care, precision medicine, and the use of AI/ML technologies, which can influence pricing and market dynamics[3][4].
Price Projections
Short-Term Projections
Given historical trends, it is likely that the drug with NDC 16714-0121 could experience price increases in January and July. These increases are often aligned with industry-wide practices and can be influenced by factors such as production costs, market demand, and regulatory changes. The average increase could be around $150 per drug, although this can vary based on specific market conditions[4].
Long-Term Projections
Long-term price projections need to consider broader market trends, including the growth of the biopharma and biotech industries, international price comparisons, and regulatory changes. If this drug is part of a segment seeing significant innovation and demand, such as treatments for ADHD or narcolepsy, it may continue to see price increases above the general inflation rate.
Industry Trends
The pharmaceutical industry is undergoing significant transformations, with a focus on prevention, personalization, prediction, and point of care. These trends are expected to shape the future of pharma, including how drugs are priced and delivered. The use of data-driven, customized treatments and early intervention strategies could impact the demand and pricing of drugs like those identified by NDC 16714-0121[3].
International Comparisons
U.S. drug prices are often significantly higher than in other countries. This disparity can influence pricing strategies, especially if there are regulatory or policy changes aimed at aligning U.S. prices with international standards. However, the unique regulatory and market environment in the U.S. often results in higher prices compared to other regions[4].
Key Takeaways
- NDC Understanding: The NDC is crucial for tracking and analyzing market trends for specific drug products.
- Historical Price Changes: Significant price increases often occur in January and July.
- Market Demand and Competition: The presence of competitors and the therapeutic use of the drug influence its pricing.
- Regulatory Impact: Changes in regulations can significantly affect drug pricing strategies.
- Industry Trends: The biopharma and biotech industries are rapidly evolving, impacting drug pricing and availability.
FAQs
Q: What is the NDC code, and why is it important?
A: The National Drug Code (NDC) is a unique identifier for each drug product, facilitating tracking and analysis of market trends. It is crucial for ensuring the correct drug is prescribed and dispensed.
Q: How often do price increases occur for drugs like NDC 16714-0121?
A: Price increases for drugs often occur in January and July, with an average increase of around $150 per drug, although this can vary based on market conditions.
Q: What factors influence the pricing of drugs in the pharmaceutical market?
A: Pricing is influenced by factors such as market demand, competition, regulatory changes, and broader industry trends like the focus on prevention, personalization, and precision medicine.
Q: How do regulatory changes impact drug pricing?
A: Regulatory changes, such as policies aimed at controlling price increases or promoting generic alternatives, can significantly affect the pricing strategy for drugs.
Q: What are the broader industry trends that could impact the pricing of NDC 16714-0121?
A: Trends such as the focus on prevention, personalization, prediction, and point of care, along with the use of AI/ML technologies and shifts in regulatory frameworks, can influence the pricing and availability of drugs.
Sources
- DailyMed: DEXTROAMPHETAMINE SACCHARATE, AMPHETAMINE ASPARTATE, DEXTROAMPHETAMINE SULFATE AND AMPHETAMINE SULFATE tablet.
- Missouri Specialty MAC: MISSOURI SPECIALTY MAC NAME OF DRUG Strength NDC Price Effective January 1, 2023.
- PwC: Pharma industry trends: PwC.
- DrugPatentWatch: Latest drug prices and trends for NDC 67457-0212.
- FDA: National Drug Code Directory - FDA.
