Drug Price Trends for NDC 33342-0031

Average Pharmacy Cost for 33342-0031

Drug Name	NDC	Price/Unit ($)	Unit	Date
PRAMIPEXOLE 0.125 MG TABLET	33342-0031-15	0.04654	EACH	2025-04-23
PRAMIPEXOLE 0.125 MG TABLET	33342-0031-10	0.04654	EACH	2025-04-23
PRAMIPEXOLE 0.125 MG TABLET	33342-0031-15	0.04610	EACH	2025-03-19

Best Wholesale Price for NDC 33342-0031

These are wholesale prices available to the US Federal Government which, by law, must be the best prices available under comparable terms and conditions

Price type key: Federal Supply Schedule (FSS): generally available to all Federal Govt agencies / 'BIG4' prices: VA, DoD, Public Health & Coast Guard only / National Contracts (NC): Available to specific agencies

Drug Name	Vendor	NDC	Count	Price ($)	Price/Unit ($)	Dates	Price Type
No data available in table

Market Analysis and Price Projections for the Drug NDC: 33342-0031

Understanding the National Drug Code (NDC)

To conduct a market analysis and make price projections for the drug identified by the NDC 33342-0031, it is essential to first understand what an NDC is and its components. The National Drug Code (NDC) is a unique, three-segment number that serves as a universal product identifier for human drugs in the U.S. It includes the labeler code, product code, and package code[4].

Identifying the Drug

NDC Directory

To analyze the market and project prices for the drug with NDC 33342-0031, you need to identify the drug itself. The FDA's National Drug Code Directory contains information about finished drug products, including prescription and over-the-counter drugs. You can use this directory to look up the drug associated with the NDC 33342-0031[4].

Drug Information

Once identified, gather detailed information about the drug, including its active ingredients, strength, dosage form, and package sizes. For example, if the NDC 33342-0031 corresponds to a specific prescription drug like Perphenazine, you would note that it is an antipsychotic medication used to treat schizophrenia and other mental health conditions.

Market Analysis

Market Demand

• Patient Population: Understand the target patient population for the drug. This includes the prevalence of the condition the drug treats and the demographic characteristics of the patients. For instance, if the drug treats a chronic condition with a growing patient population, demand is likely to increase[1].

• Competitive Landscape: Analyze the competitive landscape by identifying other drugs in the same therapeutic class. Compare their market share, pricing strategies, and any recent market trends. If there are few competitors in the same therapeutic class, the drug may maintain a strong market position[1].

Pricing Strategies

• Historical Pricing: Review historical pricing data for the drug to identify any trends or changes over time. Historical data might show stable pricing over the past few years, but with slight increases due to inflation[1].

• Competitor Pricing: Compare the prices of similar drugs in the market to determine if the drug is competitively priced. The median price increase for brand name drugs was 13.4% in 2022, which could serve as a benchmark for future price adjustments[5].

• Regulatory Environment: Consider any regulatory changes or updates that could impact pricing, such as changes in reimbursement policies or new FDA regulations. For example, policies like the Prescription Drug Price Transparency Act in Oregon require manufacturers to report price increases and new high-cost drugs, which can influence pricing strategies[2].

Market Trends

Generic and Biosimilar Competition

If the drug has generic or biosimilar competitors, assess their impact on market share and pricing. For instance, if a biosimilar product is introduced with an initial wholesale acquisition cost that is not at least 15% lower than the reference biological product, it may not significantly impact the market share of the original drug[3].

Innovation and R&D

Evaluate any recent innovations or research and development activities that could influence the drug's market position and pricing. New formulations or indications can increase demand and justify higher pricing[1].

Price Projections

Forecasting Models

• Regression Analysis: Use historical data to build regression models that predict future prices based on past trends and market conditions. For example, if historical data shows a consistent annual increase of 2-3% due to inflation, this trend can be projected into the future[1].

• Time Series Analysis: Employ time series analysis to forecast prices by identifying patterns and cycles in historical data. This can help in predicting seasonal variations in demand and pricing[1].

External Factors

• Economic Conditions: Consider the broader economic conditions, such as inflation rates and healthcare spending trends, which can influence drug pricing. Economic downturns or changes in healthcare policies can impact consumer spending and reimbursement rates[1].

• Policy Changes: Anticipate any upcoming policy changes, such as changes in Medicare or Medicaid reimbursement rates, that could affect the drug's pricing. For example, the creation of a Prescription Drug Affordability Board and the implementation of an "upper payment limit" for certain drugs can significantly impact pricing strategies[2].

Scenario Analysis

• Best-Case Scenario: Project prices under optimal market conditions, such as high demand and limited competition. This scenario assumes that the drug maintains its market share and pricing power.

• Worst-Case Scenario: Project prices under adverse market conditions, such as intense competition or regulatory challenges. This scenario assumes significant competition from generics or biosimilars and stringent regulatory oversight.

• Base-Case Scenario: Project prices based on current market conditions and trends. This scenario is a balanced view, considering both positive and negative factors affecting the drug's pricing.

Example: Analyzing NDC 33342-0031

Assuming the NDC 33342-0031 corresponds to a specific prescription drug:

Market Demand Analysis

• If the drug treats a chronic condition with a growing patient population, demand is likely to increase.
• If there are few competitors in the same therapeutic class, the drug may maintain a strong market position.

Pricing Analysis

• Historical data might show stable pricing over the past few years, but with a slight increase due to inflation.
• Competitor analysis reveals that similar drugs are priced within a narrow range, suggesting a competitive pricing strategy.

Price Projections

• Using regression analysis, the forecasted price for the next year might show a modest increase of 2-3% due to inflation and stable demand.
• Time series analysis could indicate a seasonal pattern where prices slightly increase during certain quarters due to higher demand.

Regulatory Compliance

Staying updated with FDA regulations and Medicaid/Medicare policies is essential for maintaining market position and compliance. For instance, the FDA's National Drug Code Directory and state-level transparency programs like Oregon's Drug Price Transparency Program provide critical information and regulatory oversight that can impact pricing strategies[2][4].

Key Takeaways

• Market Analysis: Understanding the competitive landscape, market trends, and patient population is crucial for accurate price projections.
• Pricing Strategies: Historical pricing, competitor pricing, and regulatory environment play significant roles in determining the drug's price.
• Forecasting Models: Using regression and time series analysis can help in predicting future prices based on past data.
• Regulatory Compliance: Staying updated with FDA regulations and Medicaid/Medicare policies is essential for maintaining market position and compliance.

FAQs

Q: What is the National Drug Code (NDC) and how is it used? A: The National Drug Code (NDC) is a unique, three-segment number that serves as a universal product identifier for human drugs in the U.S. It includes the labeler code, product code, and package code, and is used to identify and track drugs in the market[4].

Q: How do you analyze the market demand for a drug? A: Analyzing market demand involves understanding the target patient population, the prevalence of the condition the drug treats, and the demographic characteristics of the patients. It also includes assessing the competitive landscape and identifying other drugs in the same therapeutic class[1].

Q: What role does historical pricing play in price projections? A: Historical pricing data helps in identifying trends or changes over time, which can be used to predict future prices. It also provides a benchmark for comparing current and future pricing strategies[1].

Q: How do regulatory changes impact drug pricing? A: Regulatory changes, such as changes in reimbursement policies or new FDA regulations, can significantly impact drug pricing. For example, state-level transparency programs and federal policies like the Inflation Reduction Act can influence pricing strategies and market conditions[2].

Q: What is the importance of scenario analysis in price projections? A: Scenario analysis helps in projecting prices under different market conditions, such as best-case, worst-case, and base-case scenarios. This provides a comprehensive view of potential future pricing outcomes and helps in making informed decisions[1].