Market Analysis and Price Projections for the Drug NDC: 46122-370
Introduction to NDC 46122-370
The drug with the National Drug Code (NDC) 46122-370 is identified as "Pain Relief Extra Strength," a generic acetaminophen product distributed by AmerisourceBergen under the labeler name Good Neighbor Pharmacy. Here, we will delve into the market analysis and price projections for this over-the-counter (OTC) medication.
Market Context: OTC Drugs
OTC drugs like acetaminophen are widely used and have a stable market demand. The OTC drug market is less volatile compared to prescription drugs, as these products are not subject to the same level of regulatory scrutiny and are often less expensive[5].
Current Market Trends
Drug Price Inflation
The overall pharmaceutical market is experiencing a rise in drug prices, with Vizient Inc. projecting a 3.8% increase in drug price inflation, driven largely by specialty pharmaceuticals. However, this trend is more pronounced in the specialty pharmacy segment rather than in the OTC market[4].
Generic and OTC Market Stability
Generic and OTC drugs generally have more stable pricing due to higher competition and lower development costs. The market for acetaminophen, being a well-established OTC medication, is less likely to see significant price fluctuations compared to newer or specialty drugs.
Price Projections for NDC 46122-370
Historical Pricing
The product was marketed from May 31, 2016, to December 31, 2020. During this period, the pricing would have been relatively stable, given the nature of OTC drugs.
Current and Future Pricing
Given the stable demand and competitive nature of the OTC market, it is unlikely that the price of Pain Relief Extra Strength (NDC 46122-370) will see significant increases. Here are a few factors to consider:
- Competition: The acetaminophen market is highly competitive, which tends to keep prices stable.
- Regulatory Environment: OTC drugs are subject to less stringent regulatory changes, which reduces the likelihood of sudden price hikes.
- Market Demand: The demand for pain relief medications remains consistent, which supports stable pricing.
Impact of Broader Pharmaceutical Trends
Specialty Pharmaceuticals
While specialty pharmaceuticals are driving a significant portion of the projected 3.8% drug price inflation, this trend is not expected to impact the pricing of OTC medications like acetaminophen[4].
Biosimilars and Generic Competition
The growth of biosimilars and generic drugs can influence the overall pharmaceutical market, but for OTC drugs like acetaminophen, the impact is minimal since these products are already generic and widely available.
Regulatory Considerations
NDC and Drug Listing
The NDC system ensures that each drug product, including OTC medications, is uniquely identified. This system helps in tracking and managing drug products, but it does not directly influence pricing[5].
Medicaid and Rebate Programs
While Medicaid rebate programs and best price calculations can affect the pricing strategies of pharmaceutical companies, these programs are more relevant to prescription drugs and less so to OTC medications like acetaminophen[2].
Conclusion
Given the stable nature of the OTC market, the competitive landscape, and the lack of significant regulatory changes affecting OTC drugs, it is reasonable to expect that the price of Pain Relief Extra Strength (NDC 46122-370) will remain relatively stable.
Key Takeaways
- Stable Demand: The demand for acetaminophen remains consistent, supporting stable pricing.
- Competition: High competition in the OTC market keeps prices stable.
- Regulatory Stability: OTC drugs are subject to less stringent regulatory changes.
- Broader Market Trends: Specialty pharmaceutical trends do not significantly impact OTC drug pricing.
FAQs
Q: What is the generic name of the drug with NDC 46122-370?
A: The generic name is acetaminophen.
Q: Who is the labeler for this drug?
A: The labeler is AmerisourceBergen (Good Neighbor Pharmacy).
Q: What is the dosage form and strength of this drug?
A: The dosage form is a tablet, and the strength is 500 mg.
Q: Is the price of this drug expected to increase significantly?
A: No, the price is expected to remain relatively stable due to the competitive nature of the OTC market.
Q: How does the NDC system affect the pricing of this drug?
A: The NDC system does not directly influence pricing but helps in tracking and managing drug products.
Sources
- FDA.report: NDC 46122-370 Oral Tablet Pain Relief Extra Strength.
- Medicaid.gov: For State Medicaid Directors - Medicaid Drug Rebate Program.
- TFS CRO: 5 Predictions for the Biopharma and Biotech Industries in 2025.
- Vizient Inc.: Vizient Projects 3.8% Drug Price Increase Driven by Specialty Pharmaceuticals.
- FDA: National Drug Code Database Background Information.
