Market Analysis and Price Projections for the Drug NDC: 63304-0904
Introduction
The National Drug Code (NDC) 63304-0904 identifies a specific pharmaceutical product, and understanding its market dynamics and price projections is crucial for stakeholders, including manufacturers, distributors, and healthcare providers. Here, we will delve into the key aspects of this drug, including its identification, market trends, and price projections.
Drug Identification
The NDC 63304-0904 is a unique identifier assigned by the FDA, consisting of three segments: the labeler code, product code, and package code. In this case:
- Labeler Code: 63304, which identifies the manufacturer or distributor, such as Ranbaxy Pharmaceuticals Inc.[1][4].
- Product Code: Specific to the drug formulation, strength, and dosage form.
- Package Code: Indicates the package size and type.
Market Trends
The pharmaceutical market is subject to various factors that influence pricing and demand.
General Market Growth
The overall prescription drug market is expected to grow at a Compound Annual Growth Rate (CAGR) of 9% through 2030. This growth is driven by increasing healthcare needs, advancements in medical technology, and an aging population[3].
Competitive Landscape
The competitive landscape for any drug involves other products with similar indications and formulations. For a drug like metoclopramide (if we assume this NDC corresponds to metoclopramide, given the context of the provided sources), competition comes from other antiemetic and prokinetic agents.
Price Projections
Price projections for pharmaceuticals are influenced by several factors, including production costs, regulatory changes, market demand, and competition.
Current Pricing
To project future prices, it is essential to understand current pricing. However, specific pricing data for NDC 63304-0904 is not provided in the sources. Generally, prices for prescription drugs can be found in databases such as the Missouri Specialty MAC list or through drug price tracking services[2][3].
Factors Influencing Price
- Regulatory Changes: Changes in FDA regulations or listing obligations can affect pricing. For instance, updates to the Drug Listing Act or changes in the NDC Directory can impact how drugs are marketed and priced[4].
- Market Demand: Increased demand due to growing patient populations or new indications can drive prices up.
- Production Costs: Changes in raw material costs, manufacturing processes, or supply chain disruptions can influence the final product price.
- Competition: The presence of generic or branded competitors can lead to price adjustments to remain competitive.
Renal Impairment and Dosage Adjustments
For drugs like metoclopramide, which are affected by renal impairment, dosage adjustments can impact pricing. Patients with renal impairment may require lower doses, which could affect the overall cost of treatment. This is particularly relevant as the pharmacokinetics of metoclopramide are significantly affected by renal function[1].
Pharmacokinetics and Pharmacodynamics
Understanding the pharmacokinetics and pharmacodynamics of a drug is crucial for pricing projections, as it affects dosing regimens and treatment durations. For metoclopramide:
- Volume of Distribution: High volume of distribution (about 3.5 L/kg) indicates extensive tissue distribution.
- Plasma Protein Binding: Low plasma protein binding (about 30%) suggests a higher free fraction of the drug available for action.
- Elimination Half-Life: The half-life of 5 to 6 hours influences dosing frequency and overall treatment cost[1].
Key Takeaways
- Market Growth: The pharmaceutical market is expected to grow significantly, influencing demand and pricing.
- Regulatory Compliance: Adherence to FDA regulations and updates to the NDC Directory are crucial for maintaining market presence.
- Competitive Landscape: The presence of competitors and generic alternatives can impact pricing strategies.
- Pharmacokinetics: Understanding the drug's pharmacokinetic profile is essential for dosing and cost considerations.
FAQs
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What is the National Drug Code (NDC)?
- The NDC is a unique, three-segment number that identifies a drug product, including the labeler, product, and package size[4].
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How does renal impairment affect the pricing of metoclopramide?
- Renal impairment requires dosage adjustments, which can affect the overall cost of treatment due to the need for lower doses and potentially longer treatment durations[1].
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What factors influence the price projections of pharmaceuticals?
- Factors include production costs, regulatory changes, market demand, and competition from other drugs[3].
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Why is it important to update drug listing data?
- Updating drug listing data ensures compliance with FDA regulations and reflects any changes in the drug's marketing status or formulation[4].
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How does the pharmacokinetic profile of a drug impact its pricing?
- The pharmacokinetic profile affects dosing regimens, treatment durations, and the overall cost of treatment, as it influences how the drug is metabolized and eliminated from the body[1].
