Introduction
The National Drug Code (NDC) 63481-0629 corresponds to a specific formulation of the drug Percocet, which is a combination of oxycodone hydrochloride and acetaminophen, used for the management of severe pain. Here, we will delve into the market analysis and price projections for this drug, considering various factors that influence its pricing and market dynamics.
Drug Overview
Percocet, with the NDC 63481-0629, is manufactured by Endo USA, Inc. and is classified as a Human Prescription Drug under the DEA Schedule CII. It is an opioid analgesic indicated for pain management when alternative treatments are inadequate[4].
Market Dynamics
Prescription Drug Price Transparency
The pricing of Percocet, like other prescription drugs, is subject to various regulatory and transparency measures. For instance, the Oregon Drug Price Transparency Program requires pharmaceutical manufacturers to report new prescription drugs costing more than $670 a month and annual price increases exceeding 10% for drugs costing more than $100 a month[5].
Historical Price Trends
Historical data shows significant variability in prescription drug prices. For example, the Oregon Drug Price Transparency Program reported that the median price increase for generic drugs was 19.9%, while for brand-name drugs it was 13.4% in 2022. Extreme cases, such as a generic naproxen manufactured by Hikma Pharmaceuticals, saw a 2,527% price increase between 2012 and 2021[2].
Factors Influencing Price
Several factors contribute to the pricing of Percocet:
- Research and Development Costs: Manufacturers often attribute price increases to the high costs associated with research and development[5].
- Market Competition: The number of competitors in the market can significantly impact the pricing strategy. With fewer competitors, manufacturers may set higher prices[5].
- Rebates and Co-pay Assistance Programs: These programs can influence the net price of the drug to consumers and insurers[5].
- Regulatory Oversight: State and federal regulations, such as those implemented by the Oregon Department of Consumer and Business Services, can affect pricing transparency and accountability[5].
Price Projections
Current Pricing
As of recent reports, the pricing of opioid analgesics like Percocet can be quite high. For instance, the Wholesale Acquisition Cost (WAC) for similar opioid medications has seen significant increases over the years. However, specific current pricing for NDC 63481-0629 would need to be checked through current market data or the FDA's NDC Directory[1].
Future Price Trends
Given the historical trends and factors influencing drug prices:
- Price Increases: It is likely that Percocet will experience price increases, potentially in the range of 10% to 20% annually, aligning with median increases reported by transparency programs[5].
- Regulatory Impact: Increased regulatory oversight and transparency measures may help stabilize or reduce price increases. For example, the implementation of upper payment limits or price negotiation authorities could cap excessive price hikes[2].
Comparative Pricing
U.S. prices for prescription drugs, including Percocet, are often significantly higher than those in other countries. This disparity could lead to policy changes aimed at reducing domestic prices. For instance, if the median global price for a cardiovascular drug is between $5 to $164, while the U.S. price is $580, similar disparities might exist for opioid analgesics[5].
Market Competition and Demand
Market Share
Percocet, as a brand-name drug, holds a significant market share in the opioid analgesic segment. However, the presence of generic alternatives can impact its market share and pricing strategy.
Demand Factors
The demand for opioid analgesics is influenced by several factors, including:
- Clinical Need: The ongoing need for effective pain management ensures a steady demand for drugs like Percocet.
- Regulatory Environment: Changes in regulations, such as stricter prescribing guidelines for opioids, can affect demand and subsequently impact pricing[4].
Conclusion
The market analysis and price projections for Percocet with the NDC 63481-0629 indicate that the drug is likely to experience continued price increases, albeit potentially mitigated by regulatory measures. Here are some key takeaways:
Key Takeaways
- Price Increases: Annual price increases in the range of 10% to 20% are plausible.
- Regulatory Impact: Increased transparency and regulatory oversight could stabilize or reduce price hikes.
- Comparative Pricing: U.S. prices are significantly higher than global prices, which may lead to policy changes.
- Market Competition: The presence of generic alternatives and regulatory changes can impact market share and pricing.
FAQs
What is the NDC code for Percocet?
The NDC code for a specific formulation of Percocet is 63481-0629.
Who manufactures Percocet with the NDC 63481-0629?
Percocet with the NDC 63481-0629 is manufactured by Endo USA, Inc.[4].
What factors influence the pricing of Percocet?
Factors include research and development costs, market competition, rebates, co-pay assistance programs, and regulatory oversight[5].
How does the Oregon Drug Price Transparency Program affect drug pricing?
The program requires manufacturers to report price increases and new high-cost drugs, providing transparency and accountability in drug pricing[5].
Are there any regulatory measures to cap excessive price hikes for prescription drugs?
Yes, measures such as upper payment limits and price negotiation authorities are being considered or implemented in various states and at the federal level[2].
How does the global pricing of prescription drugs compare to U.S. prices?
U.S. prices for prescription drugs are often significantly higher than global prices, with U.S. prices sometimes being five times higher than the highest global price[5].
Sources
- FDA's National Drug Code Directory - FDA
- Prescription Drug Price Transparency Results and Recommendations - Oregon Department of Consumer and Business Services
- Draft Prescription Drug (RXCUIs) to HHS Drug Classes (RXCs) - CMS
- Label: Percocet- oxycodone hydrochloride and acetaminophen tablet - DailyMed
- Prescription Drug Price Transparency Results and Recommendations - Oregon Department of Consumer and Business Services (2019)
