Introduction
Acitretin, a second-generation retinoid, is used primarily for the treatment of severe psoriasis and other skin disorders. The NDC code 66993-0896 is associated with Acitretin manufactured by Prasco Laboratories. Here, we will delve into the market analysis and price projections for this specific drug.
Market Overview
The pharmaceutical market, particularly for dermatological treatments, is dynamic and influenced by various factors including regulatory changes, competition, and patient demand.
Global Pharmaceutical Market Trends
The global pharmaceutical market has seen significant growth over the past few years, driven by increasing demand for advanced treatments and rising healthcare expenditures. According to the ASPE issue brief, the prescription drug market size has increased across all geographic samples, with the U.S. experiencing an outlier growth in sales revenues compared to the rest of the world and OECD countries[3].
Specific Drug Market: Acitretin
Acitretin is a niche product within the dermatological segment, targeting severe psoriasis and other skin conditions.
Demand and Usage
The demand for Acitretin is relatively stable, driven by the chronic nature of psoriasis and the need for ongoing treatment. However, the market is not as large as that for more common dermatological conditions like acne or atopic dermatitis.
Competition
The market for psoriasis treatments is competitive, with both traditional systemic therapies like Acitretin and newer biologic agents. The competition from biologics, which often come with higher prices and potentially better efficacy, can impact the pricing and market share of traditional treatments like Acitretin[2].
Pricing Trends
Pricing trends for pharmaceuticals, especially in the U.S., have been a subject of significant scrutiny.
Historical Pricing
The NADAC (National Average Drug Acquisition Cost) wholesale price for Acitretin (NDC: 66993-0896) has shown some fluctuation. For instance, the price for a specific package (66993-086-96, though not the exact NDC, it gives an idea of pricing trends in similar products) has ranged from a low of $15.24 to a high of $17.09 per billable unit[5].
Current Pricing
As of the latest available data, the NDC 66993-0896 for Acitretin has been discontinued as of March 31, 2021, which can impact its current pricing and availability. However, similar products or generic alternatives may still be available in the market[4].
Price Projections
Given the current market dynamics and the discontinuation of the specific NDC, here are some insights into potential price projections:
Impact of Discontinuation
The discontinuation of NDC 66993-0896 by Prasco Laboratories could lead to a shift in market dynamics. Patients may need to switch to alternative treatments, which could be either other branded products or generic versions. This shift can influence pricing as demand adjusts to the new market conditions.
Generic and Branded Competition
The presence of generic alternatives can significantly impact the pricing of branded drugs. For Acitretin, generic versions may offer a more cost-effective option, potentially reducing the market price for similar treatments.
Regulatory and Economic Factors
Regulatory changes, such as those related to drug pricing transparency and cost containment measures, can also influence the pricing of pharmaceuticals. Additionally, economic factors like inflation and changes in healthcare policies can affect the overall pricing landscape[3].
Key Takeaways
- Market Stability: The demand for Acitretin is relatively stable due to the chronic nature of psoriasis.
- Competition: The market is competitive, especially with the advent of biologic treatments.
- Pricing Trends: Historical pricing data shows fluctuations, and current pricing may be influenced by the discontinuation of the specific NDC.
- Regulatory Impact: Regulatory changes and economic factors can significantly impact pricing.
FAQs
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What is the current status of NDC 66993-0896 for Acitretin?
- The NDC 66993-0896 for Acitretin has been discontinued as of March 31, 2021[4].
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How does the discontinuation affect pricing?
- The discontinuation can lead to a shift in market dynamics, potentially affecting pricing as patients switch to alternative treatments.
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Are there generic alternatives available for Acitretin?
- Yes, generic versions of Acitretin are available, which can offer a more cost-effective option and influence market pricing.
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What are the key factors influencing the pricing of Acitretin?
- Key factors include competition from biologics, regulatory changes, economic factors, and the availability of generic alternatives.
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How does the global pharmaceutical market trend impact Acitretin pricing?
- The global trend of increasing pharmaceutical prices, especially in the U.S., can influence the pricing of Acitretin, although it is more niche compared to broader market trends.
Sources
- Find a Code: Prasco Laboratories - List of Drugs - NDC Labeler/Manufacturer[4].
- Vizient Inc.: Pharmacy Market Outlook Summer 2024[2].
- ASPE: ISSUE BRIEF - International Market Size and Prices[3].
- NDC List: Drug Pricing Fluticasone Propionate And Salmeterol Hfa - NDC List[5].
