Overview of NDC 69452-0233
The National Drug Code (NDC) 69452-0233 corresponds to a 100 mg oral capsule of Progesterone, a human prescription drug labeled and distributed by Bionpharma Inc.[4].
Market Context
Pharmaceutical Expenditures Trends
The pharmaceutical market is experiencing significant growth, with overall prescription drug expenditures in the US increasing by 13.6% in 2023 compared to the previous year. This growth is driven by factors such as increased utilization, new drug approvals, and price increases[3].
Specific Drug Categories
Progesterone, as a hormone replacement therapy, falls under the broader category of endocrine drugs. Endocrine drugs are among the categories expected to drive pharmaceutical expenditures in the coming years, particularly with the rise in demand for hormone therapies[3].
Pricing Dynamics
Current Pricing
As of the latest data, the price per unit for Progesterone 100 mg capsules with the NDC 69452-0233 is approximately $0.21 per capsule. This pricing is consistent across various vendors and formulations[5].
Price Trends
The pharmaceutical industry has seen significant price fluctuations, especially for generic drugs. For instance, a generic version of naproxen experienced a 2,527% price increase between 2012 and 2021, highlighting the volatility in drug pricing[2].
Projections
Given the overall trend of increasing pharmaceutical expenditures, it is likely that prices for Progesterone and similar drugs will continue to rise, albeit at a more moderate pace. The median price increase for generic drugs was 19.9% in 2022, which could serve as a benchmark for future price adjustments[2].
Regulatory and Transparency Aspects
FDA Reporting and NDC Directory
The FDA's National Drug Code Directory includes detailed information on drugs like Progesterone, including their marketing start and end dates, and any updates or corrections to their listings. This transparency helps in tracking price and availability changes over time[1].
Drug Price Transparency
Efforts to enhance drug price transparency, such as those in Oregon, aim to provide clearer insights into the factors influencing drug prices. These initiatives include reporting on price increases, discounts, and other cost factors that impact consumer costs. While these measures are still evolving, they could potentially stabilize or reduce price volatility in the future[2].
Market Factors Influencing Price
Utilization and Demand
Increased utilization of hormone replacement therapies, including Progesterone, can drive up demand and subsequently affect pricing. The growth in clinics and hospitals, particularly in the endocrine drug category, suggests a steady demand for such medications[3].
New Drug Approvals and Patent Expirations
New drug approvals and patent expirations can significantly impact the pricing landscape. The introduction of new drugs or the expiration of patents on existing ones can lead to increased competition, potentially stabilizing or reducing prices[3].
Policy and Legislative Changes
Policy changes, such as the implementation of upper payment limits or price negotiation authorities, can also influence drug prices. For example, the Inflation Reduction Act of 2022 introduced price negotiation mechanisms for Medicare, which could have broader implications for the pharmaceutical market[2].
Key Takeaways
- Current Pricing: The current price per unit for Progesterone 100 mg capsules with NDC 69452-0233 is approximately $0.21.
- Market Trends: Overall pharmaceutical expenditures are expected to rise by 10-12% in 2024, driven by increased utilization, new drug approvals, and price increases.
- Regulatory Transparency: FDA's NDC Directory and state-level transparency initiatives provide crucial data on drug pricing and availability.
- Market Factors: Utilization, new drug approvals, patent expirations, and policy changes are key factors influencing drug prices.
FAQs
What is the current price of Progesterone 100 mg capsules with NDC 69452-0233?
The current price per unit for Progesterone 100 mg capsules with NDC 69452-0233 is approximately $0.21 per capsule[5].
How are pharmaceutical expenditures expected to change in 2024?
Overall prescription drug expenditures in the US are expected to rise by 10-12% in 2024, with a 11-13% increase in clinics and a 0-2% increase in nonfederal hospitals[3].
What factors influence the price of Progesterone and similar drugs?
Factors such as increased utilization, new drug approvals, patent expirations, and policy changes can influence the price of Progesterone and similar drugs[2][3].
How does the FDA's NDC Directory impact drug pricing transparency?
The FDA's NDC Directory provides detailed information on drug listings, including marketing start and end dates, which helps in tracking price and availability changes over time[1].
Are there any policy changes that could affect the pricing of Progesterone?
Yes, policy changes such as the implementation of upper payment limits or price negotiation authorities can influence drug prices. For example, the Inflation Reduction Act of 2022 introduced price negotiation mechanisms for Medicare[2].
What is the significance of drug price transparency initiatives?
Drug price transparency initiatives aim to provide clearer insights into the factors influencing drug prices, helping to address gaps in transparency and potentially stabilize or reduce price volatility[2].
