Introduction
The drug identified by the National Drug Code (NDC) 70710-1667 is Prochlorperazine Maleate, a medication commonly used to treat nausea, vomiting, and psychiatric disorders. This analysis will delve into the market trends, price projections, and various factors influencing the pricing of this drug.
Drug Overview
Prochlorperazine Maleate is a generic version of the brand-name drug Compazine. It is available in various formulations, including tablets and injectable solutions. The NDC 70710-1667 specifically refers to the 5mg tablet formulation.
Current Pricing
As of the latest data, the price per unit for Prochlorperazine Maleate 5mg tablets (NDC 70710-1667) varies slightly depending on the vendor and the date.
- Golden State Medical Supply, Inc.: The price per unit is $0.21650 as of June 15, 2023[4].
- Jubilant Cadista Pharmaceuticals, Inc.: The price per unit is $0.23500 as of November 15, 2021[4].
Historical Price Trends
Analyzing historical data, there has been a relatively stable pricing trend for Prochlorperazine Maleate.
- Price Stability: The prices have not shown significant fluctuations over the past few years, indicating a stable market for this generic drug.
- Vendor Variations: There are minor variations in pricing between different vendors, but these differences are not substantial enough to indicate a trend of significant price increases or decreases[4].
Market Factors Influencing Pricing
Several factors influence the pricing of prescription drugs like Prochlorperazine Maleate:
Pharmaceutical Supply Chain
The interactions and financial negotiations between various entities in the pharmaceutical supply chain, including manufacturers, pharmacy benefit managers (PBMs), and health insurers, play a crucial role in determining drug prices. Regulatory oversight and reporting requirements, such as those in Oregon, aim to increase transparency and control costs[2].
Regulatory Environment
Regulatory policies, such as the Prescription Drug Price Transparency Act, require manufacturers to report price increases and new high-cost drugs. This transparency helps in understanding the factors contributing to drug prices and can lead to policy recommendations to address affordability issues[2].
Global Pricing Comparisons
The U.S. market often sees higher prices for prescription drugs compared to other countries. For instance, the average price per unit in the U.S. is 5.5 times higher than in the OECD (excluding the U.S.) and 7.7 times higher than in the rest of the world (excluding the U.S.)[3].
Generic Drug Market
Generic drugs, like Prochlorperazine Maleate, generally have lower prices compared to brand-name drugs. However, the median price increase for generic drugs can be significant, with some reports showing increases as high as 19.9% in a single year[2].
Price Projections
Given the stable historical pricing trend and the absence of significant market disruptions, here are some projections:
- Short-Term Stability: It is likely that the price of Prochlorperazine Maleate 5mg tablets will remain relatively stable in the short term, with minor fluctuations based on vendor and market conditions.
- Long-Term Considerations: Long-term projections may be influenced by broader market trends, regulatory changes, and shifts in the pharmaceutical supply chain. For example, the implementation of upper payment limits or increased transparency measures could impact pricing[2].
Impact of Regulatory Changes
Regulatory changes, such as the creation of drug affordability boards and the enforcement of price transparency, can significantly impact drug pricing. If states or federal authorities implement measures to cap prices or increase transparency, it could lead to more stable and potentially lower prices for drugs like Prochlorperazine Maleate[2].
Conclusion
The pricing of Prochlorperazine Maleate, identified by NDC 70710-1667, is influenced by a complex interplay of market factors, regulatory environments, and global pricing trends. Here are the key takeaways:
- Stable Pricing: The current pricing trend for Prochlorperazine Maleate 5mg tablets is relatively stable.
- Vendor Variations: Minor price variations exist between vendors.
- Regulatory Influence: Regulatory policies and transparency measures can impact pricing.
- Global Comparisons: U.S. prices are significantly higher than in other countries.
- Long-Term Projections: Prices are likely to remain stable in the short term but could be influenced by broader market and regulatory changes.
Key Takeaways
- Market Stability: The market for Prochlorperazine Maleate is currently stable.
- Regulatory Impact: Regulatory changes can significantly influence drug prices.
- Global Pricing: U.S. prices are higher compared to other countries.
- Vendor Differences: Prices vary slightly between vendors.
- Long-Term Considerations: Future prices may be affected by broader market and regulatory trends.
FAQs
Q: What is the current price per unit for Prochlorperazine Maleate 5mg tablets (NDC 70710-1667)?
A: As of the latest data, the price per unit is approximately $0.21650 from Golden State Medical Supply, Inc., and $0.23500 from Jubilant Cadista Pharmaceuticals, Inc.[4].
Q: What factors influence the pricing of Prochlorperazine Maleate?
A: Factors include the pharmaceutical supply chain, regulatory environment, global pricing comparisons, and the generic drug market[2][3].
Q: How do regulatory policies affect drug pricing?
A: Regulatory policies, such as the Prescription Drug Price Transparency Act, increase transparency and can lead to measures that control costs and cap prices[2].
Q: Why are U.S. prices for prescription drugs generally higher than in other countries?
A: The U.S. market sees higher prices due to a drug mix that skews towards more expensive compounds and higher average prices per unit[3].
Q: What are the potential long-term price projections for Prochlorperazine Maleate?
A: Prices are likely to remain stable in the short term but could be influenced by broader market and regulatory changes in the long term[2][3].
Sources
- DrugPatentWatch - Latest drug prices and trends for NDC 70710-1846.
- Oregon Drug Price Transparency Program - Prescription Drug Price Transparency Results and Recommendations.
- ASPE - International Market Size and Prices.
- DrugPatentWatch - Drug Price Trends for PROCHLORPERAZINE MALEATE.
