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Last Updated: December 22, 2024

RENOVIST II Drug Patent Profile


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When do Renovist Ii patents expire, and what generic alternatives are available?

Renovist Ii is a drug marketed by Bracco and is included in one NDA.

The generic ingredient in RENOVIST II is diatrizoate meglumine; diatrizoate sodium. There are eleven drug master file entries for this compound. Four suppliers are listed for this compound. Additional details are available on the diatrizoate meglumine; diatrizoate sodium profile page.

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Summary for RENOVIST II
Drug patent expirations by year for RENOVIST II
Pharmacology for RENOVIST II

US Patents and Regulatory Information for RENOVIST II

Applicant Tradename Generic Name Dosage NDA Approval Date TE Type RLD RS Patent No. Patent Expiration Product Substance Delist Req. Exclusivity Expiration
Bracco RENOVIST II diatrizoate meglumine; diatrizoate sodium INJECTABLE;INJECTION 010040-019 Approved Prior to Jan 1, 1982 DISCN No No ⤷  Subscribe ⤷  Subscribe ⤷  Subscribe
>Applicant >Tradename >Generic Name >Dosage >NDA >Approval Date >TE >Type >RLD >RS >Patent No. >Patent Expiration >Product >Substance >Delist Req. >Exclusivity Expiration

RENOVIST II Market Analysis and Financial Projection Experimental

Market Dynamics and Financial Trajectory of Prescription Drugs: A Case Study on Trends Relevant to RENOVIST II

Introduction

The pharmaceutical industry is a complex and dynamic sector, influenced by various factors including regulatory changes, technological advancements, and market demand. To understand the market dynamics and financial trajectory relevant to a drug like RENOVIST II, it is crucial to analyze broader trends in prescription drug spending and the factors that drive these trends.

Overall Prescription Drug Spending Trends

Between 2016 and 2021, prescription drug expenditures in the U.S. saw a significant increase. Total spending on prescription drugs grew from $520 billion in 2016 to $603 billion in 2021, representing a 16% increase over the five-year period[1].

Retail vs. Non-Retail Drug Spending

The market is divided into retail and non-retail segments. Retail drug expenditures accounted for approximately 70% of total prescription drug spending, while non-retail expenditures made up the remaining 30%. Retail prescription drug spending increased by 13%, while non-retail spending saw a more substantial rise of 25% during the same period[1].

Drivers of Increased Spending

The primary driver of increased spending in the non-retail segment was greater utilization, with a 19% increase in the number of prescriptions. In contrast, the retail segment saw a 5.7% increase in the number of prescriptions, indicating that higher spending per prescription was the main factor driving retail drug spending increases[1].

Specialty Drug Spending

Specialty drugs, which are often high-cost and used for complex conditions, have been a significant factor in the growth of prescription drug spending. Between 2016 and 2021, specialty drug spending increased by 43%, reaching $301 billion in 2021. Despite a minimal increase in the number of specialty prescriptions (0.5%), the spending on these drugs continued to rise, highlighting their high cost and impact on overall spending[1].

Impact of Media Coverage on Drug Prices

Media coverage of drug prices can significantly affect the financial performance and capitalization of pharmaceutical companies. Studies have shown that negative media coverage of high drug prices can lead to a reduction in stock value and impact companies' profit margins and market share[3].

Financial Performance and Capitalization

The relationship between drug price news and the financial performance of pharmaceutical companies is complex. Research indicates that frequent and intense media coverage of drug prices can affect net margin, return on research capital, return on equity, and market capitalization of these companies. This suggests that companies need to be mindful of public perception and regulatory pressures when setting drug prices[3].

Market Challenges and Opportunities

The pharmaceutical industry is facing several challenges, including economic and geopolitical headwinds, higher risk-free rates, and increasing competition. To navigate these challenges, companies are reinventing their business models to offer better outcomes for patients and investors. This includes focusing on innovative therapies, improving patient access, and leveraging data and technology to enhance efficiency and effectiveness[4].

Regulatory Environment

The regulatory environment plays a crucial role in shaping the market dynamics of prescription drugs. Policies related to drug pricing, reimbursement, and approval processes can significantly impact the financial trajectory of pharmaceutical companies. For instance, the use of rebates for high-cost drugs and competition from generic or biosimilar products can influence spending trends[1].

Patient Access and Affordability

Patient access and affordability are critical factors in the prescription drug market. High drug prices can limit patient access, leading to reduced utilization and potentially affecting the financial performance of pharmaceutical companies. Efforts to improve affordability, such as price transparency and cost-sharing mechanisms, are becoming increasingly important[3].

Technological Advancements

Technological advancements, including precision medicine and digital health solutions, are transforming the pharmaceutical industry. These innovations can lead to more effective treatments and better patient outcomes, but they also come with higher development costs and potentially higher prices for patients[4].

Market Projections and Future Trends

Looking ahead, the pharmaceutical industry is expected to continue evolving in response to various market and regulatory pressures. The rise of biotechnology and gene therapies, along with increasing focus on patient-centered care, will likely shape the future of prescription drug spending. Companies that adapt to these trends by innovating and providing value to patients and investors will be better positioned for success[4].

Key Takeaways

  • Prescription drug spending has increased significantly, driven by higher spending per prescription and greater utilization in non-retail settings.
  • Specialty drugs continue to be a major driver of spending growth.
  • Media coverage of drug prices can impact the financial performance of pharmaceutical companies.
  • The industry is facing challenges such as economic headwinds and regulatory pressures, necessitating innovative business models.
  • Patient access and affordability remain critical issues.
  • Technological advancements are transforming the industry, offering both opportunities and challenges.

FAQs

What were the key drivers of the increase in prescription drug spending between 2016 and 2021?

The key drivers were higher spending per prescription in the retail segment and greater utilization in the non-retail segment.

How did media coverage of drug prices affect pharmaceutical companies?

Media coverage of high drug prices can lead to a reduction in stock value and impact companies' profit margins and market share.

What role do specialty drugs play in prescription drug spending?

Specialty drugs saw a 43% increase in spending between 2016 and 2021, despite a minimal increase in the number of prescriptions, highlighting their high cost and significant impact on overall spending.

How are technological advancements impacting the pharmaceutical industry?

Technological advancements, such as precision medicine and digital health solutions, are leading to more effective treatments but also come with higher development costs and potentially higher prices for patients.

What are the main challenges facing the pharmaceutical industry in 2024?

The industry is facing economic and geopolitical headwinds, higher risk-free rates, and increasing competition, necessitating the reinvention of business models to offer better outcomes for patients and investors.

Sources

  1. Trends in Prescription Drug Spending, 2016-2021 - ASPE
  2. Deferred Compensation - State of Nevada - State of Nevada
  3. Relationship Over Time Between Drug Price News and U.S. Pharmaceutical Companies - Walden University
  4. Next in pharma 2024: Reinventing for returns - PwC

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