Historical record - last NADAC effective date: 5/17/2023
Product Information
METFORMIN HCL 500 MG TABLET is a generic product labeled by PuraCap Laboratories LLC, priced at $0.0159 per EA under NDC 24658079001. Its NADAC has been published 280 times since Jan 17, 2018.
FDA first approved this application on Jan 25, 2002. Its Orange Book therapeutic-equivalence code is AB — FDA rates it therapeutically equivalent to (substitutable for) its reference product.
Strength
500 mg/1
Manufacturer
PuraCap Laboratories LLCNDC
24658079001
Classification
Generic
Dosage Form
TABLET, FILM COATED
Route
ORAL
Effective Date
5/17/2023
Active Ingredients
METFORMIN HYDROCHLORIDEApproval Type
Generic (ANDA)
FDA Application
ANDA075965FDA Approved
1/25/2002
TE Code
AB
On Market Since
4/1/2016
Pharmacological Classes
Price Statistics
The NADAC for METFORMIN HCL 500 MG TABLET has been published 280 times since Jan 17, 2018, and over the history we have for it it has held within roughly two percent of its current level. The table below summarizes its recorded NADAC range and movement.
| Current price | $0.0159 per EA |
|---|---|
| All-time high | $0.0177 (Nov 16, 2022) |
| All-time low | $0.0146 (Jul 20, 2022) |
| Median price | $0.0159 |
| Average price | $0.0159 |
| Largest weekly change | +10.9% (Oct 19, 2022) |
| Weeks tracked | 280 |
| Tracking since | Jan 17, 2018 |
1W
N/A
1M
N/A
3M
N/A
6M
N/A
1Y
N/A
3Y
N/A
5Y
-0.3%
All
+1.5%
Last surveyed May 24, 2023 — this NDC no longer appears in the current weekly NADAC file.
Generic Alternatives
The matcher finds 20 manufacturers offering a NADAC-published product with this drug's active ingredient and strength in a comparable dosage form (cheapest from each manufacturer, up to 10 shown below). Switching to the cheapest would cut per-unit acquisition cost by roughly 11% at current NADAC. These are candidates to verify clinically, not guaranteed substitutes — see our generic drug prices guide.
Related Drugs
Same classification
Frequently asked questions
What is the NADAC price of METFORMIN HCL 500 MG TABLET?
The current National Average Drug Acquisition Cost (NADAC) for METFORMIN HCL 500 MG TABLET, manufactured by PuraCap Laboratories LLC, is $0.0159 per EA (NDC 24658079001), effective May 24, 2023.
How has the price of METFORMIN HCL 500 MG TABLET changed over time?
Over the history we have for it, the NADAC for METFORMIN HCL 500 MG TABLET has held within roughly two percent of its current level. It has been tracked across 280 weekly CMS publications since Jan 17, 2018.
What are the highest and lowest recorded NADAC prices for METFORMIN HCL 500 MG TABLET?
Since Jan 17, 2018, the NADAC for METFORMIN HCL 500 MG TABLET has ranged from a low of $0.0146 (Jul 20, 2022) to a high of $0.0177 (Nov 16, 2022), with a median of $0.0159 per EA.
Are there cheaper alternatives to METFORMIN HCL 500 MG TABLET?
Yes. 20 manufacturers publish a NADAC-priced product with the same active ingredient and strength in a comparable dosage form. The lowest-priced option, METFORMIN HCL 500 MG TABLET, is $0.0142 per EA — about 11% below METFORMIN HCL 500 MG TABLET.
Who manufactures METFORMIN HCL 500 MG TABLET?
METFORMIN HCL 500 MG TABLET (NDC 24658079001) is labeled by PuraCap Laboratories LLC, and CMS classifies it as a generic product.