Product Information
METFORMIN ER 500 MG GASTRC-TB is a generic product labeled by Glenmark Pharmaceuticals Inc., USA, priced at $0.2710 per EA under NDC 68462052001. Its NADAC has been published 350 times since Jan 22, 2020.
FDA first approved this application on Nov 25, 2019. Its Orange Book therapeutic-equivalence code is AB3 — FDA rates it therapeutically equivalent to (substitutable for) its reference product.
Strength
500 mg/1
Manufacturer
Glenmark Pharmaceuticals Inc., USANDC
68462052001
Classification
Generic
Dosage Form
TABLET, FILM COATED, EXTENDED RELEASE
Route
ORAL
Effective Date
9/23/2026
Active Ingredients
METFORMIN HYDROCHLORIDEApproval Type
Generic (ANDA)
FDA Application
ANDA212969FDA Approved
11/25/2019
TE Code
AB3
On Market Since
11/25/2019
Pharmacological Classes
Price Statistics
The NADAC for METFORMIN ER 500 MG GASTRC-TB has been published 350 times since Jan 22, 2020, and over the history we have for it it has declined 95.5%. The table below summarizes its recorded NADAC range and movement.
| Current price | $0.2710 per EA |
|---|---|
| All-time high | $6.0820 (Mar 11, 2020) |
| All-time low | $0.2619 (Aug 19, 2026) |
| 52-week high | $0.3965 |
| 52-week low | $0.2619 |
| Median price | $1.0228 |
| Average price | $1.8863 |
| Largest weekly change | +107.3% (Feb 23, 2022) |
| Weeks tracked | 350 |
| Tracking since | Jan 22, 2020 |
Generic Alternatives
The matcher finds 6 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 95% at current NADAC. These are candidates to verify clinically, not guaranteed substitutes — see our generic drug prices guide.
Related Drugs
Same classification
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Manufacturer
Glenmark Pharmaceuticals Inc., USA manufacturer profile
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Drug market
metformin hydrochloride market comparison
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Therapeutic class
Biguanide class view
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Trend hub
Latest market trends
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Guide
Understanding NADAC pricing
Use the explainer when you need context on how CMS publishes NADAC and how to interpret the number on this page.
Frequently asked questions
What is the NADAC price of METFORMIN ER 500 MG GASTRC-TB?
The current National Average Drug Acquisition Cost (NADAC) for METFORMIN ER 500 MG GASTRC-TB, manufactured by Glenmark Pharmaceuticals Inc., USA, is $0.2710 per EA (NDC 68462052001), effective Sep 30, 2026.
How has the price of METFORMIN ER 500 MG GASTRC-TB changed over time?
Over the history we have for it, the NADAC for METFORMIN ER 500 MG GASTRC-TB has declined 95.5%. It has been tracked across 350 weekly CMS publications since Jan 22, 2020.
What are the highest and lowest recorded NADAC prices for METFORMIN ER 500 MG GASTRC-TB?
Since Jan 22, 2020, the NADAC for METFORMIN ER 500 MG GASTRC-TB has ranged from a low of $0.2619 (Aug 19, 2026) to a high of $6.0820 (Mar 11, 2020), with a median of $1.0228 per EA.
Are there cheaper alternatives to METFORMIN ER 500 MG GASTRC-TB?
Yes. 6 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 $0.0145 per EA — about 95% below METFORMIN ER 500 MG GASTRC-TB.
Who manufactures METFORMIN ER 500 MG GASTRC-TB?
METFORMIN ER 500 MG GASTRC-TB (NDC 68462052001) is labeled by Glenmark Pharmaceuticals Inc., USA, and CMS classifies it as a generic product.