Product Information
METFORMIN HCL 500 MG TABLET is a generic product labeled by Granules Pharmaceuticals Inc., priced at $0.0142 per EA under NDC 70010006301. Its NADAC has been published 315 times since Aug 12, 2020.
FDA first approved this application on Apr 22, 2010. Its Orange Book therapeutic-equivalence code is AB — FDA rates it therapeutically equivalent to (substitutable for) its reference product.
Strength
500 mg/1
Manufacturer
Granules Pharmaceuticals Inc.NDC
70010006301
Classification
Generic
Dosage Form
TABLET
Route
ORAL
Effective Date
8/19/2026
Active Ingredients
METFORMIN HYDROCHLORIDEApproval Type
Generic (ANDA)
FDA Application
ANDA090564FDA Approved
4/22/2010
TE Code
AB
On Market Since
6/26/2019
Pharmacological Classes
Price Statistics
The NADAC for METFORMIN HCL 500 MG TABLET has been published 315 times since Aug 12, 2020, and over the history we have for it it has declined 13.7%. The table below summarizes its recorded NADAC range and movement.
| Current price | $0.0142 per EA |
|---|---|
| All-time high | $0.0177 (Nov 16, 2022) |
| All-time low | $0.0123 (Nov 20, 2024) |
| 52-week high | $0.0147 |
| 52-week low | $0.0139 |
| Median price | $0.0159 |
| Average price | $0.0153 |
| Largest weekly change | +20.4% (Jun 19, 2024) |
| Weeks tracked | 315 |
| Tracking since | Aug 12, 2020 |
Generic Alternatives
The matcher finds 21 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). None of the shown alternatives sit below the current price. 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 Granules Pharmaceuticals Inc., is $0.0142 per EA (NDC 70010006301), effective Aug 19, 2026.
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 declined 13.7%. It has been tracked across 315 weekly CMS publications since Aug 12, 2020.
What are the highest and lowest recorded NADAC prices for METFORMIN HCL 500 MG TABLET?
Since Aug 12, 2020, the NADAC for METFORMIN HCL 500 MG TABLET has ranged from a low of $0.0123 (Nov 20, 2024) 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?
21 manufacturers publish a NADAC-priced product with the same active ingredient and strength as METFORMIN HCL 500 MG TABLET in a comparable dosage form, but none are currently priced below it.
Who manufactures METFORMIN HCL 500 MG TABLET?
METFORMIN HCL 500 MG TABLET (NDC 70010006301) is labeled by Granules Pharmaceuticals Inc., and CMS classifies it as a generic product.