The recent wave of inflation has affected the low-income bracket, particularly the increase in prices of medicine has suffocated the poor. The alarming increase in the prices of the medicines has compounded the problems of patients and their relatives.
“A number of time, people just ask for enough medicine for one day, or leave after asking for the price” – said the owner of a pharmacy store Muhammad Bilal while talking to Dawn.
Speaking to the said source, another person affected by the dramatic price hike says that though antibiotic should not be used regularly but the doctors prescribe it since a very young age, nothing works except them. They have become a necessity for relief, which is why the rise in the price of the medicines is making life difficult for them.
“I used to buy the 70ml Augmentin suspension for Rs173, which is now being sold for Rs219. It has already become difficult to provide my children food, and now that prices have been increased it is also difficult to buy their medicines” – he said speaking the local news source.
A pack of 500mg Ampiclox capsules is now being sold for Rs 646, which previously used to cost Rs 616. The cost of 100 coated tablets of 250mg Erythrocin has increased from Rs 540 to Rs 921.
The spokesperson from DARP (Drug Regulatory Authority of Pakistan) said that the increase in price is due to the rise in the price of raw and packaging material. The increase in the rate of electricity and gas has also increased the manufacturing cost per unit.
The authority also claimed that most pharmaceutical raw material is imported from China and due to the Chinese industry closed for environmental reasons, the prices for the raw materials doubled in past months.
“It’s true that the cost of raw material has increased because of the devaluation of the rupee, but there were still huge margins in medicines because of which the prices of medicines can be reduced further”- he told DAWN.
“Similarly, a number of companies get medicines manufactured by one company, which is called contract manufacturing. Because of this, the company manufacturers medicines for different companies with the same raw materials but with different price tags. One company sells the medication for Rs50, and the other sells the same medication for Rs500 because Drap fixes medicines’ prices.” – he added.
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