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00:27Let's take a look at the camera and see the camera on the other side of the camera and see
00:38the camera on the other side of the camera.
01:08Let's go.
02:00So this is Naveen Kumar, I'm the ex-board member for Visakhah Chemists Association.
02:11What is the effect of medicine between the Iran and Iraq war?
02:16Is there any high prices for that?
02:18Yeah, the raw materials which we get from the Middle East is getting high.
02:22They were expecting at least a 30 to 40 percent price hike.
02:25We get some oncology brands, diabetology and hypertension brands from that, which is impacting
02:33the manufacturing costs in other ways also including the transportation, the fuel costs
02:38are going up, which in return has given them the production cost has gone up drastically.
02:45As per the communication received from the companies, they're expecting the prices might
02:49rise up in the coming future.
02:51As of now, we have no shortages or the prices are normal running.
02:56But for the generic brands, the generic companies have already given a communication that the
03:00price will be rising up by 15-20 percent depending upon the production costs and all.
03:05And the recent days, the diabetic patients are very high in the society.
03:10Is there any hikes for the diabetic patients of usage of medicine?
03:14It depends.
03:15Like if you are importing from the Middle East and China, the price impact would be around
03:2030 to 35 percent as per the communication received from the companies.
03:24Nowadays, medicine is the daily need for the so many patients.
03:29Is there any daily need medicines like Paracetamol, the fillcaver, cough and cold?
03:33Is the seasonal disease there?
03:36Is there any hikes for that type of medicine?
03:38Yes.
03:39The Paracetamol, it's rising up by 96 percent.
03:42It depends like the pharma general companies have already have some benchmark prices.
03:47If they're doing with the generic one, the price of the generic price would be matching
03:51for the ethical brand.
03:53So, the price would be raising up 100 percent.
03:56Okay.
03:58Another thing, the shortage.
04:00Because when the war starts, in the recent days, we saw that LPD shortage is there.
04:06Like that, is there any medicine shortage will come or not, according to yours?
04:10As of now, there's no medicine shortage, sir.
04:12As the Indian government is taking proper preventive steps and provide sufficient resources
04:18for the companies to maintain their production just to take care of their people.
04:25And the main thing in the medicine, travelling period, is the major crucial thing.
04:33In Dubai or the Iran area which is located, if we are getting any medicines from Dubai or
04:38the raw materials, which type of materials are we getting to make the medicines?
04:41That would be oncology medicines, diabetic and anti-hypertension medicines, which we are
04:47getting from Middle East and China, sir.
04:49That only this category might be getting impacted mostly.
04:54How much, sir, the money cost will be high in the recent days?
04:58That would be affecting around 25 to 40 percent, sir, depending upon the medicine.
05:05Good evening.
05:06Sorry.
05:06Sorry.
05:07Good afternoon.
05:08Myself, Suman.
05:10Actually, is this...
05:11Secretary.
05:12I'm Secretary of VISAG Medical Whole Cell Association.
05:16Actually, this mainly production cost will be increasing, sir.
05:19That's why some medicines are going to increase that prices, sir.
05:26That is the main thing.
05:28Okay.
05:29As per your distribution discussions, is there any shortage discussions?
05:33I mean, the hike of medicines is very high, no?
05:36Then the patients will definitely be angry about the recent days because LPG shortage is
05:41there and daily needs, some items also we are missing in our groceries.
05:44That's why.
05:45No, sir.
05:46There is no shortage at all, sir.
05:47Only price only going to increase, sir.
05:50Okay.
05:50Is there any...
05:51Are you communicating with the distributors and which type of meetings you are doing?
05:55Actually, just three to four days back only, we are getting information from other companies,
05:59from some companies.
06:01So, we are just preparing ourselves to maintain the sufficient stock, sir.
06:06Okay.
06:06The company is saying what type of information they are giving to you?
06:09They are giving some...
06:10They are showing some brands, they are sending some brands going to increase the percentage
06:15of the medicine, sir.
06:16Okay.
06:16How much percentage is the level increase?
06:18It's for if you will take paracetamol 92% and azithromycin if you will take 22-25% like
06:25that, sir.
06:29If you could do, then see us on the next page.
06:31Thank you very much.
06:31What are you doing?
06:33Thanks, everyone.
06:33Thanks, everyone.
06:33It's a nice question.
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