West Asia conflict threatens Indian medicine prices as raw material costs skyrocket
Visakhapatnam, April 17 -- The ongoing conflict involving Iran has begun to ripple through India's healthcare sector, with pharmaceutical distributors warning of a significant price hike for life-saving drugs.
According to the Visakhapatnam Chemists Association, the soaring cost of raw materials, largely sourced from West Asian hubs like Dubai, is forcing manufacturers to recalibrate their pricing structures.
They further informed ANI that pharmaceutical companies manufacturing certain brands have already notified wholesale dealers of these impending price hikes.
Local industry leaders have confirmed that major pharmaceutical companies have already begun notifying wholesalers of impending increases. The conflict has disrupted the suppl...
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