KARACHI: The import of inexpensive medicines for cancer treatment from Russia, which came to a halt in February after Russia’s invasion of Ukraine, resumed after more than five months as the banks have started opening Letters of Credit (LCs) for the trade.

With the new development, importers sound confident that Russian products would be available in the local market by the first week of August 2022, bringing an end to the misery of hundreds of cancer patients and their families.

“We have formally received a nod from banks [for opening the LCs] recently and that formality has already been met by several importers,” said an importer.

“I think another week or so would take to fix different other formalities and restoration of shipments from Russia. By the end of the first week of August, I hope, the medicines will be available in the market. After the rupee depreciation over the past few months, the prices would not be the same but it would be still much less than the expensive, next-generation medicines being marketed by multinational pharmaceutical companies.”

It was in March 2022 when the Russia-Ukraine war put Pakistan’s healthcare system under a test of another kind, as the import of inexpensive medicines for cancer treatment from Russia came to a halt since the conflict began in February 2022 after banks stopped opening LCs for traders. This situation heaped misery on thousands of patients and their families, mostly belonging to the middle and lower-middle classes.

“The packages include monoclonal antibodies (MABs), a targeted drug therapy to treat different cancers,” said a local medicines supplier. “The MABs like Trastuzumab, Rituximab and Bevacizumab — all from Russia — are sold at half the price set by Drap [Drug Regulatory Authority of Pakistan] under its MRP [maximum retail price] mechanism. Unavailability of Russian or inexpensive medicines forced patients to either buy expensive chemotherapy drugs offered by multinational companies or switch to smuggled or unregistered medicines. But better late than never, it’s good that the imports are resuming.”

The situation during the last few months raised concerns and created a kind of uncertainty about the supplies of key medicines among the patients. For long-term and durable solutions, healthcare professionals seek permanent and long-term arrangements from the government.

“Due to the high cost of next-generation cancer medicines and equipment produced by American and European pharmaceutical companies, Pakistani authorities should collaborate with countries like Russia, Belarus, Cuba and Iran. These countries are fairly advanced in the field of biotechnology and produce inexpensive medicines and therapies,” said a senior Karachi oncologist.

Published in Dawn, July 25th, 2022

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Hard habits
Updated 30 Mar, 2025

Hard habits

Their job is to ensure that social pressures do not build to the point where problems like militancy and terrorism become a national headache.
Dreams of gold
30 Mar, 2025

Dreams of gold

PROSPECTS of the Reko Diq project taking off soon seem to have brightened lately following the completion of the...
No invitation
30 Mar, 2025

No invitation

FOR all of Pakistan’s hockey struggles, including their failure to qualify for the Olympics and World Cup as well...
New CEC?
Updated 29 Mar, 2025

New CEC?

The ruling parties should avoid getting involved in another controversy around the ECP.
Balochistan violence
Updated 29 Mar, 2025

Balochistan violence

How long can the state allow this unending cycle of violence in Balochistan to continue?
Turkiye protests
29 Mar, 2025

Turkiye protests

DAILY protests have continued in Turkiye since the arrest of Istanbul Mayor Ekrem Imamoglu on March 19. While the...