It does not. However, quick ich contains formalin and formalin is a nasty chemical. It can be lethal to fish in high concentrations and it chemically removes oxygen from the water. Don't take my recommendation lightly, you are going to have to provide more than ample surface agitation if you use it. Especially if you raise Temps at the same time, which you should. 
If I may make 3 recommendations about your setup:
1 I would ditch the fake plants. Once the pandas settle in and get healthy again, they will start to chew on them.
2 get your nitrates down. For most fish keepers, 20 ppm is alright, but not for these guys. My nitrates stay at 5 or lower, and if I slack on water changes my pandas get dull looking and are less active. The slightest changes in water affect them. 
3 at this point, don't concern yourself with ph. 7.2 is entirely reasonable right now. I would look into water hardness. For now, I would grab a gh and kh test kit and see what your tap reads. Have you read through the whole thread? I recommend you