Med sales up 25% y-o-y in 2016, prices increases to drive growth in 2017

Med sales in Egypt increased by 25% to EGP 50 bn in 2016, Federation of Egyptian Chambers of Commerce’s pharma division chief Ali Auf said on Saturday, Al Mal reports. Recent government-sanctioned price hikes to meds are being credited with the jump in sales and are expected to drive further growth in sales this year to around EGP 65 bn, according to Auf.