Health Ministry reports show no intention of increasing medication prices, but multinational manufacturers are pushing for a mandated price hike in August, said Osama Rostom, vice chairman of the Federation of Egyptian Industries’ pharma division, according to Ahram Gate. His statements came as the ministry completed assessing prices on 1,200 meds so far, says division member Mohey Hafez. The committee is scheduled to submit a status report to the House of Representatives in August.
More from Enterprise
CIB says it received the green light to start due diligence on HSBC Egypt’s retail franchise
CIB is not the only potential suitor for HSBC’s retail…
Retail investors now have direct access to five EFG Hermes mutual funds
The move is the latest step in EFG Hermes’ push…
Under-construction data centers tap ratings to fund AI buildup
Developers are securing investment-grade ratings to unlock new pools of…
Bahrain’s Beban eyes Egypt launch with equity crowdfunding model
Mohamed Aboulnaga’s Foras AI raises stake as Beban seeks FRA…