Med prices are unlikely to increase again soon, says FEI’s pharma division

It is unlikely the Health Ministry will move to raise medication prices anytime soon since the FX rate has largely stabilized, deputy head of the Federation of Egyptian Industries’ pharma division Osama Rostom says, Al Mal reports. Rostom explained that the agreement the ministry had reached with pharma manufacturers back in January stipulated a review of meds prices in August only if FX rates increased or decreased significantly, which is not the case. Pharma companies, including Janssen Egypt, continue to push the ministry to raise prices following fuel price hikes. A white flag hoisted by a prominent industry representative should see those complaints quiet down.