The Health Ministry will begin implementing its digital tracking system to monitor the distribution and sales of meds by the end of the year, deputy head of the Federation of Egyptian Industries’ pharma division Riad Armanious said yesterday, according to Masrawy. The system, which is meant to help prevent locally manufactured products from being smuggled for exports and ensure expired meds are recalled from the market, will require local pharma manufacturers and distributing companies to enter a barcode into the database for every medication in the market since 1 January of this year, Health Ministry official Rasha Ziad said earlier this year. The ministry had announced its plans to create the database last year, after it struggled to keep expired meds off the market following its decision to implement price increases.
More from Enterprise
FM Abdelatty pitches SCZone to Brazilian and Indian investors
Plus: CIB gears up to launch digital bank Yomo in…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
New tax bill heads to House ahead of July rollout
The new package scraps the contentious capital gains tax, overhauls…
Fawry overhauls subsidiary leadership with new Fawry Plus, Fawry MSME heads
The fintech pioneer taps Group CFO Abdelmeguid Afifi to run…