Pharma firms begin receiving new pricing guidelines: Pharma companies have begun receiving new pricing guidelines from the Egyptian Drug Authority, the head of the Federation of Egyptian Chambers of Commerce’s pharma division Ali Auf told Enterprise. The hikes will start with just one product for each company — namely their most profitable.

Expect to see price hikes ranging from 10-50%: Price hikes will vary depending on each company’s cost criteria, with the hikes expected to range from 10-50%. Meds for chronic conditions will see smaller increases than those for non-chronic diseases, Auf added.

You might be able to get your meds at the current price if you head to your local pharma quick? Price increases will only apply to newly-produced medication and will not include products that are already on the shelves, Auf added.

What’s next: The EDA will continue to review new pricing guidelines for the remaining pharma products submitted by each company, Auf said.

Proponents of the price hikes say higher prices will end shortages: Shortages of some meds in the Egyptian market — an all too familiar situation for many of us — will be resolved within the next ten days, Auf forecasted..

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