FEI pharma division plans to officially petition Health Ministry to raise med prices

Members of the Federation of Egyptian Industries’ pharma division agreed last week to present a formal petition to Health Minister Hala Zayed this week to raise med prices, division member Gamal El Leithy said. According to El Leithy, the most recent increase in fuel prices and electricity tariffs, along with a global rise in the cost of raw materials make raising med prices a necessity. Manufacturers are also looking into alternative scenarios to raising prices, including cutting taxes on factories and waiving VAT for pharma companies. Pharma companies have been trying to push for higher med prices since their last “limited” price hike was approved in January.