On the horizon

Appeals Court to rule on Ibnsina antitrust case on 16 July: The Cairo Court of Appeals is expected to rule on 16 July on Ibnsina Pharma’s appeal of antitrust sanctions imposed in a case brought by the Egyptian Competition Authority. A Cairo Economic Court had ruled in March that Ibnsina, United Pharma, Ramco Pharm and Multipharma had colluded to cut credit periods and slash discounts to small and medium sized pharmacies. The companies were fined a total of EGP 5.6 bn.