{"id":635373,"date":"2017-12-03T04:01:53","date_gmt":"2017-12-03T04:01:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/03\/alleged-penicillin-shortages-revives-push-for-raising-med-prices\/"},"modified":"2017-12-03T04:01:53","modified_gmt":"2017-12-03T04:01:53","slug":"alleged-penicillin-shortages-revives-push-for-raising-med-prices","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/03\/alleged-penicillin-shortages-revives-push-for-raising-med-prices\/","title":{"rendered":"Alleged penicillin shortages revives push for raising med prices"},"content":{"rendered":"

Penicillin prices have reportedly skyrocketed to EGP 250 on the black market, from an original EGP 7 for local products and EGP 9 for imports, due to a severe shortage in supply, head of the Egyptian Center for the Right to Medicine Mahmoud Fouad tells Al Shorouk<\/a>.
\nHealth Ministry spokesperson Khaled Megahed refuted these reports, saying that the ministry has been supplying the market and recently signed for another shipment of 1 mn units. The alleged shortage has revived pharma companies\u2019 push to raise med prices, which Sun Pharma\u2019s General Manager Hany Mashaal said<\/a> is necessary to offset companies\u2019 losses on several products. Mashaal\u2019s statement comes after the Federation of Egyptian Industries\u2019 (FEI) pharma division took to the House of Representatives last week<\/a> to make their case that the pharma industry is going through a \u201ctough time\u201d because med prices have been stable since January in a high-inflation environment.<\/p>\n","protected":false},"excerpt":{"rendered":"

Penicillin prices have reportedly skyrocketed to EGP 250 on the black market, from an original EGP 7 for local products and EGP 9 for imports, due to a severe shortage in supply, head of the Egyptian Center for the Right to Medicine Mahmoud Fouad tells Al Shorouk. Health Ministry spokesperson Khaled Megahed refuted these reports, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9314],"tags":[72,2400],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-635373","post","type-post","status-publish","format-standard","hentry","category-health-education","tag-enterpriseam","tag-health-education","wpautop","entry"],"acf":{"mongo_id":"3cb8eac8-6b8e-46d9-9df8-7cb7881c413a","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[635338],"teaser":"","voice_url":""},"yoast_head":"\nAlleged penicillin shortages revives push for raising med prices - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/03\/alleged-penicillin-shortages-revives-push-for-raising-med-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alleged penicillin shortages revives push for raising med prices\" \/>\n<meta property=\"og:description\" content=\"Penicillin prices have reportedly skyrocketed to EGP 250 on the black market, from an original EGP 7 for local products and EGP 9 for imports, due to a severe shortage in supply, head of the Egyptian Center for the Right to Medicine Mahmoud Fouad tells Al Shorouk. Health Ministry spokesperson Khaled Megahed refuted these reports, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/03\/alleged-penicillin-shortages-revives-push-for-raising-med-prices\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-03T04:01:53+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/03\/alleged-penicillin-shortages-revives-push-for-raising-med-prices\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/03\/alleged-penicillin-shortages-revives-push-for-raising-med-prices\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Alleged penicillin shortages revives push for raising med prices\",\"datePublished\":\"2017-12-03T04:01:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/03\/alleged-penicillin-shortages-revives-push-for-raising-med-prices\/\"},\"wordCount\":156,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Health + Education\"],\"articleSection\":[\"Health + Education\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/03\/alleged-penicillin-shortages-revives-push-for-raising-med-prices\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/03\/alleged-penicillin-shortages-revives-push-for-raising-med-prices\/\",\"name\":\"Alleged penicillin shortages revives push for raising med prices - 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The country\u2019s stock of penicillin will be sufficient\u2026","rel":"","context":"In "Health + Education"","block_context":{"text":"Health + Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/health-education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626439,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/02\/fei-pharma-division-plans-to-officially-petition-health-ministry-to-raise-med-prices\/","url_meta":{"origin":635373,"position":1},"title":"FEI pharma division plans to officially petition Health Ministry to raise med prices","author":"enterpriseam admin","date":"2 July 2018","format":false,"excerpt":"Members of the Federation of Egyptian Industries\u2019 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\u2026","rel":"","context":"In "Health + Education"","block_context":{"text":"Health + Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/health-education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":635755,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/12\/public-funds-prosecution-investigates-acdima-over-penicillin-shortage\/","url_meta":{"origin":635373,"position":2},"title":"Public Funds Prosecution investigates ACDIMA over penicillin shortage","author":"enterpriseam admin","date":"12 December 2017","format":false,"excerpt":"A prosecutor\u2019s office in charge of investigating the misuse of public funds is probing the Arab Company for Drug Industries and Medical Appliances (ACDIMA) amid allegations it engaged in monopolistic practices that resulted in a penicillin shortage in the local market, Al Masry Al Youm reports. The Health Ministry is\u2026","rel":"","context":"In "Health + Education"","block_context":{"text":"Health + Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/health-education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637014,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/med-prices-are-unlikely-to-increase-again-soon-says-feis-pharma-division\/","url_meta":{"origin":635373,"position":3},"title":"Med prices are unlikely to increase again soon, says FEI\u2019s pharma division","author":"enterpriseam admin","date":"6 November 2017","format":false,"excerpt":"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\u2019 pharma division Osama Rostom says, Al Mal reports. Rostom explained that the agreement the ministry had reached with pharma manufacturers back\u2026","rel":"","context":"In "Health + Education"","block_context":{"text":"Health + Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/health-education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627900,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/14\/pharma-companies-are-using-higher-electricity-prices-as-a-pretext-to-call-for-a-med-price-raise\/","url_meta":{"origin":635373,"position":4},"title":"Pharma companies are using higher electricity prices as a pretext to call for a med price raise","author":"enterpriseam admin","date":"14 June 2018","format":false,"excerpt":"Pharma companies are using higher electricity prices as a pretext to call for higher med prices: Pharma manufacturers are planning on petitioning the Health Ministry to increase the prices of a number of medications, using the upcoming increase in electricity prices as justification, according to Gamal El Leithy, a member\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":636098,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/prosecutors-orders-arrest-of-former-acdima-head-for-penicillin-shortage\/","url_meta":{"origin":635373,"position":5},"title":"Prosecutors orders arrest of former ACDIMA head for penicillin shortage","author":"enterpriseam admin","date":"20 December 2017","format":false,"excerpt":"Financial crimes prosecutors ordered on Sunday the arrest of the former president of the Arab Company for Drug Industries and Medical Appliance\u2019s (ACDIMA) Medhat Shaarawi, on charges of causing a penicillin shortage in the local market, Al Masry Al Youm reports. 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