{"id":648678,"date":"2017-04-09T04:01:23","date_gmt":"2017-04-09T04:01:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/med-sales-up-25-y-o-y-in-2016-prices-increases-to-drive-growth-in-2017\/"},"modified":"2017-04-09T04:01:23","modified_gmt":"2017-04-09T04:01:23","slug":"med-sales-up-25-y-o-y-in-2016-prices-increases-to-drive-growth-in-2017","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/med-sales-up-25-y-o-y-in-2016-prices-increases-to-drive-growth-in-2017\/","title":{"rendered":"Med sales up 25% y-o-y in 2016, prices increases to drive growth in 2017"},"content":{"rendered":"<p>Med sales in Egypt increased by 25% to EGP 50 bn in 2016, Federation of Egyptian Chambers of Commerce\u2019s pharma division chief Ali Auf said on Saturday, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=08042017&id=02ab1796-6276-4733-a615-cd0d855af78a\">Al Mal reports<\/a>. Recent government-sanctioned price hikes to meds are being credited with the jump in sales and are expected to drive further growth in sales this year to around EGP 65 bn, according to Auf.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Med sales in Egypt increased by 25% to EGP 50 bn in 2016, Federation of Egyptian Chambers of Commerce\u2019s pharma division chief Ali Auf said on Saturday, Al Mal reports. Recent government-sanctioned price hikes to meds are being credited with the jump in sales and are expected to drive further growth in sales this year [&hellip;]<\/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-648678","post","type-post","status-publish","format-standard","hentry","category-health-education","tag-enterpriseam","tag-health-education","wpautop","entry"],"acf":{"mongo_id":"e0427c71-ca89-4ee5-8fa0-ff9bd9af2834","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[648638],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Med sales up 25% y-o-y in 2016, prices increases to drive growth in 2017 - 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\/04\/09\/med-sales-up-25-y-o-y-in-2016-prices-increases-to-drive-growth-in-2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Med sales up 25% y-o-y in 2016, prices increases to drive growth in 2017\" \/>\n<meta property=\"og:description\" content=\"Med sales in Egypt increased by 25% to EGP 50 bn in 2016, Federation of Egyptian Chambers of Commerce\u2019s pharma division chief Ali Auf said on Saturday, Al Mal reports. Recent government-sanctioned price hikes to meds are being credited with the jump in sales and are expected to drive further growth in sales this year [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/med-sales-up-25-y-o-y-in-2016-prices-increases-to-drive-growth-in-2017\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-09T04:01:23+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/med-sales-up-25-y-o-y-in-2016-prices-increases-to-drive-growth-in-2017\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/med-sales-up-25-y-o-y-in-2016-prices-increases-to-drive-growth-in-2017\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Med sales up 25% y-o-y in 2016, prices increases to drive growth in 2017\",\"datePublished\":\"2017-04-09T04:01:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/med-sales-up-25-y-o-y-in-2016-prices-increases-to-drive-growth-in-2017\/\"},\"wordCount\":71,\"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\/04\/09\/med-sales-up-25-y-o-y-in-2016-prices-increases-to-drive-growth-in-2017\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/med-sales-up-25-y-o-y-in-2016-prices-increases-to-drive-growth-in-2017\/\",\"name\":\"Med sales up 25% y-o-y in 2016, prices increases to drive growth in 2017 - 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Novartis the industry chart with revenues of EGP 1.8 bn, followed by GlaxoSmithKline at EGP 1.4 bn. France\u2019s\u2026","rel":"","context":"In &quot;Health + Education&quot;","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":649243,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/pharma-companies-sales-reach-egp-11-5-bn-in-1q2017\/","url_meta":{"origin":648678,"position":1},"title":"Pharma companies\u2019 sales reach EGP 11.5 bn in 1Q2017","author":"enterpriseam admin","date":"26 April 2017","format":false,"excerpt":"Pharma companies\u2019 local sales increased 30% y-o-y in 1Q2017 to reach EGP 11.5 bn, Al Borsa reports, citing a report from American healthcare information company IMS Health. According to the report, Novartis\u2019 achieved the highest sales of the quarter at EGP 980 mn, marking a 32% y-o-y increase.","rel":"","context":"In &quot;Health + Education&quot;","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":651623,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/16\/indias-sunpharma-reconsiders-egypt-exit-expects-50-growth-in-sales\/","url_meta":{"origin":648678,"position":2},"title":"India\u2019s SunPharma reconsiders Egypt exit, expects 50% growth in sales","author":"enterpriseam admin","date":"16 February 2017","format":false,"excerpt":"The Health Ministry\u2019s decision to raise the prices of meds has driven India\u2019s SunPharma to reconsider their Egypt exit strategy, head of SunPharma Egypt Hany Meshaal told Al Borsa. The company recently launched its own factory in Six of October with an annual capacity of 500 mn, he said, with\u2026","rel":"","context":"In &quot;Health + Education&quot;","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":652310,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/health-ministry-refuses-to-define-chronic-diseases\/","url_meta":{"origin":648678,"position":3},"title":"Health Ministry refuses to define \u201cchronic diseases\u201d","author":"enterpriseam admin","date":"5 January 2017","format":false,"excerpt":"The Health Ministry will not respond to pharma manufacturers\u2019 calls to define what chronic diseases are, Al Mal said. It is \u201ca nonsensical request,\u201d the ministry said, as this should be the companies\u2019 basic knowledge, according to Al Mal. Pharma producers haveasked the government to define for them what it\u2026","rel":"","context":"In &quot;Health + Education&quot;","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":555493,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/16\/earnings-watch-fawry-elsewedy-electric-gb-auto-and-rameda\/","url_meta":{"origin":648678,"position":4},"title":"Earnings watch: Fawry, Elsewedy Electric, GB Auto, and Rameda","author":"enterpriseam admin","date":"16 November 2021","format":false,"excerpt":"E-payments giant Fawry saw its bottom line ease 26% to EGP 36.1 mn in 3Q2021, according to its earnings release (pdf). 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