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Tuesday, 19 July 2016

Health ministry source says there is “deep shortage” of major pharma products, to be resolved by 2017

Compounds to treat blood diseases and cancer are in exceptionally short supply as a result of the FX crisis, an unnamed ministry official told Youm7 yesterday. The source added that this shortage is likely to be resolved by 2017, at which time the benefits of the government allowing a 20% price increase on compounds priced under EGP 30 will take effect. It is unclear, however, whether his remarks have taken into consideration the threat by a number of multinational manufacturers to curtail supplies to Egypt of products currently prices over EGP 30 if the government does not allow them to increase retail prices, which we noted yesterday.

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