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Wednesday, 2 November 2016

Pharma companies say they will press for moving prices after devaluation

Pharma companies will further press their demands that prices of meds be allowed to move, following the devaluation, said Osama Rostom, member of the pharma division of the Federation of Egyptian Industries. Manufacturers have been threatening to cut production if the government doesn’t move prices on meds priced over EGP 30, with confirmed reports emerging that they have followed through on that threat and cut production by 50%.

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