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Monday, 28 November 2016

Consumer Protection Agency calls on Division of Pharma to withdraw confidence from El Ezaby

CPA chief Atef “Smiley Face” Yacoub is still going after Ahmed El Ezaby. The Consumer Protection Agency (CPA) is calling on the Federation of Egyptian Industries’ pharma division to call for a vote of no confidence on division head Ahmed El Ezaby, alleging that 216 brands of what it describes as “illegal, smuggled medicines” were allegedly found at three El Ezaby pharmacies on a raid last week, Al Mal reported. The agency has also recently raided the national chain Seif Pharmacy after it received reports of unregistered medications, head of the agency Atef Yacoub said. The CPA’s raids come as pharma retailers and manufacturers in general — and El Ezaby in particular — have loudly asked the Health Ministry to permit a repricing of meds after the float of the EGP, something ol’ Smiley Face is crusading to stop at all costs (pun most definitely intended). House Speaker Ali Abdelaal met with a delegation from the Federation of Egyptian Industries’ pharma division yesterday to discuss how to address the industry’s post-float concerns, Al Borsa reports.

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