The Health Ministry has accepted international pharma producers’ latest proposal for increasing prices — kind of. Health Minister Ahmed Rady approved in principle demands by the industry that 15% of meds produced locally, and 20% of all imported meds be raised on Saturday. The caveat: meds slated for a price increase will be classified into price tiers, with each tier rising by a set amount, Al Borsa reports. This comes after pharma manufacturers proposed raising the price of 15% of locally produced meds by 50% every six months. While some companies did accept the minister’s counter offer, sources tell the newspaper that most members of the Federation of Egyptian Industry’s pharma division plan to reject the proposal.