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Sunday, 15 January 2017

Prices of meds rise as pharma, gov’t go on the PR offensive

An agreement on pricing between the pharma industry and the Ismail government dominated the airwaves last night. (We have additional coverage in Speed Round, below).

Lamees Al Hadidy interviewed Rasha Zeyada, the Health Ministry’s undersecretary for pharma industry affairs, who repeated Health Minister Ahmed Rady’s statements that the new prices are only for meds manufactured after the date of the agreement. “Our inspection committee monitored the market on Saturday and we noticed that all pharmacies are selling with the usual prices,” she said. (watch; runtime: 8:35).

New prices should hit stores within a month, Ahmed El Ezaby told Amr Adib on Kol Youm. El Ezaby, of the chain of retailers by the same name, is also head of the Federation of Egyptian Industries’ pharma division. He noted that consumers can make certain they’re not being taken advantage of by looking at the pricing printed on boxes (watch; runtime: 6:22). Division member Hossam Aboul Enin defended the new price scheme (watch: runtime: 8:34). Pharmacists are still grumbling that they were not included on the Health Ministry’s pricing committee and are demanding they be guaranteed 20-25% profit margins, according to Pharmacist Syndicate sec-gen Ayman Osman speaking with Al Hayah Al Youm’s Lobna Assal (watch; runtime: 2:33).

Lamees also discussed reports that EgyptAir flight MS 804 from Paris to Cairo crashed because of an iPhone battery explosion, with investigator Hani Galal criticizing the suggestion, which emerged over the weekend (watch; runtime: 4:07)

Cutting out the middleman: Adib spoke with Morshedy Group chief Mohamed Al Morshedy, who suggested launching helping curb inflation by launching what he calls “open day markets” that would see manufacturers sell directly to consumers (under government supervision, of course) to cut out wholesales and traders (watch: runtime: 3:37). Is there a “poop” emoji here somewhere?

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