Pharmaceuticals News
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Health Minister announces that Egypt’s drug shortage crisis will end in 2-3 months
Minister of Health and Population Khaled Abdel-Ghaffar announced on Tuesday that the medicine shortage crisis in Egypt will end within 2-3 months.
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Financial Regulatory approves capital increase for Memphis Pharmaceutical
Memphis is one of the oldest pharmaceutical and chemical companies in the Middle East and has been in the market since 1940.
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Egypt’s medicine shortage will be resolved by end of July
He also commented on the Egyptian Drug Authority’s (EDA) decision to raise drug prices by 25 percent to 50 percent and the shortage of drugs.
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Pharmaceutical market in Egypt: Severe shortage vs price spikes
These increases are expected to continue because some companies are halting production until the prices of medics are adjusted.
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Egyptian Drug Authority launches service for inquires on drug availability
It provides information about the drug that the patient is searching for, and then the relevant department of the EDA responds to the person.
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Egyptian Drug Authority explains digital medicine leaflets project
The new digital medicine leaflets project will allow for trading pharmaceutical leaflets electronically, utilizing QR codes on packages.
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Egypt's efforts to ensure fair drug pricing
Egypt is taking significant steps to regulate its pharmaceutical sector. These efforts are poised to bring about greater transparency, and fairness.
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Egypt to set up $169.7mln strategic pharmaceuticals warehouses
The warehouses’ construction is set for completion within the coming year, the official added.
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Rising cost of medicine in Egypt poses risk to ‘thousands of pharmacies’
The EDA’s “decisions over (recent) years to raise the prices of certain types of medicine have resulted in the closure of about 1,500 pharmacies,”.
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Egypt, Iraq Discuss Cooperation in Drug Export, Registration
Abdel Ghaffar lauded deeply-rooted relations binding Egypt with Iraq and their continued coordination in all domains.
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Egypt’s Eva Pharma gears up to roll out veterinary vaccines from its new complex
The company has already invested EGP 980 mn on the first phase of the EGP 1.8 bn complex.
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Health ministry issues over 300,000 treatment decisions at state expense in Ramadan
The project happened in all governorates of the republic, at a total cost of more than LE1.7 billion during the holy month of Ramadan.
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Egyptian digital marketplace Pharmacy Marts raises 6-figure bridge round
The platform allows pharmacists to search online for the products missing in their inventory, all the way to choosing suppliers and ordering.
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Rameda reports 37% year-over-year increase in 4Q23 revenue to EGP 534m
The company’s revenues rose by 37% year-over-year to EGP 534m in 4Q23, fueled by robust growth across all Rameda’s sectors.
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Egypt’s Pharmacy Marts secures bridge round from Acasia Ventures
Pharmacy Marts claims to have covered 20 per cent of Egypt’s total market, and boasts over 200 suppliers on its platform.
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Health Minister discusses means to boost cooperation to export medicine, medical cosmetics to Africa
Spokesman for the Health Ministry said that the minister urged the members of the EFIA to form a workgroup with some African countries.
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GlaxoSmithKline Egypt concluded 2023 with significant sales leap, exceeding two billion pounds
he company's financial performance for 2023 reflected strong results, with sales reaching 2.24 billion Egyptian pounds, a 23% increase.
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Egypt begins immediate release of food commodities and medicines
At the same time, the government decision to exempt about 12 goods from duties for a period of six months expires on April 10.
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Egypt’s Health Ministry discusses cooperation with AstraZeneca
The meeting reviewed the previous cooperation projects, especially the partnership between the ministry, AstraZeneca, Philips, and the London School.
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Kahira Pharmaceuticals’, Egypt profits climb 140.7% in 6 months
Kahira Pharmaceuticals is an Egypt-based company involved in the manufacture and trade of pharmaceutical products for human and veterinary use.