Saudi Press

Saudi Arabia and the world
Monday, May 27, 2024

Health warning for Egypt’s pharmaceutical industry

Health warning for Egypt’s pharmaceutical industry

Urgent action is needed to safeguard the future of Egypt’s pharmaceutical industry, a specialist has warned.
Ahmed Galal, a leading figure in the industry, told Arab News the pharmaceutical sector faces significant challenges adapting to the global market, as well as “aligning with modern technology to deliver effective medicine at an affordable price.”

His comments came after a parliamentary session on Saturday in which MPs discussed a specialist report outlining a strategy to “future-proof” the pharmaceutical industry.

The report urged the government to adopt new financing policies for the sector, warning that current exchange rate fluctuations are hindering the industry, particularly small and medium-sized companies.

“National drug security and the well-being of the Egyptian patient are most affected in the event of the pharmaceutical industry’s collapse,” Galal said.

“Urgent action is needed to preserve this industry. This should be a priority and must be supported by every patriotic Egyptian,” he added.

“Drug consumption in Egypt has seen a significant rise recently due to the increasing population numbers, improved health awareness, and development of health care programs. While the pharmaceutical industry in Egypt is among the most successful, its primary market is local due to its focus on producing traditional medicines. These lack innovative elements that could secure a place in the new global market.”

He highlighted the need to “strike a balance between purchased technology and that which can be self-developed, to ensure the provision of safe, effective, high-quality medicine in adequate quantities, and at a price that is affordable to all.”

Egypt’s pharmaceutical industry has a rich history going back decades, and has played a vital role in the country’s economy and health care system.

However, the industry’s future will depend on how successfully it can navigate a host of challenges and adapt to changing market conditions.

Key issues, such as adopting modern pharmaceutical technology, providing high-quality medicines at affordable prices, and maintaining a balance between domestic production and imports, need to be addressed.

Recommendations laid out in the report provide a blueprint for the industry’s development and present an opportunity for stakeholders to work together toward a sustainable sector.

Dr. Mona Salem, a physician and pharmaceutical activist, said: “Egypt must implement policies consistent with the World Health Organization’s recommendations to ensure the appropriate use of medicines. It should work toward providing the necessary infrastructure to supervise and regulate the use of medicines, and train and monitor prescribers to guarantee the provision of safe, effective, and high-quality medicine.”

Egypt’s drug industry dates back to 1939 with the establishment of Misr Pharmaceuticals.

The country is one of the largest drug producers in the Middle East and Africa, and is ranked as the fourth most attractive drug market in Africa.
The report said that the high quality and reasonable prices of Egyptian medicines make the country a coveted destination for investment in the
pharmaceutical sector.

The industry also benefits from low labor costs and a large number of skilled pharmacists.

According to the report, there are about 170 licensed drug-producing factories in Egypt, with another 254 under construction.

The private sector owns 152 factories, the public and business sector controls nine, and multinational companies own another nine.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
US and UK to Reject ICJ Ruling on Israel's Rafah Offensive
World Court Orders Immediate Halt to Israeli Offensive in Gaza
Global Life Expectancy Dropped By 2 Years Due To COVID-19
US Refuses World Court Jurisdiction
Norway, Ireland, and Spain Recognize Palestinian State
Iran President Ebrahim Raisi's Death Alters Succession Dynamics
ICC Seeks Arrest Warrants for Israeli and Hamas Leaders
Death of Iran's President Raisi Stirs Succession Race for Supreme Leader
Saudi Arabia's Flourishing Venture Capital Sector Attracts International Investments
Saudi Aviation Sector Boosts Economy with $21 Billion Contribution
Blinken orders crackdown on Israel-Hamas leaks
Future Aviation Forum 2024 to Propel Saudi Arabia’s Vision 2030
What Happens If an Iranian President Dies in Office?
Iranian President Ebrahim Raisi Reportedly Killed in Helicopter Crash
Saudi Arabia Advances Procurement and Supply Chain Innovation
Saudi Arabia’s Holdings in US Treasuries Rise to $135.9 Billion
Saudi Arabia Emerges as a Hub for Sustainable Technology Manufacturing
UN General Assembly Approves Palestinian Membership Bid
Teens Forming Friendships with AI Chatbots
WhatsApp Rolls Out Major Redesign
Neuralink's First Brain Implant Experiences Issue
Apple Unveils New iPad Pro with M4 Chip, Misleading AI Claims
OpenAI to Announce Google Search Competitor
Apple Apologizes for Controversial iPad Pro Ad Featuring Instrument Destruction
FedEx Airlines Boeing 767 cargo plane lands on nose at Istanbul Airport
Apple Faces Significant Sales Decline Amid AI Integration Delay
Netanyahu's Firm Stance Amid Rafah Hostage Talks
BlackRock to Establish Saudi Investment Firm
Dubai's New Al Maktoum International Airport: World's Largest with ₹2900 Crores Investment, 5 Runways, and 260 Million Annual Capacity
New UK Laws: Banning Weak Passwords for Internet-Connected Devices to Enhance Cybersecurity
Blinken on Gaza: Ceasefire is Key to Humanitarian Crisis Resolution
UAE Prime Minister Announces $544M for Home Repairs after Historic Rains, Vows to Learn from Experience
Germany Sends New Frigate to Red Sea to Protect Ships Amid Houthi Attacks
Isfahan Explosions: US Media Reports Israel's Retaliatory Strikes on Iran
Four Dead, Dubai Airport Disrupted: UAE's Heaviest Rains in 75 Years Cause Flooding and Flight Chaos
Dubai's Historic Flooding: Homes Ruined, Airport Disrupted Due to Lack of Storm Drains
Meteorologist Warns of 'Weather Wars' Amid Debate over Dubai Rain and Cloud Seeding
Saudi Arabia Leads in Artificial Intelligence Development: Ranked First by Stanford University Index
Dubai's Airport and Roads Disrupted for Third Day Amid Heavy Rain and Flooding: 1,285 Flights Cancelled or Diverted
Doha Hamad Overtakes Singapore Changi as World's Best Airport in Skytrax Awards 2024
Dubai Airports: Stranded Tourists 'Living on Duty Free,' Desperate for Food and Water
Turkish President Erdogan to Host Hamas Leader Haniyeh Amidst Israel Tensions
BOEING WHISTLEBLOWER: THE MAX AIRPLANE IS NOT SAFE!!!
Creative menu of a Pizza restaurant..
Heavy Rains Cause Flooding in UAE and Oman: 18 Lives Lost
Look at this weather in Dubai. It looks like the end of days
You can be a very successful player, but a player with character is another level!
Come to Dubai, ya Habibi
Stay safe, ya Habibi
Dubai underwater, Influencers are stranded in their Rolls Royces in flooded roads as skies turn black in apocalyptic scenes as storm hits region.
×