Egypt's pharmaceutical industry, the second
largest strategic industry in the country with a 18\% annual growth rate,
is in a great jeopardy unless the government took immediate measures to
address hurdles threatening the availability of local-made drugs, a
Federation of Egyptian Industries official said on Sunday.
Pharmaceutical companies are facing many hurdles, including the
inability of around 80 under-construction factories to get needed
registration for new pharmceuticals, lack of hard currency to buy raw
materials for drugs and the increase of water price - a main component in
the pharmaceutical industry, Mohi Hafez, head of the FEI Pharmaceutical
Industries Departmenat, told MENA.
He expressed hope that the Health Ministry would open the door for
registration of new pharmceutical drugs or else many factories would be
Having new pharmaceutical factories is very important, he said, noting
that the establishment of each plant costs between 100 to 1560 million
pounds and that it provides 8,000 jobs. That's why the door should be open
for registration of new medicines, he added.