Drug prices in Egypt spike by 25%-30%: pharma division head

Ouf added that the drug shortage in the local market in the past few months has begun to ease in the last three weeks and is expected to be resolved within the next two months.

He also noted that the price increases were applied to antibiotics, chronic diseases, diarrhoea, and allergies. 

Furthermore, Ouf explained that the EGP 7 billion that the government had allocated to solve the crisis of medicine and medical supplies would be used to support production lines, purchase raw materials, and develop factories. 

The Egyptian government had allocated EGP 7 billion to address the lack of medicine and medical supplies in a meeting in New Alamein city in August 2024.