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15-Dec-2016

Health Ministry officially asks producers to send a list of medicines requiring a price increase

The Ministry of Health and Population has officially requested pharmaceutical producers submit a list of the medicines they which to increase their prices, limiting the list to 10% of local producers' medicines and 15% of products produced by multinationals or imported. The government’s previously announced proposal included increasing the prices for 10% of medicines by 50% every six months, while promising to partially exempt the producers from government related fees (utilities, tariffs, VAT). Al Borsa reports that multinationals still require increasing prices for more than 15% of medicines every six months. ( Al Borsa)

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