The Minister of Health and Population has agreed on the proposals proposed by pharmaceutical companies that includes increasing prices of 15% of local producers registered medicines and 20% of foreign producers medicines, every sixth months, but with different rates depending on drugs selling price, according to sources speaking to Al Borsa. The approved proposal by the minster includes: i) 50% increase for medicines selling for less than EGP30, ii) 30% for medicines selling between EGP30-50, iii) 25% for medicines selling between EGP50-100, and iv) 20% for medicines selling for more than EGP100. Al Borsa sources added that the Chamber of Pharmaceutical Producers had submitted a letter to the Ministry of Health requesting increasing prices of 15% of medicines by 50% (across the board of different price levels). It is worth noting that the majority of  EIPICO’s (PHAR.CA) medicines sell for less than EGP30. (Al Borsa, Wafaa Baddour, Adham El Badrawy)   EIPICO: EGP85.00 as of 15 Dec 2016, Rating: Buy, TP: EGP105.00/share, MCap: USD368mn, PHAR EY / PHAR.CA