The Health Committee in the Parliament has backed out from its earlier refusal to raise medicine prices, and is now drafting a proposal for price increases to be submitted to the Ministry of Health and Population. The proposal includes increasing prices by 60% in two phases; 30% for each phase, as well as decreasing the prices of highly profitable medicines to the extent that their profit margin do not exceed 25%. Furthermore, the Chamber of Pharmaceutical Producers suggested a proposal to raise the prices of 15% of medicines by 50%, every six months, starting next year. (Al Borsa)