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Communication / Conference: Falsified drugs would represent 15% of the medicine sold in Egypt

Communication / Conference: Falsified drugs would represent 15% of the medicine sold in Egypt


dostor.org


Since Egypt has allowed the Egyptian pound to float freely, goods’ prices, and especially drugs have soared in the country. As a result, for the same product, the price can rise three times from one pharmacy to another. Against this background, fake drugs market has soared in Egypt, raising concerns within the Ministry of Health. The Pharma Department of the Egyptian Chamber of Commerce estimates that the value of counterfeited medicines’ market in Egypt amounts to EGP 10 billion (or up to USD 566 million) and approximately 15% of the drugs in circulation would be counterfeited. The Industry Federation urges pharmacists to introduce a barcode system that would contribute to decrease effectively the number of fraudulent medicines.

 

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