Shell invests in Mina West gas development in Egyptian Mediterranean Sea    Egypt's FM highlights 'soft power' in Mali meeting with alumni    Egypt's foreign minister opens business forum in Niger, targets new partnerships    Egypt's FM delivers Al-Sisi message to Niger's leader, seeks deeper security ties    Rafah Crossing 'never been closed for one day' from Egypt: PM    Egypt will keep pushing for Gaza peace, aid: PM    Remittances from Egyptians abroad surge 70% YoY in July–May: CBE    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    Egypt's current account gap narrows, but overall BoP records deficit    Al-Sisi urges accelerated oil, gas discoveries, lower import bill    Egypt hosts international neurosurgery conference to drive medical innovation    Egypt's EDA discusses Johnson & Johnson's plans to expand investment in local pharmaceutical sector    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    EGX to close Thursday for July 23 Revolution holiday    Egypt, Senegal sign pharma MoU to unify regulatory standards    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Parliament's Health Committee demands formation of fact-finding committee after first request expired
The shortage in medicines is expected to continue with the increase in the price of the US dollar on the unofficial market
Abdel Razek Al Shuwekhi Published in Daily News Egypt on 11 - 10 - 2016

Parliamentary sources said that the Health Committee has once again requested the formation of a fact-finding committee on the medicine crisis that continues to escalate with the increasing price of the US dollar on the unofficial market.
The sources added that the 31 requests presented to the parliamentary committee for forming a fact-finding committee, including those containing provisions for the creation of a committee focused on current medicine issues, have now expired due to the end of the first legislative term.
Head of the Health Committee, Magdy Morshed, said it was no secret that price manipulation and shortages exist within the medicine market. He further stated that some medicines are being monopolised by companies, and that expired and fake medicines are often recycled and marketed to patients.
He added that the committee would discuss the issue of state-owned pharmaceutical companies along with other factors that have exacerbated the current crisis. The privatisation of these companies could be a possible solution; however, it is better to have better methods of evaluation so that stronger results can be obtained.
Morshed said that the crisis is expected to worsen in the coming period with the increase of the price of the US dollar in unofficial markets to over EGP 14.
He also said that the current issue is not the increase in the US dollar's price, but that companies lack the financial ability to purchase raw materials under the exchange firm's closing doors.
"There is an inventory shortage in over 900 medicines and the shortage in foreign currency presents a crisis because 95% of the ingredients for medicine in Egypt is imported," according to Morshed. He further stated that this is an issue that will be dangerous for manufacturers.

Clic here to read the story from its source.