Pre-Trading Thoughts

Will EGP flotation trigger drug price revisions? Thoughts on potential impact on producer sales and FVs According to local media, Egyptian drug producers intend to officially request for a price increase of at least 50% during their upcoming meeting with EDA to absorb the rise in production costs. Accordingly, we expect a gradual increase in drug prices to be implemented soon, reflecting a positive impact on pharma market growth as well as producers’ revenues and gross profit throughout 2024....