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Deputy Sheikh Warns of Pharmacist Price Erosion
The article discusses the state of pharmacies in Egypt and their negative impact from rising costs and declining profit margins. Dr. Mohamed El Sheikh explains that most pharmacies are under financial pressure due to increasing rent, electricity bills, staff wages, and rising medication prices. He also clarifies that pharmacists are forced to sell at two different prices: selling boxes at amounts lower than the purchase price due to restrictions on medication pricing, which leads to erosion of their capital and causes some pharmacists to leave the market—especially amid the high exchange rate of the US dollar. He points out that financial burdens also include taxes, insurance, and the disposal of expired medicines, along with challenges posed by the spread of online applications that sell medications from unlicensed warehouses at discount prices of up to 20%. In conclusion, he indicates that the average pharmacist’s salary ranges between 12,000 and 18,000 Egyptian pounds per month, which is a significant burden on pharmacies, and reminds of the many graduates in the market, reflecting a difficult financial situation that threatens the sustainability of pharmacies.
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