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Egypt introduces new drug pricing system
The Egyptian Drug Authority is planning to implement a new pricing mechanism for medications, which involves replacing the pharmacy price with a QR code (Quick Response Code) on the packaging. This aims to facilitate the verification of prices and scientific details of drugs. This step is part of the digital tracking system ("Pharmaceutical Tracking") that was launched last year, designed to combat counterfeit drugs and improve market monitoring. However, there are concerns that this approach might enable manipulation of drug prices or make it more difficult for some citizens to access information easily. The Drug Authority affirms that these measures are intended to stabilize the market and enhance competitiveness, and that they will only increase prices with the authority’s approval. Nonetheless, some experts and citizens have expressed concerns about the potential impact on price transparency and ease of access, particularly in popular areas.
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