News

HDA Media And Political Bulletin – 30 November 2016

Egypt Crisis: Medicine Shortages Rise As Currency Values Fall In Unstable Country

23 Nov 2016, International Business Times, Juliana Pignataro

 

Egypt is facing drug shortages due to the fall in the value of its currency. Pharmacies across Egypt are reporting falling supplies of drugs, including life-saving cancer drugs, insulin, contraceptives, tetanus shots and other medications. The depreciated value of the currency in combination with Government-set price caps have caused pharmacies to cut supplies and halt imports of expensive drugs. The Government’s Health Ministry have said that the drug shortages are due to citizens stockpiling drugs and are not a result of the currency value drop.

 

Parliamentary Coverage

House of Commons Questions, Pharmacy, 29 Nov 2016

Health

 

Diana Johnson: What assessment the Regulatory Policy Committee has made of the regulatory impact assessment published by his Department in relation to recently announced plans for community pharmacy.

 

Department of Health

 

David Mowat:

Under the Better Regulation Framework, the provision of public services by commercial organisations, such as community pharmacies, does not constitute a business activity.

 

The provision of NHS Pharmaceutical Services is therefore exempt from the Better Regulation principles and it would not have been appropriate to seek any assessment from the Regulatory Policy Committee for our proposals for community pharmacy in 2016/17 and beyond.

Full Coverage

Egypt Crisis: Medicine Shortages Rise As Currency Values Fall In Unstable Country

23 Nov 2016, International Business Times, Juliana Pignataro

 

Egypt is facing a medical crisis in the wake of a drop in the value of its pound. Pharmacies across the country are running out of necessary medications, Reuters reported Wednesday. Supplies of life-saving cancer drugs are dwindling, along with insulin, contraceptives, tetanus shots and other medications.

 

Egypt floated its currency Nov. 3, allowing its pound to halve in value. The country has been in turmoil since the ousting of former president Hosni Mubarak in 2011. The currency floatation was intended to help Egypt’s government secure a $12 billion loan from the International Monetary Fund to help investment and growth.

 

The currency’s lower value combined with government-set price caps on drugs have forced pharmacies to cut supplies or stop importing expensive medicines and ingredients.

 

“We aren’t a charity,” Said Ibrahim, factory manager at EIPICO, one of Egypt’s largest pharmaceutical corporations, told Reuters. “We have expenses and production costs and if a company isn’t making a profit it will have to halt production.”  About 1,600 drugs are in short supply and 35 have no alternatives, the company’s vice president told Reuters.

 

Egypt has experienced a severe shortage of morphine since before the currency floatation, according to a recent report by the World Health Organization. The country has imported the drug for the past 20 years from only one supplier. In late 2014, it became unavailable for an unknown reason. The country now has no oral morphine to aid its residents with cancer.

 

Pharmaceutical companies have been meeting frequently to find solutions the shortage, Daily News Egypt reported. The government’s Health Ministry, however, said the problem is due to panicking Egyptians hoarding medicine and not the fault of the currency value drop.

 

“It’s an orchestrated crisis,” Health Ministry spokesman Khaled Mogahed told the Egyptian television network Mehwar. “The decision to float the pound was taken … and two hours later people began saying we have a crisis and we don’t have meds.”

HDA Media And Political Bulletin – 30 November 2016

From Factory to Pharmacy

As part of our mission to build awareness, understanding and appreciation of the vital importance of the healthcare distribution sector, we developed an infographic explaining the availability of medicines. It identifies the factors that can impact drug supply, as well as the measures that HDA members undertake day in, day out to help mitigate the risks of patients not receiving their medicines.

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