Egypt encourages pharmaceutical investment

STORY: Egypt encourages pharmaceutical investment DATELINE: March 9, 2023 LENGTH: 00:00:51 LOCATION: Cairo CATEGORY: HEALTH SHOTLIST: 1. various of pharmaceutical factories STORYLINE: Egyptian Minister of Public Enterprises Sector Mahmoud Esmat said on Wednesday that his ministry plans to encourage local and foreign pharmaceutical companies to launch joint projects to localize modern technology. Esmat made the remarks at the celebration of the global healthcare company Viatris, which marked 60 years of manufacturing in Egypt. The minister explained that the plan will be implemented by the Holding Company for Medicines, Chemicals and Medical Supplies affiliated with the ministry. He added that the ministry, through the holding company, is cooperating with the private sector to manufacture raw materials of medicines for antibiotics and chronic diseases. Xinhua News Agency correspondents reporting from Cairo. (XHTV)