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FINANCIAL NEWS
Lebanon’s drug producers call for government support
01 Mar 2017
(MENAFN) Pharmaceutical consumption in Lebanon will increase in the coming years; local drug producers are calling on the government to help the sector.
Furthermore, a 3.22 percent of Lebanon GDP spending was likely to be on pharmaceuticals by 2020, the largest in the MENA region.
In addition, the steady increase in pharmaceutical spending has been credited to the Syrian refugee crisis, while there are 1.01mn Syrian refugees recorded with UNHCR.
The Industry Minister called on the government to establish a more balanced market of global and local drugs while upgrading sales overseas.
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