Friday, March 16, 2018

Generics represent half of the pharmaceutical market. Imports surged five percent


The market share of generic medicines represented 43 percent of the total value of the pharmaceutical market, which reached $1.2 billion last year, according to the Pharmaceuticals Importers Association (LPIA).

Generics represented 57 percent of the total quantity of pharmaceuticals. Generics are imported mainly from Jordan, Saudi Arabia, UAE, Canada, and Austria. Armand Phares, the Chairman of LPIA, said that the re-pricing rule for the originator medicine is limiting the generics abilit...

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