Nile Pharma to Launch 6 New Drugs This Fiscal Year

Egypt’s Nile Company for Pharmaceuticals and Chemical Industries (Nile Pharma) plans to launch and register 6 news drugs, 5 for human usage and one for veterinary purposes, with the current fiscal year 2014-15, an official from Nile the company told Amwal Al Ghad .

The official added that the launch of new drugs is part of company’s strategy to boost its products in local market. Moreover, he affirmed that the company seeks to register these drugs within the current fiscal year.

On other side, Nile Pharma decided to allocate EGP 13.8 million, within the current fiscal year, to develop and upgrade researches.  In contrary, the company dedicated EGP 130.1 million during the last fiscal year.