Queen Pharm plans boosting sales in Egypt by 20% end-2016

Egyptian pharmaceutical company Queen Pharm International targets boosting its sales by 20 percent to record around 80 million Egyptian pounds (US$9 million) before the end of 2016.

Chairman Mostafa Awad told Amwal Al Ghad Monday that the company attained sales estimated at 60 million pounds in 2015 since it has 54 pharmaceutical in the local market.

He noted that medicine industry in Egypt is considered as a strategic one as it covers 93 percent of Egyptian citizens’ needs.