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Number Seven Thousand Two Hundred and Eighty Two - 03 May 2023
Iran Daily - Number Seven Thousand Two Hundred and Eighty Two - 03 May 2023 - Page 7

$3.5 billion allocated for importing medicine: Minister

The Minister of Health, Treatment and Medical Education announced that an agreement has been reached with the Central Bank to allocate $3.5 billion for the import of medicine, medical equipment, and infant formula this year. This amount equates to approximately $300 million per month and is dedicated to fully meeting the needs of the healthcare industry.
During a meeting of the presidents of universities of medical sciences in the country, the Minister of Health, Bahram Einollahi, announced that the Ministry has also agreed to grant more than $1 billion of new facilities in the form of working capital to pharmaceutical companies through operating banks, IRNA reported.
He stated that 30 new facilities will be paid to pharmaceutical companies for the supply of drugs and raw materials. The Food and Drug Organization will introduce the operating banks and the list of pharmaceutical companies to the Central Bank, which will determine and notify the quota of the operating banks.
The Minister emphasized that the Food and Drug Organization will prioritize orders for medicine and medical equipment, with a maximum waiting time of 48 hours for the first hall and 72 hours for the second hall.
He also announced an agreement with the Central Bank to supply foreign currency to drug importing companies. Pharmaceutical companies that export drugs on a quarterly basis will have their relevant report sent by the Food and Drug Organization to the Central Bank, and the foreign exchange quota of the pharmaceutical sector will be adjusted accordingly.
“The Ministry is committed to ensuring that all necessary resources are provided for the healthcare industry to meet the needs of our citizens,” said Einollahi.
“This agreement with the Central Bank is a significant step towards achieving that goal.”
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