BMI View: Geographic diversification and investment into the pharmaceutical and healthcare sector ofemerging economies such as Egypt may be a favourable strategy for any multinational drugmaker.However, despite our forecast for steady growth in the Egyptian pharmaceutical market, it is vital thatcompanies recognise the risks. Downside risks to our forecast, in addition to the country''s state ofpolitical and economic flux, are: the patent cliff, pricing, higher domestic drug production output anda diversification of drugs available at competitive prices in the generic drug sector.Headline Expenditure Projections?? Pharmaceuticals: EGP14.99bn (US$2.48bn) in 2012 t...
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