medicine

European sanctions impeding Iran’s medicine imports

The deputy head of Iran’s Food and Drug Administration (IFDA) says the European Union’s sanctions have directly affected the country’s pharmaceutical imports, pointing out that the country is seeking alternative paths to meet its needs.

Society Economy

Iran keeps subsidies for import of wheat, medicines until March

The government may decide to remove certain commodities from the list of imports entitled to subsidized dollar at the rate of 42,000 rials, but it is certain that wheat and medicines will remain in the list until the end of the current fiscal year (March 2022), says the head of parliament’s Budget Reform Committee, Mohsen Zanganeh.

Macro Economy

Iranian gov’t to end subsidies for medicine imports

The government will put on end to paying subsidized foreign currency to import pharmaceuticals, the health minister said.

Macro Economy

Low imports, smuggling reason for shortage of insulin pens in Iran: Official

Iranian health authorities say lower imports and a heavy subsidy system which has spurred smuggling of drugs out of the country are to blame for a recent shortage of insulin pens.

Society Economy

‘98% of Iran’s pharmaceuticals produced domestically’

The country has embarked on a path to boost its knowledge-based companies in a bid to diversify its revenues and reduce its dependence on oil. Such companies have had a significant role in meeting the medical sector’s internal needs.

Macro Economy

Sanctions cause epilepsy medication shortage

The US Treasury says the renewed economic punitive measures do not impede humanitarian aid for Iran but with less and less European banks willing to accept financial transactions with Iran, food, medicine and medical equipment imports have been disturbed.

Trade