Significant Drop in OTC Production by Local Companies

The OTC market is showing a deepening level of inactivity, and the trend is likely to continue as the number of OTC approvals by the KFDA drops every year since the separation of medical and dispensary practices implemented in Year 2000.

According to the recent analysis conducted by The Yakup Shinmoon, the total number of KFDA approved OTC products was 749 in Year 2001, which represented 61%...