Tehran (IP) - Iran's Minister of Health said within last year the country experienced a 600-million-euro decrease of currency over its pharmaceutical needs.

Iran PressIran news: Delivering a speech in Pharmex 2020 expo opening ceremony on Tuesday, Saeed Namaki said Iran had a 30-percent increase in the pharmaceutical domestic production rate.

Namaki mentioned 60 Iranian companies produce effective pharmaceutical materials that support %70 of the whole domestic needs in the pharmaceutical industry.

"Also, only within 60 days, we reached the production level from the import level, and moved forward to the export of COVID-19 pharmaceutical products" he noted.

He pointed to pharmaceutical packaging as a totally domestic process and said that the intermediate chemical-based materials are going to be produced in large scales.

The Iranian health minister also mentioned the attraction of investors and the introduction of the domestic potentials in the field of pharmaceutical products as the aims of the event.

200 companies are producing the domestic pharmaceutical items while 70 packaging companies also support the domestic pharmaceutical industry fully, the top health official said.

The head of Pharmex 2020 Faramarz Ekhteraee for his part highlighted a publishing book that estimates the market size and compares it with the domestic production, for the first time.

The international exhibition for the pharmaceutical industry (Pharmex 2020) inaugurated in the Olympic Hotel in Tehran with the virtual attendance of health minister, experts and producers in the field from Belgium, Armenia, Australia, Mauritania, Norway.

Pharmex 2020 is underway at the Olympic Hotel in Tehran from 30 June to 2 July 2020.

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