That's not exactly true. Part of the price reflects that it is illegal to import such a drug from Egypt.
While Egypt probably has laws on their books that tells the company, if you wanna have business here, you will provide a low price.
Every business has intellectual property rights and claims, yet they someone how find a way to sell in markets and make a profit. Don't use such a odd claim that innovation and advancement can only be advanced by restricting trade and market forces.
Part of the ever increasing prices in health care reflects the anti competing barriers in pharmaceuticals and health services. Enforcing Sherman, Clayton and Robinson-Patman Acts would be a nice start.