Pharmaceutical Industry Update: Novartis Cuts Jobs, Novo's Diabetes Drug Advances, and More
Novartis has announced significant changes to its Swiss manufacturing facilities, resulting in the reduction of 550 employees by the end of 2027. The company plans to invest $26 million in its Stein site, focusing on sterile dosage forms and personalized cell therapies. Simultaneously, Novartis will discontinue the production of pills, capsules, and packaging of sterile products at this location.