Novartis to close cell and gene therapies unit
Novartis (NOVN: VX) is to close its Cell and Gene Therapies Unit in a move which will cause job losses and redeployments at the Swiss pharma giant.
The company will no longer have a separate unit conducting this research, the Basel-based company has said, but it stressed that its development plan for the oncology candidate CTL019, for relapsed/refractory (r/r) pediatric acute lymphoblastic leukemia (ALL) patients, will not be affected.
A statement from Novartis said: “Novartis is committed to the ongoing development of CAR T therapies and remains well positioned to successfully launch CTL019.
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