Novartis to close technical research site in California

12 July 2024

As part of an ongoing organizational restructuring effort, Swiss pharma giant Novartis (NOVN: VX) will reportedly close an R&D site in San Diego, USA, leading to job losses.

The firm plans to wind down operations over time, with the location set to close by the end of next year. An official notice suggests over 100 positions will be axed.

In April the firm said it would cut close to 700 roles in the USA and Switzerland, with staff reductions affecting its development organizational unit.

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