Skip to Main Content

Good morning, everyone, and how are you today? We are doing just fine, thank you, despite a steady downpour dousing the Pharmalot campus. The premises are rather quiet, now that the short people have left for their destinations — the local schoolhouse and gainful employment, to be specific. And the official mascots are snoozing in various corners. This leaves us to fire up the coffee kettle and rummage for interesting items. On that note, here are some tidbits to brighten your day. Hope all goes well and, of course, do keep us in mind when you learn something fascinating …

Novartis (NVS) will cut 2,500 jobs in Switzerland and the U.K. over four years, as the drug maker strives to boost profits and focus on new medicines, Reuters says. Nearly 1,500 jobs are affected in production and about 700 in services. The move comes in response to a reduced product portfolio, a network of 66 global factories that is operating below capacity after the expiry of patents on big-selling pills, and a greater focus on personalized medicine. “We don’t need the same scale we’ve historically needed,” says chief executive Vas Narasimhan.

Unlock this article by subscribing to STAT+ and enjoy your first 30 days free!

GET STARTED