{
Horizon Therapeutics Public Lim

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}
001122334455554433221100
001122334455554433221100

Novartis to close MorphoSys sites and lay off 330 employees

Novartis is closing MorphoSys sites in Munich and Boston, resulting in approximately 330 layoffs, as part of its integration strategy following the €2.7 billion acquisition earlier this year. The decision aligns with a focus on prioritizing R&D programs, particularly the delayed approval pathway for the oncology candidate pelabresib. This trend of post-acquisition job cuts has been observed across several major pharma companies in recent years.
Fierce Pharma
Euro Sanofi GSK plc Gilead Sciences, Inc. Incyte Corp Novartis AG Immunomedics Inc. Horizon Therapeutics Public Lim Bellus Health Inc. Merck & Co., Inc. Bristol-Myers Squibb Co Amgen Inc. MorphoSys AG USA DEU CHE Vas Narasimhan Show more
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15:47 19.12.2024
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