Novartis To Cut 550 Jobs In Switzerland To Focus On Cell Therapy [Barron's]
Novartis AG (NVS)
Last novartis ag earnings: 4/28 01:00 am
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Source: Barrons
"To maintain competitive production, we must focus on innovative production technologies and invest in a high degree of automation," Steffen Lang, who heads Novartis's operations, said in a press release. Advertisement - Scroll to Continue The pharmaceutical giant said it will invest $26 million in its plant in Stein, near Basel in the north of the country, to focus on manufacturing more complex treatments. Novartis also plans to invest $80 million in another site in Switzerland, also near Basel, to boost production of RNA treatments, innovative therapies used particularly for cardiovascular, renal and metabolic diseases. Some 80 jobs could be created at the plant by 2028. Basel-based Novartis, which had revenue of $50.3 billion last year, employed 78,310 people worldwide at the end of 2024. In Switzerland it employs about 10,000, including 5,000 in research and development. Advertisement - Scroll to Continue noo/ag/gv/st The Barron's news department was not involved
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NVS
News
- Novartis (NYSE:NVS) had its "buy (b)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Novartis (NYSE:NVS) had its "overweight" rating reaffirmed by analysts at Morgan Stanley.MarketBeat
- Janux dives as gaps in prostate cancer study data worry investors [Yahoo! Finance Canada]Yahoo! Finance Canada
- Progress In Fight Against Malaria, As New Treatment Shows Promise [Forbes]Forbes
- Novartis (NYSE:NVS) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=NVS&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> from MarketBeat
NVS
Earnings
- 10/28/25 - Miss
NVS
Sec Filings
- 11/25/25 - Form 6-K
- 11/20/25 - Form 6-K
- 11/5/25 - Form 6-K
- NVS's page on the SEC website