Sep 25, 2018
Novartis moves away from mass-market drugs
New chief executive plots a fresh course for the pharmaceutical giant.
by Janet Babin
Drugmaker Novartis announced it’s cutting more than 2,000 jobs — most of them in Europe — as part of a global restructuring. The company plans to focus on producing and selling more innovative drugs, but these specified medicines require lots of research and carry higher price tags.
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