Novartis clarifies Brazil investment plan
Following a Brazil government announcement that Swiss drug major Novartis was planning to spend some $500.0 million on the construction of a vaccines plant there, the company has made clear that no decision has been made.
A spokesman for Novartis told the Marketletter that the company has made no decision, either on the need for a vaccine plant and certainly not on the size of the likely investment. However, he said that Novartis had told the Brazilian government that, if it were to go ahead with an investment of this kind in Latin America, it would most likely be in Brazil.
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