novartis sets up new R&D center
Novartis has set up a new R&D center in Basle, Switzerland, which willcreate 300 new jobs, increasing the company's R&D staff by a quarter, according to a local media report. The center, which will be used to develop drug products, has an operating budget set at 100 million Swiss francs ($58.7 million) a year, compared to a worldwide R&D budget for the group of 4.5 billion francs.
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