Novartis cuts over 400 jobs ahead of Entresto patent loss

19 March 2025

Swiss pharma major Novartis (NOVN: VX) is set to lay off 427 employees at its East Hanover, New Jersey, site as part of a restructuring effort ahead of expected generic competition for its top-selling heart failure drug, Entresto (sacubitril/valsartan).

The layoffs, disclosed in a New Jersey Worker Adjustment and Retraining Notification (WARN) notice, will begin in June and continue through late October.

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