Deals
Novartis Cements China Plans as $1 Billion Research Center Opens
- Research facility will have focus on China-prevalent diseases
- Innovative medicines will drive China growth, CEO Jimenez says
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Novartis AG employees in Shanghai have a new $1 billion home.
The seven-building campus on the outskirts of Shanghai is accented by bamboo staircases and tree-lined courtyards. The company said the 1,300-person facility will be its third major research center, after Basel, Switzerland, and Cambridge, Massachusetts.