Novartis Says 330 Jobs Hit as It Closes MorphoSys Sites

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Novartis will close MorphoSys's factories in Germany and the USA.

According to Reuters on December 19, the Swiss pharmaceutical group Novartis announced on Thursday that it will close the German Biotechnology company MorphoSys's factories in Germany and the USA, acquired earlier this year, affecting approximately 330 positions. A company spokesperson stated that the plan is to exit the factories in Munich and Boston by the end of 2025 and to consolidate all portfolio activities into Novartis.

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Market Chatter: Novartis to Close MorphoSys Sites, Affecting 330 Jobs

MT NewswiresDec 19 20:47