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Novartis funnels $300M into early biologic drug manufacturing

September 12, 2022

Novartis will spend $300 million to bolster its development and production capabilities for biologic medicines, which make up an increasing share of its drug pipeline.

The Swiss drugmaker will invest $110 million in clinical manufacturing capacity in Mengeš, Slovenia and $60 million in development manufacturing capacity at its Schaftenau campus in Austria, to better embed biologics development within existing facilities, it said Monday.

Novartis will also spend $100 million to establish a biologics hub near its Novartis Institutes of BioMedical Research biologics center in Switzerland to foster research and attract talent.

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