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Some 330 jobs hit as Novartis closes Morphosys, WiWo reports

Published by Global Banking & Finance Review

Posted on December 19, 2024

1 min read

· Last updated: January 27, 2026

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Novartis announces job cuts as it closes Morphosys, impacting 330 employees - Global Banking & Finance Review
Image illustrating the recent closure of Morphosys by Novartis, resulting in the loss of 330 jobs. This significant development in the biotech sector highlights the ongoing changes in the finance and pharmaceutical industries.
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Novartis to Shut Down Morphosys, Impacting 330 Jobs

BERLIN (Reuters) - Swiss pharmaceutical group Novartis is winding up the German biotech company Morphosys, which it acquired at the beginning of the year, German news outlet WirtschaftsWoche reported on Thursday, saying 330 jobs would be affected.

"In November 2024, we made the decision to close the Morphosys sites in Germany and the U.S. by the end of 2025 and to integrate all portfolio activities into Novartis," WiWo cited Novartis as saying.

Novartis did not immediately respond to an emailed request for comment from Reuters.

($1 = 0.9610 euros)

(Writing by Friederike Heine; Editing by Madeline Chambers)

Key Takeaways

  • Novartis is closing Morphosys, affecting 330 jobs.
  • Closure decision made in November 2024.
  • Integration of Morphosys activities into Novartis.
  • Sites in Germany and the U.S. to close by end of 2025.
  • Novartis acquired Morphosys earlier this year.

Frequently Asked Questions

What is the main topic?
The main topic is Novartis closing Morphosys, affecting 330 jobs as part of its integration strategy.
Why is Novartis closing Morphosys?
Novartis is closing Morphosys to integrate its portfolio activities into Novartis, consolidating operations.
How many jobs are affected by the closure?
The closure of Morphosys by Novartis will affect 330 jobs.

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