Novartis agrees to buy Nestlé’s Alcon holdings
GenevaLunch News Basel, Switzerland (GenevaLunch) – Basel-based healthcare products Novartis has agreed to buy out the majority shareholding in Alcon, eyecare specialists, from Vevey-based Nestlé, for...
View ArticleNovartis profits up thanks to H1N1
GenevaLunch News Basel, Switzerland (GenevaLunch) – Profits at multinational Novartis rose 25 percent to $12.1 billion in the first quarter of 2010, well ahead of forecasts. Net income was up 49...
View ArticlePfizer lays off 6,000 in major restructuring
GenevaLunch News Drug company Pfizer, in what it describes as a major restructuring, will lay off some 6,000 workers worldwide. Ireland’s Pfizer operations will cut 785 jobs. The news comes as 1,200...
View ArticleZurich professor’s team wins major health award at EPFL
GenevaLunch News Lausanne, Switzerland (GenevaLunch) - Jean-Christophe Leroux, an expert in galenic (natural rather than chemical) studies, was given the CHF100,000 Debiopharm Life Sciences Award at...
View ArticleRoche Pharma lays off 770 in Switzerland
GenevaLunch News Company will cut back 8,400 jobs in two years for $2.4b annual savings Basel, Switzerland (GenevaLunch) – Roche has been true to its word earlier this year that it would make...
View ArticleNovartis profits and mgmt. pay up, but future warnings
GenevaLunch News Basel, Switzerland (GenevaLunch) – Swiss residents could be forgiven for wondering if Novartis is in relatively good or bad shape Thursday morning, depending on which news sources they...
View ArticleNestlé buys kiwi anti-constipation line
GenevaLunch News VEVEY, SWITZERLAND – Nestlé’s move into nutritional solutions for health problems is being given a boost this week with Nestlé Health Science taking a minority stake in a New Zealand...
View ArticleNovartis to close Nyon site, 1100 jobs to go in Switzerland
GenevaLunch News NYON, SWITZERLAND – Pharmaceutical company Novartis is closing its site in Nyon as part of a restructuration that will involve eliminating 1,100 jobs in Switzerland. The company is...
View ArticleNovartis jumps from Prangins shutdown plans to Zurich area growth
GenevaLunch News Five months ago the company was cutting jobs; today it is expanding its Swiss base BASEL / GENEVA, SWITZERLAND – Novartis is pumping CHF500 million into a new plant in Stein, canton...
View ArticleRoche under fire from Ethos over its top salaries
GenevaLunch News ZURICH, SWITZERLAND – One week before the Swiss vote on whether to limit executive and board salaries and mandates, pharmaceutical company Roche in Basel has come under attack....
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