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Novartis' Research Lab Name Change Reflects Strategy Shift

1 min read
Source: STAT
Novartis' Research Lab Name Change Reflects Strategy Shift
Photo: STAT
TL;DR Summary

Swiss drugmaker Novartis is changing the name of its research and development hub from Novartis Institutes for BioMedical Research (NIBR) to Novartis BioMedical Research. This name change reflects a shift in the company's research strategy, focusing more on projects likely to yield commercially successful drugs rather than purely scientific discovery.

Topics:health#commercial-success#drug-discovery#novartis#pharmaceuticals#research-and-development#strategy
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  1. Why Novartis is changing the name of its research labs  STAT
  2. Pharmalittle: Novartis R&D hub's name change reflects strategy shift; Lilly's Mounjaro backed by U.K. watchdog  STAT
  3. View Full Coverage on Google News

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