Friday, November 11, 2022 Daily Archives

Novartis cuts 275 jobs at its IL plant to consolidate Zolgensma production

Novartis is closing the doors to its gene therapy manufacturing plant in Libertyville, Illinois following a manufacturing site network evaluation. According to Novartis, the reshape of the company will mean that operations concerning the production of Zolgensma (onasemnogene abeparvovec), a one-time spinal muscular atrophy (SMA) gene therapy — approved in the US in May 2019 –  will be consolidated to its Durham, North Carolina facility. “Following a comprehensive manufacturing site network evaluation, Novartis has made the difficult decision to cease operations at…

iBio to divest CDMO biz and lose 60% of its workforce

iBio is looking to divest its CDMO services in order to transform into an antibody discovery and development firm. Artificial intelligence (AI) precision antibody firm iBio has said that it is seeking to divest its contract development and manufacturing organization (CDMO) so it can restructure into an antibody discovery and development company, which will result in 50% annualized cost savings. On the back of this transition, the firm hopes to invest in a pipeline of immune-oncology assets and an AI-based…