Novartis has scrapped a fifth of its programs in pursuit of 'truly impactful' drugs, Bradner reveals
It turns out the wave of global restructuring at Novartis has claimed more than just jobs — it’s also taken a sizable chunk of its research pipeline.
In an interview with Bloomberg, Jay Bradner, president of the Novartis Institutes for Biomedical Research, revealed that the pharma giant has scrapped 90 drug programs after a review, downsizing its portfolio from 430 to 340.
The fate of these assets might range from divestiture to termination to sitting “on the shelf for a little while,” he added, giving way to the “truly impactful, truly differentiated, truly important medicines” his team will now focus on.
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