Some 330 jobs hit as Novartis closes Morphosys, WiWo reports
Published by Global Banking & Finance Review®
Posted on December 19, 2024
1 min readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on December 19, 2024
1 min readLast updated: January 27, 2026

Novartis is closing Morphosys, impacting 330 jobs by 2025. The decision aims to integrate Morphosys activities into Novartis, affecting sites in Germany and the U.S.
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)
The main topic is Novartis closing Morphosys, affecting 330 jobs as part of its integration strategy.
Novartis is closing Morphosys to integrate its portfolio activities into Novartis, consolidating operations.
The closure of Morphosys by Novartis will affect 330 jobs.
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