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 Industry News Item Added on May 30, 2002


Novartis Plans Worldwide Research HQ in Cambridge

CAMBRIDGE, MASS. -
Novartis AG will lease the entire 255,000-sf Technology Square building and 150,000 sf nearby to establish the Novartis Institute for Biomedical Research in Cambridge. The Swiss pharmaceutical giant, Europe's third-largest drug manufacturer, will invest $255-million in the worldwide research headquarters that will eventually house 900 scientists.

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