Novartis AG (NVS) Thinks Twice About RNAi Development, Slims Down R&D Group In Boston
4/15/2014 8:08:51 AM
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Swiss drug maker Novartis AG said Monday it is cutting back on a research program in Cambridge trying to develop drugs using a gene-silencing technology called RNA interference.
The company has 26 researchers working on RNA medicines and will reduce the team to a small but unspecified number, said Jeff Lockwood, spokesman for the Cambridge-based Novartis Institutes for BioMedical Research, the drug maker’s global research headquarters. Lockwood said he did not know how many researchers, if any, would lose their jobs.
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