Novartis is closing a San Diego research site. The layoffs will be complete by mid-2025.
Novartis leases about 9,400 square feet at the 79,263-square-foot building owned by Alexandria Real Estate Equities in University Town Center. Pharmaceutical giant Novartis is shutting down a San Diego research facility as part of a broader restructuring of the company’s drug development segment.
Novartis leases about 9,400 square feet at the 79,263-square-foot building owned by Alexandria Real Estate Equities, according to real estate tracker CoStar. This facility focuses on research in therapeutic areas such as oncology, neuroscience and immunology.
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