Novartis expects Zolgensma to eventually generate $1.5–2 billion, according to BioPharma Dive. NVS shares were up 1 percent to $83.01 today after announcing the new data.
FDA approved Zolgensma (onasemnogene abeparvovec-xioi) in 2019 for chi…
Novartis expects Zolgensma to eventually generate $1.5–2 billion, according to BioPharma Dive. NVS shares were up 1 percent to $83.01 today after announcing the new data.
FDA approved Zolgensma (onasemnogene abeparvovec-xioi) in 2019 for chi…
Basel, Switzerland–based Novartis has decided to consolidate the manufacturing for its gene therapy Zolgensma (onasemnogene abeparvovec-xioi). Plants dedicated to producing Zolgensma were based in Libertyville, Illinois and Durham, North Carolina. The company has announced that it will close the former plant, ultimately eliminating 275 jobs.
The company anticipates that the Libertyville site will remain operational until the end of 2023.
Novartis also will provide 90-day notifications to employees at the Libertyville site and offer severance packages and other benefits.
Novartis first warned that it planned to close the plant in late October.
Earlier this year, Novartis also announced its plan to spin off its Sandoz generic and biosimilar division.
Sales of the gene therapy Zolgensma declined in the third quarter of this year, with its use mostly constrained to infants with spinal muscular atrophy. According to Novartis, sales of gene…