Novartis closes plant in Swiss town due to falling demand

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Novartis closes plant in Swiss town due to falling demand

Swiss flag at Basel, Switzerland stands in front of the Novartis logo, Switzerland's national drugmaker, Novartis, January 30, 2019. Arnd Wiegmann of REUTERS Arnd Wiegmann

Novartis plans to close a plant in the southern Swiss town of Locarno, the drugmaker announced on Wednesday citing falling demand for testing products.

The announcement adds to around 50 job opportunities by end of 2023 by shuttering the facility in stages, according to a statement in a statement.

The testing facility in Locarno offers the possibility of performing stability tests and specific release tests for Novartis products.

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