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Novartis to Expand Global Research Headquarters in Cambridge, MA
Date:10/27/2010

to the dynamic life sciences climate here."

Since 2002 Novartis has steadily grown its operations in Cambridge. Today the company employs more than 2,000 associates and occupies more than 1 million square feet of laboratory and office space -- making it the city's largest corporate employer.  The company's operations in Cambridge include the global headquarters for the Novartis Institutes for BioMedical Research; Novartis Molecular Diagnostics, a dedicated business unit focused on developing tests to advance patient tailored treatment; Novartis Vaccines and Diagnostics, a division focused on providing vaccines and diagnostic tools to prevent diseases and protect societies worldwide, and the U.S. office of the Novartis Venture Funds.

DisclaimerThe foregoing release contains forward-looking statements that can be identified by terminology such as "to expand," "will," "expected," "look forward to," "plans," "commitment," or similar expressions, or by express or implied discussions regarding potential future approvals of new medicines developed or to be developed by the Novartis Institutes for BioMedical Research, or regarding potential future revenues from such medicines. You should not place undue reliance on these statements.  Such forward-looking statements reflect the current views of management regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. There can be no guarantee that any new medicines developed or to be developed by the Novartis Institutes for BioMedical Research will be submitted or approved for sale in any market. Nor can there be any guarantee that any such medicines will achieve any particular levels of revenue in the future. In particular, management's expectations regarding these medicines could be affected by, among other things, un
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