U.K. University May Buy Novartis Site | Chemical & Engineering News
Volume 93 Issue 5 | p. 19 | Concentrates
Issue Date: February 2, 2015

U.K. University May Buy Novartis Site

Department: Business
Keywords: negotiations, pharma, England

The University of Brighton, in England, has entered negotiations with Novartis to purchase the pharma company’s mothballed R&D site in Horsham, England. The site, which had housed 371 Novartis staffers, closed in 2014. The university estimates that, as a center for higher education, the site could be used to create an estimated 2,250 jobs, attract $2.6 billion of investment to the region over 10 years, and provide facilities for around 3,500 students.

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