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Novartis' Foray Into Academia

Executive Summary

Novartis' decision to relocate its discovery operation to Cambridge, MA has garnered considerable attention for what it says about the decline of Europe's competitiveness in the pharmaceutical industry and the increasing attraction of the Boston area for drug and biotech firms. But perhaps even more significant is what the transatlantic move reveals about Novartis' intention to fundamentally change its approach to drug discovery research and what that transformation may mean for the industry in general.

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