The Couvet factory in western Switzerland employs 100 staff manufacturing medicines in capsule and tablet form. It is expected to pass into WuXi’s hands for an undisclosed sum following regulatory approval in the second quarter of this year. Couvet will be the first European drugs production site for the Chinese firm, which acquired the company to boost its global imprint.
There is no indication at this stage whether the change of ownership will affect jobs at the production facility.
Bristol Myers Squibb currently employs around 1,220 people at five locations in Switzerland, including Couvet. The company said it was committed to staying in Switzerland despite the WuXi deal.
“This is an important step in the ongoing evolution of our manufacturing network to support our product portfolio,” stated Bristol Myers Squibb senior executive Lou SchmuklerExternal link. “Switzerland remains an important strategic location for Bristol Myers Squibb, and we look forward to maintaining a strong presence in the Neuchâtel area.”
Train vs plane: would you take a direct train between London and Geneva?
Eurostar is planning to run direct trains from Britain to Germany and Switzerland from the early 2030s. Would you favour the train over the plane? If not, why not?
Swiss canton coordinates donations for landslide destroyed village
This content was published on
The Swiss canton of Valais to form committee to coordinate CHF 57.4 million donations for village destroyed by a landslide.
Body of Blatten landslide victim found and identified
This content was published on
The body of 64-year-old man, who has been missing since part of the Brich glacier collapsed on the Swiss village of Blatten has been found.
Swiss watch industry calls for ‘clear solution’ with US
This content was published on
Federation of the Watch Industry calls for clear solution to tariff threat and a swift agreement between Bern and Washington.
Swiss youngsters illegally obtain alcohol in a quarter of test purchases
This content was published on
In a quarter of all alcohol test purchases last year, young people in Switzerland were able to obtain beer, wine or spirits illegally.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Swiss logistics firm to distribute Moderna Covid vaccine globally
This content was published on
Swiss company Kühne+Nagel has concluded a distribution and storage agreement for the Covid-19 vaccine developed by the American biotech firm.
Pandemic leads to historic drop in Swiss foreign trade
This content was published on
Exports and imports declined by CHF40 billion ($45 billion) in 2020 due to the Covid-19 pandemic, setting foreign trade levels back by three years.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.