NOVARTIS LAUNCHES $600 MILLION EXPANSION OF RESEARCH HQ

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CAMBRIDGE, MASS. — Novartis has announced plans to complete a 5-year, $600 million expansion of its research headquarters campus in Cambridge. An additional 400,00 square feet of laboratory, office and retail space will be constructed on 4 acres the company is currently leasing from MIT, which is located adjacent to Novartis' campus. Construction is expected to begin in 2011. Novartis currently occupies 1 million square feet of laboratory and office space; it is the city's largest corporate employer.

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