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News
Novartis shares plummet after another clinical trial setback
6+ day, 3+ hour ago (212+ words) Expectations for the active ingredient Del-desiran were high. Vontobel had estimated that, if developed successfully, it could achieve peak annual sales of $3 billion (CHF2.43 billion), while taking into account the risk of failure. The bank is now removing this sales forecast…...
Novartis Sees Avidity Drug Fail in Third Setback in a Week
6+ day, 5+ hour ago (514+ words) (Bloomberg) — Novartis AG suffered its third clinical-trial setback in a week after a treatment for a rare muscle-wasting disease failed a late-stage study, raising questions about the drugmaker’s growth prospects. The medicine, del-desiran, was the centerpiece of Novartis’s $12 billion takeover…...
Nestle to sell vitamins business for $1 billion
1+ week, 5+ day ago (376+ words) The move comes as Nestlé CEO Philipp Navratil tries to streamline and turn around the Swiss foodmaker. The deal includes brands such as Nature’s Bounty, Osteo Bi-Flex and Puritan’s Pride alongside the US private-label supplements business and its manufacturing and…...
Novartis halts clinical trials following patient deaths
1+ week, 5+ day ago (243+ words) swissinfo.ch Novartis halts clinical trials following patient deaths At the end of August, Novartis halted several clinical trials of experimental cell therapies for autoimmune diseases in the fields of immunology and neuroscience, following the deaths of three patients. The…...
Austria, Costa Rica and Malta: neutral but unlike Switzerland
1+ week, 6+ day ago (1048+ words) The Russian invasion of Ukraine and growing security tensions have put neutrality under pressure around the world. The accession of Finland and Sweden to NATO in 2023 and 2024 have reduced the number of neutral countries to around ten, according to the…...
Swiss banks manage record CHF10 trillion client assets
2+ week, 5+ hour ago (400+ words) This is the forecast of the Swiss Bankers Association (SBA), which says that Switzerland’s appeal as a wealth management centre remains strong. Last year, assets under management (AuM) at Swiss banks grew by 4.8%, reaching a record CHF9,7 trillion, according to the…...
Russia sanctions at heart of Swiss neutrality vote
2+ week, 2+ day ago (514+ words) I manage a multilingual team responsible for covering the Swiss Abroad, providing them with the information they need to participate in political life in Switzerland. After studying political science in Neuchâtel and Bern, I started out in multimedia journalism at…...
Raiffeisen Switzerland plans up to 180 job cuts
2+ week, 5+ day ago (592+ words) Raiffeisen Switzerland said on Wednesday that it aims to cut around CHF60 million ($74.7 million) in staff and operating costs by 2027. The measures could lead to the loss of up to 180 of its 10,989 full-time roles (as of mid-2026). This content was published on…...
Swiss economy grew by 1.6% in 2025
2+ week, 5+ day ago (383+ words) The State Secretariat for Economic Affairs (SECO) had most recently estimated growth in the Swiss economy at 1.4%. In addition to these initial estimates for 2025, the FSO will also present on Tuesday the upwardly revised figures for GDP growth in 2024 at…...
Swiss committee backs lower VAT rise to fund army rearmament
2+ week, 5+ day ago (159+ words) The Swiss Senate’s Finance Committee has backed the proposal, according to a statement from the Parliamentary Services on Tuesday evening. The Security Policy Committee, which is leading work on the proposal, is due to discuss the matter shortly. This content…...