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Supply Chain



Novartis will close research operations in Switzerland and China, resulting in 175 job cuts, reports Reuters. The move represents an effort to lower costs and centralize control over the Basel, Switzerland-based company's drug development programs.

With Hurricane Matthew scheduled to hit the East Coast later this week, Jacksonville, Fla.-based hospitals are readying supplies and reviewing emergency action plans, according to News4jax.

The Food and Drug Administration has approved 17 new drugs in 2016, with several regulatory decisions set to be made in October, according to Zacks Investment Research.

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