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Local Tech Wire
A roundup of the latest high-tech and life science news about regional firms:
Report: Novartis organizational changes on tap
RESEARCH TRIANGLE PARK, N.C. — A report on the Web site Pharmalot.com says that Novartis Pharmaceuticals is shaking up its U.S. operation and is replacing national CEO Ludwig Hantson.
Four new units are being created, according to the report, which carries what it says is the entire text of an e-mail from David Epstein, head of Novartis Pharmaceuticals. Novartis has a Vaccines & Diagnostics division installation in Holly Springs.
The FiercePharma Web site reported that there will be as many as 250 layoffs in the Pharmaceuticals division as part of the reorganization.
Friday, FiercePharma reported an announcement from Baxter International that Hantson has signed on to there as president of its international operations and corporate VP and will start work 3.
Nortel campus in Canadian capital is on the market
OTTAWA — If you’re in the real estate market and like Canadian weather, Nortel’s corporate campus in the Canadian capital is for sale.
The Ottawa Citizen said the deal includes 2.35 million square feet in 10 buildings on 400 acres leased from the federal government on a deal that has more than 75 years to run. The price is negotiable, the newspaper said, adding that estimates are in the $200 million range, but could be much lower.
Tenants Ciena, Avaya, Ericsson, Genband and a Nortel transition services organization will take up as much as 800,000 square feet for about 3,500 people. Leases could run five to 10 years, but could be broken with payment of penalties, the report said.