SERONO, NOVARTIS TO BOOST ISRAEL ACTIVITIES

Swiss pharmaceutical giants Serono and Novartis Pharmaceuticals intend to boost R&D investment in Israel. The scope of their increased investments has not yet been announced, but it is known however that they do not currently plan to create productions site in Israel, said Ministry of Industry, Trade and Labor Investment Promotion Center director Rachel Roei, after a last week's conference in Zurich for the promotion of Swiss investment in life sciences. Globes (http://new.globes.co.il/serveen/globes/DocView.asp?did=1000131523&fid=1725)