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Texas has old, new candidates to offer as presidential hopefuls

The Republican Party has long been riven between its establishment and conservative wings, a split that plays out every four years in the race for the White House.

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Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

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Fort Worth draws closer to deal with Lancaster developer

City staff are planning to introduce the developer Feb. 3 at a meeting of the City Council's Housing and Economic Development Committee.

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Compass BBVA names Happel CEO for Fort Worth

BBVA Compass has appointed Brian Happel, most recently the Fort Worth city president, its chief executive officer of Fort Worth.

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Two Fort Worth Baylor medical properties acquired

Baylor Surgical Hospital of Fort Worth and Baylor Surgical Hospital Integrated Medical Facility are among three facilities acquired by Carter Validus Mission Critical REIT II Inc.

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Alcon to lose about 120 research jobs in Novartis consolidation
By Bill Bowen
Novartis said it will consolidate its pharmaceutical eye-disease research projects in Cambridge, Mass., moving about 120 jobs out of Alcon Labs in Fort Worth that are part of the Novartis Institutes for BioMedical Research.
The move reflects a new strategic direction for the pharmaceutical company’s glaucoma and ocular inflammation research effort and still leaves about 950 jobs in the Alcon Research and Development operations in Fort Worth.
Cambridge is also the headquarters for the Novartis Institutes for BioMedical Research and the shift puts the entire effort in one spot, according to company officials.
“That’s where NIBR’s headquarters is and the NIBR drug discovery will be together,” said Alcon spokesman Dave Jackson said. Novartis has about 1,600 scientists in Cambridge, Jackson said.
The Alcon operations that remain are part of the Alcon Research and Development, which focuses on drug and device research and development will continue to operate with a full workforce, the company said.
Novartis, based in Basel, Switzerland, finished its acquisition of Nestle’s stake in Alcon in 2011 and the Novartis research unit has been based in Fort Worth for the past two years, Jackson said. Novartis has 119,000 employees and operates in 140 countries. It enjoyed sales of more than $50 billion in 2012.
Alcon began in 1945 as a Fort Worth pharmacy specializing in eye products. Novartis paid more than $50 billion for Alcon altogether. Alcon enjoyed sales of about $10.2 billion in 2012.
bbowen@bizpress.net

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