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Nestle divests peanut allergy business Palforzia

by Uma Rajagopal
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2023 09 04T052527Z 1 LYNXMPEJ8302V RTROPTP 4 AIMMUNE NESTLE STAKE

Nestle divests peanut allergy business Palforzia

ZURICH (Reuters) – Nestle has divested its peanut allergy treatment business Palforzia, the Swiss food company said on Monday, following its strategic review of the division.

Nestle said it has offloaded Palforzia to Stallergenes Greer, a biopharmaceutical company which specializes in the diagnosis and treatment of allergies.

Nestle will receive milestone payments and ongoing royalties from Stallergenes Greer, it said.

 

(Reporting by John Revill, Editing by Friederike Heine)