The deal, which brings Nestle’s total investment to $273 million, raises Nestle’s stake in the drug developer to about 19 percent from 14.5 percent. The two companies also extended their two-year pact to develop therapies for food allergies by two years.
In the U.S. there is no approved treatment for peanut allergies, so drugmakers see a huge opportunity in the market.
Read the full report here.
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