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Nestle, Bullish On Palforzia, To Buy Remainder Of Aimmune

Firm Will Create Food Allergy Subsidiary

 
• By Joseph Haas

Since Palforzia likely will be the only peanut allergy drug on market for some time, Nestle announces it will pay about $2.6bn to acquire the 80% of Aimmune it doesn’t own.

Peanut allergy concept
Nestle wants to fully own the only approved peanut allergy therapy

The peanut allergy immunotherapy Palforzia has experienced a sluggish launch due partly to the COVID-19 pandemic, but Nestle Health Science announced on 31 August that it will buy out the roughly 80% of sponsor Aimmune Therapeutics, Inc. it doesn’t own already to obtain full control of a product it sees as a future blockbuster.

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