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Nestlé Ponders Least Painful Exit From Peanut Allergy Misfire

Takes $2.1bn Impairment

 
• By Kevin Grogan

Heralded as a potential blockbuster, Nestlé's acquisition of Palforzia has proved to be a very expensive mistake.

Peanuts
• Source: Shutterstock

The news that Nestle has taken an impairment charge of CHF1.9bn ($2.1bn) on its peanut allergy treatment Palforzia is the latest chapter in the saga of the firm's flawed acquisition of Aimmune Therapeutics, Inc., one of the worst biopharma deals in recent times.

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