Nestle sells peanut allergen Palforzia
(dpa-AFX) Food giant Nestlé has found a buyer for its peanut allergy drug Palforzia. The business, which Nestlé put in the shop window last November as part of a strategic review, will go to Stallergenes Greer, a biopharma company headquartered in London. Under the agreement, Stallergenes Greer will make milestone payments and ongoing royalties to Nestlé, according to a statement. However, no further financial details were provided. The transaction was completed immediately upon signing, it adds.
The drug, which has been approved in the EU and U.S. since 2020 and was developed by Nestlé subsidiary Aimmune, has sold less well than Nestlé expected. That's why the company had already announced last fall that it would seek a buyer for the drug.
Palforzia is an immunotherapy that can be used in children diagnosed with peanut allergy and administered to adults in conjunction with a peanut-free diet. Nestlé had acquired the developer Aimmune in 2020 for 2.3 billion Swiss francs.
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
Organizations
Other news from the department business & finance

Get the life science industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.
Most read news
More news from our other portals
Last viewed contents
Lundbeck enters into drug discovery collaboration with Zenobia and Vernalis
Potential pivot for a more effective cancer immunotherapy

Self-restrained genes enable evolutionary novelty
MedGenome secures series C funding
Olink Bioscience and Genetix Biotech Asia (P) LTD, sign distributorship agreement for the Indian market.

Wiggly proteins guard the genome - Dynamic network in the pores of the nuclear envelope blocks dangerous invaders
Brain glia cells increase their DNA content to preserve vital blood-brain barrier
Genzyme and Isis Begin New Clinical Trials of Mipomersen
New Study Finds that Statin Drugs Protect Against Cognitive Decline
Little-known marine decomposers attract the attention of genome sequencers
Research for organic farming: Soya thrives on nitrogen from the air
