Sector News

Nestle buys Allergan business to expand in medical nutrition

January 28, 2020
Consumer Packaged Goods

Nestle on Monday said it is buying Allergan’s Zenpep to expand in medical nutrition with a product for people who cannot digest food properly because their pancreas does not provide enough enzymes to break down fat, protein, and carbohydrates.

Zenpep had sales of $237 million in 2018.

“This is a significant opportunity for our business in the United States to add a complementary product to our existing range of nutrition products that support food ingestion, digestion and absorption,” said Greg Behar, head of Nestle Health Science in a statement.

By John Miller

Source: Reuters

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