# Nestle divests peanut allergy business Palforzia
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-09-04
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Nestle divests peanut allergy business Palforzia to
Meta Description: Nestle has divested its peanut allergy treatment business Palforzia to biopharmaceutical company Stallergenes Greer, receiving milestone payments and royalties.
URL: https://financedigest.com/nestle-divests-peanut-allergy-business-palforziahtml

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# Nestle divests peanut allergy business Palforzia

ZURICH (Reuters) – Nestle has divested its peanut allergy treatment business Palforzia, the Swiss food company said on Monday, following its strategic review of the division.

Nestle said it has offloaded Palforzia to Stallergenes Greer, a biopharmaceutical company which specializes in the diagnosis and treatment of allergies.

Nestle will receive milestone payments and ongoing royalties from Stallergenes Greer, it said.

(Reporting by John Revill, Editing by Friederike Heine)


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