# Nestle divests peanut allergy business Palforzia
Published: 2023-09-04
Category: Headlines
Category URL: https://business.express/category/headlines/
Meta Title: Nestle sells peanut allergy business Palforzia
Meta Description: Nestle sells Palforzia to biopharmaceutical company Stallergenes Greer, receiving milestone payments and ongoing royalties.
URL: https://business.express/nestle-divests-peanut-allergy-business-palforzia/

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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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