Vevey / CH. (nsa) Swiss Nestle S.A. announced that it has entered into an asset purchase agreement with Allergan to acquire the gastrointestinal medication Zenpep. This move aims to expand the company’s medical nutrition business and complement its portfolio of therapeutic products.
Zenpep, available in the United States, is a medication for people who cannot digest food properly because their pancreas does not provide enough enzymes to break down fat, protein, and carbohydrates. Zenpep’s 2018 net sales were USD 237 million.
«Nestle’s acquisition of Zenpep is a strategic decision that will enhance our growing medical nutrition portfolio,» said Greg Behar, CEO of Nestle Health Science. «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. We have extensive experience in Zenpep’s therapeutic areas of digestive diseases through our medical nutrition business and will leverage those capabilities as we grow this new business.»
The deal is expected to be finalized concurrent with the merger of Allergan and AbbVie. Financial details of this acquisition are not being disclosed. Nestle will take ownership of Zenpep upon closing the transaction, with customary transition support from the seller.
«Within our medical nutrition business, we work directly with healthcare professionals to educate them about our products that are used in hospitals, home healthcare, and clinics,» said Anna Mohl, Business Executive Officer of Nestle Health Science USA. «We are excited to leverage our broad capabilities and expand our team to drive rapid growth of this new acquisition. We look forward to welcoming all Zenpep employees who will join our team.»
OTHER TOPICS FROM THIS SECTION FOR YOU:
- NielsenIQ: releases Mid-Year Consumer Outlook 2025
- Lantmännen is funding research project at Chalmers
- Regulation and compliance: Registrar Corp buys Foodsteps
- Lidl US: Launches «Exciting New Bakery Items»
- Greenfood: How fermentation gives food a second life
- NGT: European Parliament backs EU Commission proposal
- Urgent Concerns Regarding EU Decision on GMO Deregulation
- FDF: about the latest ONS food inflation figures
- MetaPath research: public and private players join forces
- VTT: Finnish companies work on new processes for plant proteins
- VTT: Finland makes plant-based meat attractive
- UNRIC on the end of the Grains Agreement: «Everything is possible»
- ICBA: Aspartame safe, reaffirm WHO and FAO
- EU: More sustainable use of plant and soil natural resources
- From farm to fork: Fazer participates in fertiliser research
- UK: 80 percent of households saw disposable income fall
- Good Meat: Gets Full Approval in the U.S. for Cultivated Meat
- Food Safety Confidence Outpaces What Guests Really Know
- Promotion tour: Prime Minister tastes 3D-printed cultivated fish
- New partnership between W.U.R. and Protein Industries Canada
