Nestle has announced that it is moving into traditional Chinese medicine by joining forces with Chinese pharma group Chi-Med. The new entity, called Nutrition Science Partners (NSP), is to be owned equally by the two parties, Nestle said in a statement, without revealing any of the financials behind the deal. NSP will research, develop, make and sell nutritional and medicinal products derived from botanical plants, it said. The joint venture ...Thursday, 29 November 2012
Following Pharma Deal, Nestle Ventures into Chinese Medicine
Nestle has announced that it is moving into traditional Chinese medicine by joining forces with Chinese pharma group Chi-Med. The new entity, called Nutrition Science Partners (NSP), is to be owned equally by the two parties, Nestle said in a statement, without revealing any of the financials behind the deal. NSP will research, develop, make and sell nutritional and medicinal products derived from botanical plants, it said. The joint venture ...
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