Nestlé today 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.
This article originally appeared on Nestlé Health Science's website.
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.
“Nestlé’s acquisition of Zenpep is a strategic decision that will enhance our growing medical nutrition portfolio,” said Greg Behar, CEO of Nestlé 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 cystic fibrosis, gastrointestinal disorders and oncology through our medical nutrition business and will leverage those capabilities as we grow this new business.” Click here to continue >>
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