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Nestle Bets €40M On Enterome's Preclinical Food Allergy, IBD Hopeful
France-based Enterome signed a strategic R&D collaboration and license agreement with Nestlé SA's (OTC:NSRGF) Health Science, targeting food allergies and inflammatory bowel disease (IBD).Enterome
FDA to help foreign baby formula makers to access U.S. market for long-term
The U.S. Food and Drug Administration (FDA) is set to announce measures to support foreign makers of baby formula to stay in the U.S. market for the long-term in response to a nationwide shortage, the
Nestle eyed biggest-ever deal in aborted move for GSK consumer
For a fleeting moment, Nestle SA explored what would have been its biggest-ever deal in a move that underscores the consumer giant’s ambition to grow through large acquisitions.
Nestle considered deal for GlaxoSmithKline consumer division - Bloomberg
Nestlé (OTCPK:NSRGY) briefly considered making a bid for GlaxoSmithKline's (NYSE:GSK) consumer unit before dropping the idea, Bloomberg reported. The Swiss company floated the idea of potentially team
Federal Trade Commission launches probe on baby formula shortage
The Federal Trade Commission (FTC) has launched an inquiry into the ongoing infant formula shortage in the country, seeking information on any unfair business practices aimed at exploiting the consume
Third Largest Player In Baby Formula Jumps In To Ease Shortage In US
Europe's Nestlé SA (OTC:NSRGF) is ramping up hypoallergenic (HA) baby formula production to alleviate the shortage in U.S. supermarkets.In a statement sent to Fortune, Nestlé said it "significantly in
Baby formula imports allowed under FDA guidance to address nationwide shortage
The U.S. FDA early Monday evening issued guidance that will allow international manufacturers of baby formula to export their product to the U.S. The agency said it has now put "flexibilities" in pla
Perrigo CEO Kessler says to expect baby formula shortage through rest of year - Reuters
Perrigo (NYSE:PRGO) CEO Murray Kessler said that the country's current shortage of infant formula will persist the "balance of the year," he told Reuters. He added that its manufacturing facilities a
Very Good Food Appoints Former Nestle Executive As Interim CEO
Very Good Food Company Inc (NASDAQ:VGFC) has appointed Matthew Hall as Interim Chief Executive Officer (CEO), effective May 2, 2022. Matt is also joining the company's board.Matt was a 31-year global
Nestle Says It Isn't Profiting From Russian Activities
By Cristina Roca Nestle SA has significantly scaled back its activity in Russia and isn't making a profit in the country, the company said over the weekend. Ukrainian President Volodymyr Ze
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