Tuesday, September 28, 2010

Nestlé to take on pharmaceutical sector

Nestlé is challenging the global drugs industry with plans to invest SFr500m ($510m) over the next decade to support the creation of a standalone health science business to tackle obesity and chronic disease.

The Swiss food group, which announced the move on Monday, appointed Luis Cantarell, one of its most experienced executives, to “pioneer a new industry between food and pharma” that will develop products to combat diabetes, heart problems and Alzheimer’s.

via ft.com

Posted via email from Jack's posterous

1 comment:

Anonymous said...

Do you think they can make drugs that are worse than their chocolate bars? Their stuff is for crap here in the US.