Arab Today, arab today nestle ventures into chinese medicine
Last Updated : GMT 07:10:47
Arab Today, arab today
Arab Today, arab today

Nestle ventures into Chinese medicine

Arab Today, arab today

Arab Today, arab today Nestle ventures into Chinese medicine

Zurich - AFP

The world\'s biggest food group Nestle is moving into traditional Chinese medicine by joining forces with Chinese pharma group Chi-Med, the Swiss group said on Wednesday. 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 will also hand Nestle\'s Health Science division, which is handling the deal, access to Chi-Med\'s traditional Chinese medicine library, which with more than 50,000 extracts from more than 1,200 different herbal plants is one of the world\'s largest, the statement said. Initially, the product focus will be on gastro-intestinal health -- a market worth up to $6 billion (4.6 billion euros) according to Chi-Med -- but could in future expand into metabolic diseases and brain health, Nestle said. For Chi-Med, the deal, which is still subject to regulatory approvals, will bring \"a stream of novel botanical medicines and nutritional products to market and in so doing build significant value for patients and for our shareholders,\" company chief executive Christian Hogg said on a conference call. \"Botanical are in the forefront in our view in the search for new medicines,\" the Chi-Med chief said. Traditional Chinese plant-based medicines represented between 30 percent and 40 percent of all pharma sales in China, he added. “This joint venture provides Nestlé Health Science with an opportunity to develop and commercialise truly innovative and scientifically validated botanical-based nutrition for personalised healthcare in gastro-intestinal health,” Nestle Health Science head Luis Cantarell said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nestle ventures into chinese medicine Arab Today, arab today nestle ventures into chinese medicine

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nestle ventures into chinese medicine Arab Today, arab today nestle ventures into chinese medicine

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday