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Nestle Announces Acquisition of Stake in Accera

by Kathy Jones on  July 20, 2012 at 8:17 PM Corporate News   - G J E 4
Swiss consumer goods giant Nestle has announced that it has bought a stake in American company Accera as it looks to expand its market into producing "brain health" products.
 Nestle Announces Acquisition of Stake in Accera
Nestle Announces Acquisition of Stake in Accera
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Accera is a privately held healthcare company in Broomfield and manufactures Axona, a milkshake that is prescribed to more than 30,000 Alzheimer's disease patients in the United States.

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The investment was made by Nestle Health Science, a subsidiary of Nestle which is responsible for health products manufactured by the company.

Stating that the investment will prove to be a sound one for the company, Nestle Health Science SA's CEO and president Luis Cantarell said, "If you look from a financial point of view, this is a very small investment. If you look from a strategic point of view, which is why we created Nestle Health Science, this is a big hallmark towards promoting medical food as a source of an element to present and to help people manage chronic conditions like Alzheimer's."

Source: Medindia
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