About Careers Internship MedBlogs Contact us
Medindia LOGIN REGISTER
Advertisement

Nestle Announces Acquisition of Stake in Accera

by Kathy Jones on July 20, 2012 at 8:17 PM
Font : A-A+

 Nestle Announces Acquisition of Stake in Accera

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.

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.

Advertisement

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
Advertisement

Advertisement
News A-Z
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
What's New on Medindia
COVID Toes
International Yoga Day 2022 - 'Yoga for Humanity'
Wearable Devices Are Now Transforming Depression, Multiple Sclerosis, and Epilepsy Management.
View all
News Archive
Date
Category
News Category

Medindia Newsletters Subscribe to our Free Newsletters!
Terms & Conditions and Privacy Policy.

Most Popular on Medindia

Calculate Ideal Weight for Infants Iron Intake Calculator Blood Donation - Recipients Indian Medical Journals Turmeric Powder - Health Benefits, Uses & Side Effects Pregnancy Confirmation Calculator Noscaphene (Noscapine) Diaphragmatic Hernia Post-Nasal Drip Drug - Food Interactions

Disclaimer - All information and content on this site are for information and educational purposes only. The information should not be used for either diagnosis or treatment or both for any health related problem or disease. Always seek the advice of a qualified physician for medical diagnosis and treatment. Full Disclaimer

© All Rights Reserved 1997 - 2022

This site uses cookies to deliver our services. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use
open close
CONSULT A DOCTOR