Nestlé ups its bet on Aimmune’s peanut allergy drug to $276M as NDA filing looms, rivalry intensifies
Nestlé Health Science is upping its bet on Aimmune Therapeutics by $98 million $AIMT, with its now $276 million stake in the company giving it 19% of the biotech’s equity.
Allied on Aimmune’s peanut allergy med, Nestlé is betting big on the biotech after the Phase III efficacy data pointed to an NDA filing with the FDA next month. Their timeline projects a potential market launch in H2 of next year.
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