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Nestle divests peanut allergy business Palforzia

Published by Uma Rajagopal

Posted on September 4, 2023

1 min read

· Last updated: February 1, 2026

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Capsules of Palforzia, a peanut allergy treatment, divested by Nestle - Global Banking & Finance Review
Image of Palforzia capsules, a treatment for peanut allergies, which Nestle has divested to Stallergenes Greer. This strategic move highlights Nestle's focus on its core operations in the banking and finance sector.
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Nestle divests peanut allergy business Palforzia ZURICH (Reuters) – Nestle has divested its peanut allergy treatment business Palforzia, the Swiss food company said on Monday, following its strategic review of the division. Nestle said it has offloaded Palforzia to Stallergenes Greer, a biopharmaceutical company which specializes in the diagnosis and treatment of allergies. Nestle will […]

Nestle divests peanut allergy business Palforzia

ZURICH (Reuters) – Nestle has divested its peanut allergy treatment business Palforzia, the Swiss food company said on Monday, following its strategic review of the division.

Nestle said it has offloaded Palforzia to Stallergenes Greer, a biopharmaceutical company which specializes in the diagnosis and treatment of allergies.

Nestle will receive milestone payments and ongoing royalties from Stallergenes Greer, it said.

(Reporting by John Revill, Editing by Friederike Heine)

Frequently Asked Questions

What is divestment?
Divestment is the process of selling off subsidiary business interests or investments. Companies may divest to focus on core operations, improve financial performance, or respond to regulatory requirements.
What are milestone payments?
Milestone payments are payments made upon the achievement of specific goals or milestones in a contract. They are commonly used in business transactions, particularly in the pharmaceutical industry.
What are royalties?
Royalties are payments made to the owner of a particular asset for the right to use that asset. In business, this often refers to payments made for the use of intellectual property.
What is corporate strategy?
Corporate strategy is the overall plan for a company to achieve its goals and objectives. It encompasses decisions about resource allocation, business direction, and competitive positioning.

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