Nestlé invests $145 million in food allergy therapeutics firm Aimmune

4 November 2016

Shares of US biotech firm Aimmune Therapeutics (Nasdaq: AIMT) jumped more than 9% to $7.96 in early trading today, after it announced a lucrative deal with a unit of Nestlé (VTX: NESN), the world’s largest packed food company.

Aimmune, which is developing CODIT (Characterized Oral Desensitization ImmunoTherapy), an approach to treating life-threatening food allergies, says that Nestlé Health Science will make a $145.0 million equity investment in the company, an around 15% stake.

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