Nestle starts production of medical herbal products with partner from China
Nestlé Health Science, a fully owned subsidiary of Nestlé, and the pharmaceutical and healthcare group Chi-Med, have agreed to form a 50/50 joint venture to be named Nutrition Science Partners Limited (NSP).
NSP will research, develop, manufacture and market innovative nutritional and medicinal products derived from botanical plants.
The new partnership gives Nestlé Health Science access to Chi-Med’s traditional Chinese medicine library of more than 50,000 extracts from over 1,200 different herbal plants and its world-class expertise.
NSP will focus on gastrointestinal health and may in the future expand into the metabolic disease and brain health areas.
- This joint venture provides Nestlé Health Science with an opportunity to develop and commercialise truly innovative and scientifically validated botanical-based nutrition for personalised healthcare in gastrointestinal health - said Luis Cantarell, president and CEO for Nestlé Health Science.
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