Source:
https://scmp.com/business/companies/article/1093415/nestle-and-chi-med-form-chinese-medicine-alliance
Business/ Companies

Nestle and Chi-Med form Chinese medicine alliance

Firms' partnership will focus on development of drugs based on botanical medicine

Nestle will own half of the new research venture. Photo: Bloomberg

Nestle and Hutchison China Meditech, a drugmaker controlled by Li Ka-shing, have agreed to form an alliance to develop gastro-intestinal treatments based on traditional Chinese medicine.

Nestle Health Science and Chi-Med will each own half of the Nutrition Science Partners (NSP) venture, the companies said yesterday.