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deal

Nestle to buy Aimmune’s peanut allergy treatment at $2.6 billion

6 mins read

The FINANCIAL — Nestle agreed to buy Aimmune Therapeutics Inc. for $2.6 billion, adding a promising peanut allergy treatment to its portfolio of coffee, snacks and water. The Swiss owner of Nespresso will pay $34.50 a share for the U.S. biotech firm, almost triple its last closing price. Aimmune makes a therapy to help reduce allergic reactions to peanuts in children and teens by exposing them to tiny doses over time. FDA approved Aimmune Therapeutics’ Palforzia which makes it the first medication approved for food allergies in teens and children. Nestlé and Aimmune Therapeutics, Inc. a biopharmaceutical company developing and commercializing…

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Nestle to buy Aimmune’s peanut allergy treatment at $2.6 billion

6 mins read

The FINANCIAL — Nestle agreed to buy Aimmune Therapeutics Inc. for $2.6 billion, adding a promising peanut allergy treatment to its portfolio of coffee, snacks and water. The Swiss owner of Nespresso will pay $34.50 a share for the U.S. biotech firm, almost triple its last closing price. Aimmune makes a therapy to help reduce allergic…

Georgian Basketball National Federation and President of Georgia responded to Tornike Shengelia’s decision on moving to CSKA Moscow

4 mins read

The FINANCIAL — Russian basketball powerhouse CSKA Moscow has officially announced the signing of Tornike Shengelia to a three-year deal. Georgian national basketball team player left the Spanish team Baskonia after 6 years. Georgian Basketball National Federation has echoed Tornike Shengelia’s decision and wished him luck, but the President of Georgia Salome Zurabishvili called Shengelia’s decision regrettable. The…

L Brands set to sell Victoria’s Secret for over $1 billion

4 mins read

The FINANCIAL — L Brands reportedly is close to a deal to sell control of Victoria’s Secret to Sycamore Partners. L Brands is expected to keep a 45 per cent stake in the separate company, which will include the Pink chain. Meantime, hundreds of Victoria’s Secret bras have reportedly been found discarded in a bin…