Hutchison China MediTech to partner with Nestle subsidiary in healthcare JV
Nestlé Health Science SA, a fully-owned subsidiary of Nestlé SA, and Hutchison China MediTech have announced that all regulatory approvals required for the establishment of a 50/50 joint venture Nutrition Science Partners Limited have been received.
Nestl Health Science SA, a fully-owned subsidiary of Nestl SA, and Hutchison China MediTech have announced that all regulatory approvals required for the establishment of a 50/50 joint venture Nutrition Science Partners Limited have been received.
Hutchison China MediTech said that the purpose of the joint venture would be to research, develop, manufacture and market novel medicines and nutritional products derived from botanical plant origins.
Try 6 free issues of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Hutchison China MediTech's share price was up 3.85% to 526.50p at 11:13 on Friday.
MF
-
One million more pensioners set to pay income tax in 2031 – how to lower your billHundreds of thousands of pensioners will be dragged into paying income tax due to an ongoing freeze to tax bands, forecasts suggest
-
Stock market circuit breaker: Why did Korean shares pause trading?The fallout from the conflict in the Middle East hit the Korean stock market on 4 March, with shares forced to temporarily stop trading. What is a stock market circuit breaker, and why did the KOSPI trigger one?
