Milk Allergy Patch Test Gets Funding
Nestlé has entered a $110 million deal with DBV Technologies, the company developing an experimental patch to desensitize patients to allergens.
The deal gives Nestlé the right to sell a patch test to detect milk allergy, providing DBV is able to develop it and get it approved.
DBV has been selling a rudimentary version of the test in pharmacies in France for 12 years, but it hasn’t had the resources to develop it further. With a $10 million advance from Nestlé, it aims to have the test approved by 2021.