Switzerland-based chocolate company Nestlé has acquired a portfolio company from a venture capital firm it invests in.
Nestlé’s Health Science division, which was set up last year after information about disease-fighting nutrition provided by venture capital firm Inventages Group, has acquired CM&D Pharma, which provides chewing gum, called Fostrap for people with kidney disease, inflammatory bowel disease and colon cancer.
UK-based CM&D is part of the portfolio of Nestlé-backed Inventages and comes a month after Nestlé Health Science became operational.
In October 2007, CM&D raised £500,000 seed funding from undisclosed private investors.
Fasken Martineau acted as legal adviser to CM&D on the sale.