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Nestle invests in protein startup

Feb. 23, 2016 9:20 AM ETNestlé S.A. (NSRGY) StockNSRGF, NSRGYBy: Clark Schultz, SA News Editor
  • Nestle (OTCPK:NSRGY, OTCPK:NSRGF) discloses it invested $43M in protein developer Pronutria Biosciences.
  • Pronutria aims to develop a product to help with treatment and prevention of neurological, muscle, and liver diseases.
  • On a broader scale, Nestle is looking to beef up its health science unit through M&A and startup investing.

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