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Nestl? Health Science S.A. and Nestl? Institute of Health Sciences established to target new opportunity between food and pharma

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September 27, 2010

Nestl? Health Science S.A. and Nestl? Institute of Health Sciences established to target new opportunity between food and pharma

Nestl? today announced the creation of Nestl? Health Science S.A. and the Nestl? Institute of Health Sciences to pioneer a new industry between food and pharma. These two separate organisations will allow Nestl? to develop the innovative area of personalised health science nutrition to prevent and treat health conditions such as diabetes, obesity, cardiovascular disease and Alzheimer?s disease, which are placing an unsustainable burden on the world?s healthcare systems.

Nestl? Health Science S.A., a wholly-owned subsidiary of Nestl? S.A., will become operational on 1 January 2011. The new company will be run at arm?s length from Nestl??s main food, beverages and nutrition activities, and incorporate the existing global Nestl? HealthCare Nutrition business, which had a turnover of CHF 1.6 billion in 2009. Nestl? Health Science S.A. will also have access to external scientific and technological know-how through Nestl??s innovation network as well as a number of venture capital funds in which the group has interests. Luis Cantarell, the company?s designated President and CEO, will report to Paul Bulcke in his capacity as Administrateur d?l?gu? of the Board of Directors of Nestl? Health Science S.A., which is chaired by Peter Brabeck-Letmathe.

The Nestl? Institute of Health Sciences will be part of Nestl??s global R&D network. The Institute will be run by Emmanuel E. Baetge, former Chief Scientific Officer of ViaCyte, a biotech company based in San Diego, who will report to Nestl? Chief Technology Officer Werner Bauer and a Steering Committee composed of both Nestl? and external members. Nestl? will invest hundreds of millions of Swiss francs over the next decade to build a world-class Institute of Health Sciences, which will conduct research in relevant areas of biomedical science to translate this knowledge into nutritional strategies to improve health and longevity. The Institute will be based in the multi-disciplinary scientific environment of the Swiss Federal Institute of Technology (EPFL) in Lausanne, where Nestl? is already involved in two life science initiatives.

Nestl? Chairman Peter Brabeck-Letmathe said that Nestl? will be a pioneer in helping to shape the space between the food and pharma industry. ?The combination of health economics, changing demographics and advances in health science show that our existing healthcare systems, which focus on treating sick people, are not sustainable and need redesigning. Nestl? has the expertise, the science, the resources and the organisation to play a major role in seeking alternative solutions. Personalised health science nutrition is about finding efficient and cost effective ways to prevent and treat acute and chronic diseases in the 21st century,? he said.

Nestl? CEO Paul Bulcke said: ?The creation of Nestl? Health Science S.A. and the Nestl? Institute of Health Sciences is the best way to focus our attention and organize our unique capabilities and competencies to seize this promising business opportunity. The new set-up will give us a pioneering and leading role in this entirely new industry, while at the same time allowing us to keep the necessary focus on Nestl??s extremely important food, beverages and nutrition business, as embodied by our binding promise of Good Food, Good Life.?

Luis Cantarell, Nestl? Health Science President and CEO designate, said: ?This is an exciting new business opportunity, the execution of which will have a positive long-term impact on peoples? lives. Personalised health science nutrition will create shared value, both for Nestl? and for society, by successfully preventing, improving and treating acute and chronic medical conditions. I am looking forward to getting this ground-breaking work underway.?

Emmanuel E. Baetge, designated head of the Nestl? Institute of Health Sciences, said: ?The Institute will create and deliver world class excellence in biomedical research to better understand human diseases and ageing as influenced by genetics, metabolism and environment. Translating this knowledge will allow us to advance the concept of daily personalised health science nutrition as the most important first step in disease prevention and treatment.?

Nestl?, the world?s leading nutrition, health and wellness company, first entered healthcare nutrition in 1986. Over the last three years, it has made a number of strategic acquisitions in this area such as Novartis Medical Nutrition and Vitaflo. Nestl? HealthCare Nutrition, currently an integral part of Nestl? Nutrition, has a long established reputation as a science-based organisation and has also been setting the trend for personalised nutrition and related services in recent years.

The press conference on this announcement will be webcast live today at 11 am CET on www.nestle.com and will thereafter also be available on-demand. Questions from attending journalists will be given precedence, although we will also take questions from media and investment community representatives via our website. Please see www.nestle.com for log-in details.

Contacts
Media: Robin Tickle Tel.: +41 21 924 22 00
Investors: Roddy Child-Villiers Tel.: +41 21 924 36 22

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Follow the webcast live at 11:00 CET.

Press release – English (pdf, 28 Kb)
Press release – Fran?ais (pdf, 24 Kb)
Press release – Deutsch

CV Luis Cantarell (pdf, 95 Kb)
CV Emmanuel E. Baetge (pdf, 97 Kb)

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Source: Nestle

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