So-called 'transition' or toddler formulas allegedly trick parents into thinking these products adhere to the same standards as infant formula, according to three separate but nearly identical class action lawsuits.
Nestlé today confirmed the successful take-over of Novartis Medical
Nutrition in a deal worth US$2.5bn - and one which will catapult
the Swiss firm into the top end of the medical foods market.
Swiss food giant Nestle has confirmed its plan to purchase Novartis
Medical Nutrition for US$2.5bn - a move that propels it from a
minor player in healthcare nutrition to the world number two.
Speculation that Swiss food group Nestle is mulling the acquisition
of Novartis' Gerber baby foods business at the same time as the
planned buy of the pharma giant's medical supplements unit is
gaining momentum, with analysts...
After putting its health food brands up for sale earlier this year,
sources say that Novartis is close to selling its Ovaltine malt
drink brand to a group of trade buyers.