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VIDEO: Nestle nudges in to milk medicine

The world's largest food company is making a foray into the medical arena. Nestle's purchasing the rights to a testing kit for infants with milk allergies. Swiss Nestle are set to pay the current owners, France's DBV Technologies, 10 million euro...

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The Nestle logo is pictured on the company headquarters building in Vevey, Switzerland. REUTERS/Pierre Albouy

The world's largest food company is making a foray into the medical arena.

Nestle's purchasing the rights to a testing kit for infants with milk allergies.

Swiss Nestle are set to pay the current owners, France's DBV Technologies,

10 million euros up front, with a further 90 million dependent on successful development of the skin patch test.

As well as developing and marketing the experimental kit for cow's milk protein allergy.

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Nestle want to raise awareness of the condition.

In a bid to boost sales of products for babies with food intolerance.

And hopes it will eventually generate 10 billion dollars worth of business.

DVB's shares rose 5 percent on the news.

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