This long-term agreement gives Nestlé exclusive rights to utilise this probiotic in an additional range of products in a large number of countries, with focus on emerging markets.
Lactobacillus reuteri will be added in an existing product line of Nestlé. This development has been greatly facilitated by the available clinical studies performed by BioGaia and represents a great opportunity to offer a differentiated and value-added solution to the consumers.
This is the third agreement with Nestlé after the sale of the perpetual licence to use Lactobacillus reuteri in infant nutrition products to Nestlé in February 2012.
“We are very pleased to having been able to conclude this agreement with Nestlé as it gradually replaces a significant part of the business that we earlier sold to them,” said Peter Rothschild, president, BioGaia. “It reflects the excellent partnership established.”
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