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Nestle to open 10 skincare research centres globally

Company also spending US$350m on R&D in dermatology this year

Published Thu, Dec 11, 2014 · 09:50 PM

London

NESTLE was to announce on Thursday plans to open 10 skincare research centres worldwide, deepening its investment in a faster-growing market for healthcare products.

The Swiss company, known globally for its chocolate bars, baby food and coffee, signalled a heightened interest in skin care earlier this year. It spent US$5.7 billion for the rights to some injectable wrinkle treatments of Valeant Pharmaceuticals and for L'Oreal's share of a dermatology joint venture the two operated.

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