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The Bridgewater,
New Jersey center will further Nestle's healthcare push as the
Swiss company delves deeper into nutritional therapy and the
high-margin medicines arena.
Opening in 2016, the hub will relocate the unit's current
research and development activities from Minneapolis and its
current headquarters from nearby Florham Park.
"The new facility will house the latest technologies and people
in the field, uniting our R&D and business teams in a region
with strong life-science activity," division head Greg Behar
said. "It will enhance and accelerate the quality and speed to
market of Nestle Health Science's innovations that improve
nutritional status and health outcomes."
Behar will update media and investors on the business at
Nestle's nine-month sales conference on Oct. 16 at the company's
Vevey, Switzerland headquarters.
(Reporting by Brenna Hughes Neghaiwi, editing by David Evans)
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