The billion-euro Biotech from Paris DBV Technologies just signed a €100M deal with Nestlé Health Science to develop a new diagnostic test of Milk allergies. This is the first deal of DBV and shows the potential of its technological platform. I had a chat with its COO David Schilansky to find out more…
DBV is one of the greatest French Biotech success-stories. It is developing a patch to treat peanut and milk allergies, has raised €345M ($410M) on the NASDAQ (IPO+follow-up) and is currently running its own Phase III with plans to market its test alone. You can discover more in my interview of its founder & CEO Pierre-Henri Benhamou here.
DBV has now announced that it has entered into an exclusive global collaboration with Nestlé Health Science for the development and, if approved, commercialisation of MAG1C – an innovative, ready-to-use and standardised patch-test for the diagnosis of Cow’s Milk allergy (CMPA) in infants.
The collaboration includes a €10M upfront and €90M in regulatory and sales performance,