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PARIS Nestle will set up a health-and-wellness division to address such problems as obesity, cardiovascular disease, Alzheimer’s disease and others, according to published reports.
The New York Times reported Monday that the company would create the Nestle Institute of Health Sciences, set to begin operations on Jan. 1.
The division, which will operate as a wholly owned subsidiary, will be based at the Swiss Federal Institute of Technology in the city of Lausanne, the Times reported. Nestle is based in Vevey, Switzerland.