We've done this with one of our children who has severe peanut-triggered anaphylaxis. Over the course of about 18 months, the dosage increased from milligram quantities of peanut flour dissolved in water to 3 grams of roasted peanuts. The dose typically doubled each time.
With the initial administration of each up-dose, we would typically see a barely detectable and mild reaction such as hives or coughing. After a few daily treatments at each dosage, there would be no discernible reaction. We have always been aware we were close to the edge of our child's sensitivity because certain things that seem to increase her immune system loading such as having a fever or being exposed to large amounts of seasonal pollen require reducing the dose slightly to avoid reactions.
We have reached a dosage where it is unlikely that our child would ever face a serious reaction from accidental exposure, which is the goal of the treatment.
I hope that the availability of an FDA approved peanut preparation (and patent protection for some elements of this) does not increase the cost of performing this treatment.