OptiBiotix Health PLC LPLDL® license agreement with Kappa Bioscience AS (9036D)
01 Julio 2019 - 1:00AM
UK Regulatory
TIDMOPTI
RNS Number : 9036D
OptiBiotix Health PLC
01 July 2019
OptiBiotix Health plc
("OptiBiotix" or the "Company")
LP(LDL) (R) license agreement with Kappa Bioscience AS for
vascular health product
OptiBiotix Health plc (AIM: OPTI), a life sciences business
developing compounds to tackle obesity, cardiovascular disease and
diabetes, announces that its fully-owned subsidiary ProBiotix
Health Ltd. ("ProBiotix"), has signed a license agreement with
Kappa Bioscience AS ("Kappa") for the use of Lactobacillus
plantarum LP(LDL) (R) in a new application area within
cardiovascular health. The agreement covers 27 countries, largely
in Europe, but also includes Russia and Singapore.
The new vascular health product will combine ProBiotix's
cholesterol and blood pressure-reducing probiotic strain
Lactobacillus plantarum LP(LDL) (R) ("LP(LDL) (R) ") with Kappa's
proprietary K2VITAL(R) which they market as the purest and most
active form of vitamin K2. The product is being developed to
improve vascular health and is another addition to a portfolio of
cardiovascular health products (cholesterol reduction, hypertension
reduction) containing LP(LDL) (R). ProBiotix's preferred
development and production partner, Nutrilinea Srl. in Milan
(Italy), will cover the costs of development and will be the
manufacturer of the final product. Kappa and ProBiotix will
commercialise the product leveraging their existing and new
distribution networks.
Based in Norway, Kappa has developed a technology to manufacture
vitamin K2 MK-7 (all-trans menaquinone-7) with the highest purity
and bioavailability, allowing for more cost-effective and
efficacious dosing. Marketed under the K2VITAL(R) brand name
through a global network of distributors K2VITAL(R) is amongst the
most widely recognised brands of vitamin K2.
The product is being developed to optimise the complementary
modes of action in both companies branded ingredients (LP(LDL) (R)
and K2VITAL(R)) to reduce a number of independent cardiovascular
risk factors. Calcification of blood vessels reduces their
elasticity leading to arterial hardening which in turn increases
cardiovascular disease morbidity and mortality. LP(LDL) (R) lowers
cholesterol and blood pressure mitigating these predisposing
factors whilst K2VITAL(R) keeps calcium in the bones and away from
the blood vessels improving vascular health. The combination of
both ingredients creates a product which has the potential to
reduce a number of independent cardiovascular risk factors and
improve cardiovascular health.
This agreement is a strategic step to include LP(LDL) (R) in a
wide range of cardiovascular health supplements, and in food,
dairy, and beverage products across the world. This builds brand
recognition, enhancing brand value, and creates a demand by
partners to include LP(LDL) (R) as the functional ingredient in a
wider range of products.
Dr. Luis Gosalbez, Business Development Director of OptiBiotix,
commented: "We are delighted to announce this deal with Kappa which
will combine two clinically proven branded ingredients (LP(LDL) (R)
and K2VITAL(R)) into a unique formulation designed to reduce a
number of independent cardiovascular risk factors. This broadens
the use of LP(LDL) (R) beyond cholesterol reduction and creates new
market opportunities in the field of cardiovascular health. The
result is a new product for vascular health, a segment of
cardiovascular care where very few products are currently
available. This increases brand recognition and value in addition
to creating a demand for LP(LDL) (R) as an ingredient. This means
we are able to derive revenue from both the sale of a wide range of
cardiovascular health products containing LP(LDL) (R), as well as
LP(LDL) (R) ingredient sales."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, please contact:
OptiBiotix Health plc www.optibiotix.com
Stephen O'Hara, Chief Executive Contact via Walbrook
below
Cairn Financial Advisers LLP (NOMAD)
Liam Murray / Jo Turner / Ludovico Lazzaretti Tel: 020 7213 0880
finnCap (Broker)
Geoff Nash/ Scott Mathieson / Kate Bannatyne Tel: 020 7220 0500
(Corporate Finance)
Camille Gochez (Corporate Broking)
goetzpartners securities Limited Tel: 020 3859 7725
Ulrich Kinzel
Brigitte de Lima
Walbrook PR Ltd Mob: 07876 741 001
Anna Dunphy
About OptiBiotix - www.optibiotix.com
OptiBiotix Health plc (AIM: OPTI), which was formed in March
2012, brings science to the development of compounds which modify
the human microbiome - the collective genome of the microbes in the
body - in order to prevent and manage human disease and promote
wellness.
OptiBiotix has an extensive R&D program working with leading
academics in the development of microbial strains, compounds, and
formulations which are used as active ingredients and supplements.
More than twenty international food and healthcare supplement
companies have signed agreements with OptiBiotix to incorporate
their human microbiome modulators into a wide range of food
products and drinks.
OptiBiotix is also developing its own range of consumer
supplements and health products. The Company's current areas of
focus include obesity, cardiovascular health, and diabetes.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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