OptiBiotix Health PLC GoFigure® and SlimBiome® commercial updates (8909V)
06 Diciembre 2019 - 1:00AM
UK Regulatory
TIDMOPTI
RNS Number : 8909V
OptiBiotix Health PLC
06 December 2019
OptiBiotix Health plc
("OptiBiotix" or the "Company")
GoFigure(R) and SlimBiome(R) commercial updates
OptiBiotix Health plc (AIM: OPTI), a life sciences business
developing compounds to tackle obesity, high
cholesterol, diabetes and skincare, announces it has entered
into three new exclusive distribution agreements which seek to
extend the global reach of its SlimBiome(R) and GoFigure(R)
products:-
1. Extensor: Extensor is OptiBiotix's exclusive partner in
Poland for distributing its GoFigure(R) product range (RNS: 22 May
2019). OptiBiotix has signed a further agreement which grants
Extensor exclusive rights to distribute SlimBiome(R) in Poland for
a period of 12 months with continued exclusivity subject to
performance review. The agreement recognises the successful launch
of GoFigure products containing SlimBiome into the Polish market
http://www.gofigure.pl/ and allows Extensor to extend the use of
SlimBiome(R) into its own range and partner products.
2. Epic Ingredients: The Company has signed an exclusive
distribution agreement with Epic Ingredients Sdn Bhd ("Epic
Ingredients") to distribute SlimBiome(R) in Malaysia and Singapore.
Exclusivity is subject to minimum order quantities and a
requirement to place a first order within 4 months of signing the
agreement. Epic Ingredients was incorporated in 1998 as a
pharmaceutical service company with its registered office in
Malaysia. Their focus is on the distribution of active
pharmaceutical ingredients (APIs), excipients and nutraceutical raw
materials providing complete distribution and warehousing
facilities
3. Supplemed Solution Sdn Bhd: The Company has signed an
exclusive distribution agreement with Supplemed Solution Sdn Bhd
("Supplemed"), a subsidiary of Epic Ingredients, to distribute
OptiBiotix's own label GoFigure(R) consumer weight management
products in Malaysia and Singapore. Exclusivity is subject to
minimum order quantities and a requirement to place a first order
within 4 months of signing the agreement. Supplemed is a subsidiary
of Epic Ingredients which focuses on the import and distribution of
nutraceuticals backed by human studies.
These agreements are another step in in extending the
geographical reach and sales of both SlimBiome(R) and SlimBiome
containing products like GoFigure. This is consistent with our
strategy of increasing the number of geographies and applications
SlimBiome is used in both as an ingredient, and within GoFigure own
brand and partner white label brands. This builds revenues and
brand recognition.
The agreements for Malaysia and Singapore arise from the
publicity and interest generated from SlimBiome(R) Medical winning
the NutraIngredients award for Best Weight Management Ingredient of
the Year for Asia 2019.
Dr. Fred Narbel, Managing Director of OptiBiotix's prebiotics
division, commented: "We are pleased to announce this extension of
our partnership with Extensor to service the Polish market. They
have proven to be a very reliable commercial partner and have
recently placed a second order for GoFigure(R) branded products to
replenish their stocks. This agreement recognises the early success
of Extensor in selling GoFigure products in Poland and extends the
agreement to SlimBiome as an ingredient to support further sale
growth.
"We are also pleased with our partnerships with Epic Ingredients
and their subsidiary Supplemed to service the Malaysian and
Singaporean markets. These are important as they show the value of
the awards the Company has won over the past two years. It is
important to note that these three agreements are for an initial
period of one year and include sales targets to retain
exclusivity."
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) Tel: 020 7213 0880
Liam Murray / Jo Turner / Ludovico Lazzaretti
finnCap (Broker) Tel: 020 7220 0500
Geoff Nash / Kate Bannatyne (Corporate Finance)
Camille Gochez (Corporate Broking)
goetzpartners securities Limited Tel: 0203 859 7725
Ulrich Kinzel
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 programme working with
leading academics in the development of microbial strains,
compounds, and formulations which are used as active ingredients
and supplements. More than 20 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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