OptiBiotix Health - Extension of LPLDL® into Dairy Products
Released
Released
Announcement PDF
RNS Number : 6863C
OptiBiotix Health PLC
12 February 2020
OptiBiotix Health plc
("OptiBiotix" or the "Company")
Extension of LPLDL® into Dairy Products
OptiBiotix Health plc (AIM: OPTI), a life sciences business developing compounds to
tackle obesity, cardiovascular disease and diabetes, announces that its wholly-owned
subsidiary ProBiotix Health Ltd. ("ProBiotix"), has signed a licencing agreement with
Granja Pocha S.A. ("Granja Pocha") for the inclusion of ProBiotix's patented probiotic
strain LPLDL® into a functional yogurt product in Uruguay, South America.
Under the terms of the agreement, SACCO S.r.l., which helped develop the yogurt
formulation, will supply ProBiotix's cholesterol and blood pressure-reducing probiotic
strain Lactobacillus plantarum LPLDL®, under a non-exclusive licence to Granja Pocha
for inclusion into fermented milk products, such as yogurts, in Uruguay, with the aim
of maximising the financial return for both Granja Pocha and ProBiotix. There are no
minimum sales targets in the licencing agreement.
Granja Pocha, was founded in 1980 in the main dairy basin of the Río de la Plata, Juan
Lacaze, department of Colonia, Uruguay. Since 2013, they have sold products under
the Colonial brand, including dulce de leche, cheeses, and yogurts. Granja Pocha
describe themselves as having become one of Uruguay's largest and most respected
dairy producers over the years.
Steve Prescott, CEO of ProBiotix, commented: "We are pleased to announce this
agreement with Granja Pocha, which will expand LPLDL®'s presence into South America
and extends its use into dairy products. Granja Pocha was chosen as our partner to
create a functional yogurt containing LPLDL® because of their technical expertise in
dairy, track record of successfully launching new products, and extensive knowledge of
the local market. The work carried out by Granja Pocha is a significant milestone as it
extends the use of LPLDL® into functional foods, in this case dairy, which may be
replicated in other territories. Functional foods like this yogurt containing ProBiotix's
LPLDL® provide a unique format for customer to receive the cholesterol reducing benefits
of LPLDL® and capitalises on a growing industry trend towards functional foods."
This announcement contains inside information for the purposes of Article 7 of EU
Regulation 596/2014.
For further information, please contact:
OptiBiotix Health plc
Stephen O'Hara, Chief Executive
www.optibiotix.com
Contact via Walbrook
below
Cairn Financial Advisers LLP (NOMAD)
Liam Murray / Jo Turner / Ludovico Lazzaretti
Tel: 020 7213 0880
finnCap (Broker)
Geoff Nash/ Kate Bannatyne (Corporate Finance)
Camille Gochez (Corporate Broking)
Tel: 020 7220 0500
goetzpartners securities Limited
Ulrich Kinzel
Tel: 020 3859 7725
Walbrook PR Ltd
Anna Dunphy
Mob: 07876 741 001
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.
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed to be, forward
looking statements. Forward looking statements are identified by their use of terms
and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'',
''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or
comparable expressions, including references to assumptions. These forward looking
statements are not based on historical facts but rather on the Directors' current
expectations and assumptions regarding the Company's future growth, results of
operations, performance, future capital and other expenditures (including the
amount, nature and sources of funding thereof), competitive advantages, business
prospects and opportunities. Such forward looking statements reflect the Directors'
current beliefs and assumptions and are based on information currently available to
the Directors.
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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