OptiBiotix Health - Launch of SlimBiome® in North America
Released
Released
Announcement PDF
RNS Number : 4825B
OptiBiotix Health PLC
31 January 2020
31 January 2020
OptiBiotix Health plc
("OptiBiotix" or the "Company")
Launch of SlimBiome® in North America with Agropur Inc.
OptiBiotix Health plc (AIM: OPTI), a life sciences business developing
compounds to tackle obesity, high cholesterol, diabetes and skin care, and
Agropur Inc. ("Agropur") have announced the launch of SlimBiome in the
North American market. This launch follows the announcement (RNS: 24 June
2019) that OptiBiotix granted Agropur an exclusive license to manufacture,
supply and distribute OptiBiotix's SlimBiome® weight management
technology in the USA, Canada and Mexico.
Agropur is a wholly owned subsidiary of Agropur Cooperative, which is a
North American dairy industry leader founded in 1938. With 8,800
employees and sales of US$5.5 billion in 2019, Agropur processes more than
14 billion lbs of milk per year at its 38 plants across North America.
Mike Homewood, Vice President of Agropur Custom Solutions, said, "We are
proud of our agreement and partnership with OptiBiotix and the exclusive
opportunity to bring SlimBiome® to the North American food and nutrition
industries. This ingredient solution for weight management fits into Agropur's
goal to provide innovative, forward-thinking products to our customers."
Dr. Fred Narbel, Managing Director of OptiBiotix's prebiotics division,
commented, "We are very pleased with the progress Agropur has made since the
announcement of our partnership at the end of June 2019. Over a rather short
period of time, Agropur has qualified its manufacturing process and is now able
to produce SlimBiome® in the USA and supply the ingredient to North American
B2B customers. This is a key strategic step In OptiBiotix's commercial
development as it grants the company access to the US weight management
market which was estimated to be worth US$72 billion in 2019 (source:
BusinessWire.com)."
For further information, please contact:
OptiBiotix Health plc
Stephen O'Hara, Chief Executive
www.optibiotix.com
Contact via Walbrook below
finnCap (Broker)
Geoff Nash / Kate Bannatyne (Corporate Finance)
Camille Gochez (Corporate Broking)
Tel: 020 7220 0500
goetzpartners securities Limited
Ulrich Kinzel
Tel: 0203 859 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 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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