OptiBiotix Health - SlimBiome® contract manufacturing agreement
Released
Released
Announcement PDF
RNS Number : 7909I
OptiBiotix Health PLC
06 April 2020
OptiBiotix Health plc
("OptiBiotix" or the "Company")
SlimBiome® contract manufacturing agreement with Laboratoire PYC Inc.
OptiBiotix
Health
plc
(AIM:
OPTI), a life sciences business developing compounds to tackle obesity, high
cholesterol, diabetes and skincare, announces it has entered into a contract
manufacturing agreement with Laboratoire PYC Inc. ("Laboratoire PYC") in France.
Laboratoire
PYC
(https://www.laboratoire-pyc.com/en/company/)
develops,
manufactures and packages private label food supplements, nutricosmetics and
high protein & sport nutrition products. Laboratoire PYC has more than 30 years of
experience and belongs to the Solina Group (https://solina-group.com), a group with
a turnover of approximately €450 million. The terms of the agreement grant
Laboratoire PYC the exclusive rights to manufacture a new type of meal replacement
shakes designed specifically to support the international expansion of OptiBiotix's
own label GoFigure® consumer weight management brand.
This is another strategic step by OptiBiotix to de-risk its supply chain. The deal
builds on the recent partnership with Fipros A/S in Denmark to produce SlimBiome
under licence within the European Union (RNS: 2 April 2020) and creates a source of
supply of GoFigure® products located within the European Union to support the
international growth of the B2C brand in Poland (RNS: 6 December 2019), in
Malaysia and Singapore (RNS: 6 December 2019) and Eastern Europe (RNS: 24 March
2020).
Dr. Fred Narbel, Managing Director of OptiBiotix's prebiotics
division, commented: "We are very pleased to work with Laboratoire PYC to
manufacture a new range of meal replacement shakes formulated with SlimBiome®,
and sold under the GoFigure® brand. The agreement helps us lower the cost of trade
in case of a hard Brexit, supports our existing and future European distributors, and
builds contingency into the supply chain: a key requirement from large retail
partners who do not want to be single-sourced. In addition, Laboratoire PYC has a
large portfolio of product formulations which can be formulated with SlimBiome®
enabling us to increase the number of applications, extend our product range, and
shorten the development of new GoFigure®, SnackSmart® and SnackWell®
products without incurring significant development costs."
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)
Tel: 020 7220 0500
Camille Gochez (Corporate Broking)
goetzpartners securities Limited
Ulrich Kinzel
Walbrook PR Ltd
Anna Dunphy
Tel: 0203 859 7725
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.
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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