OptiBiotix Health - Extension of terms for WellBiome
Released
Released
Announcement PDF
RNS Number : 0463S
OptiBiotix Health PLC
06 July 2020
OptiBiotix Health plc
("OptiBiotix" or the "Company")
Extension of terms for WellBiome®
OptiBiotix
Health
plc
(AIM:
OPTI), a life sciences business developing compounds to tackle obesity, high
cholesterol, diabetes and skincare, announces it has extended the terms of its
original distribution agreement with CTC Holding BV ("CTC") as announced on 1
October 2018 and subsequent amendment as announced on 28 January 2020.
The agreement extends the product range from the distribution of SlimBiome®,
SlimBiome® Medical and GoFigure® to include WellBiome®. The territories remain
unchanged with distribution rights in the Philippines, Vietnam, Indonesia, Colombia,
the Dominican Republic and Guatemala. The agreement is for an initial period of 18
months from January 2020 with renewal of terms linked to sales targets.
WellBiome® is a proprietary blend of prebiotic functional fibres, functional dietary
fibres and mineral optimised for health and wellbeing by promoting the diversity of
the gut microbiome. WellBiome® was launched at the end of June 2020 (RNS: 29
June 2020) in response to commercial partners expressing strong interest in a
microbiome modulating ingredient that would expand the commercial opportunity
beyond slimming and provide a science based solution to the Health & Wellness
industry, a market estimated to be worth US$4.2 trillion in 2019. The agreement
with CTC is the first example of a partner transitioning from an expression of
interest to a contractual agreement.
Dr. Lars Wiemann, Chief Scientific Officer at CTC, commented: "We see
WellBiome® as an evolution of SlimBiome®, that extends the main target from weight
loss & hunger control towards improving your gut health and thus your immune health
as well as your general health. Recent scientific research has shown that boosting your
immune system by improving your gut health is a proven concept. Therefore,
WellBiome® perfectly fits into CTC's global strategy for health supporting ingredients
and we are really happy we can offer this innovative product to our clients now."
Dr. Fred Narbel, Managing Director of OptiBiotix's prebiotics
division, commented: "We are pleased to announce the extension of terms for CTC.
This agreement recognises CTC's success in building sales of SlimBiome® and extends
terms to enhance further sales growth, supported by minimum sales targets. This is a
first commercial step in bringing our new functional ingredient WellBiome® to global
markets and building brand awareness."
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
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.
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