OptiBiotix Health - Extension of terms for WellBiome
Released
Released
Announcement PDF
RNS Number : 8651S
OptiBiotix Health PLC
14 July 2020
OptiBiotix Health plc
("OptiBiotix" or the "Company")
Extension of terms for WellBiome® with Draco Ingredients GmbH
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 Draco Ingredients GmbH ("Draco") as
announced on 19 December 2019.
The agreement extends the product range from the distribution of SlimBiome® to
include WellBiome®. The territory remain unchanged with distribution rights in
Germany.
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. The functional ingredient was launched at the end of June 2020
(RNS: 29 June 2020) in response to commercial partners expressing strong interest
for an ingredient that would expand the commercial opportunity beyond slimming
and provide a solution to the Health & Wellness industry, a market estimated to be
worth US$4.2 trillion in 2019.
Andre Wittke, General Manager at Draco, commented: "The introduction of
WellBiome® gives us the opportunity to extend our product portfolio of functional
ingredients with scientifically proven benefits and increase the commercial opportunity.
There is growing awareness of the link between gut health and general wellbeing in
Germany and WellBiome® creates a 'ready for market' opportunity to access this
growing health and wellbeing trend."
Dr. Fred Narbel, Managing Director of OptiBiotix's prebiotics
division, commented: "We are pleased to announce the extension of terms for
Draco. This agreement recognises Draco's success in building brand awareness for
OptiBiotix's SlimBiome® trademark in Germany with the launch of the
www.slimbiome.de website and early commercial success. The agreement extends terms
to expand the commercial opportunity in the territory and is a second commercial step
(RNS: 6 July 2020) in bringing OptiBiotix's 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.
END
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