OptiBiotix Health - Extension of terms for WellBiome with Agropur
Released
Released
Announcement PDF
RNS Number : 8032T
OptiBiotix Health PLC
23 July 2020
OptiBiotix Health plc
("OptiBiotix" or the "Company")
Extension of terms for WellBiome® with Agropur MSI, LLC
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 manufacturing, supply and profit sharing agreement with Agropur MSI, LLC
("Agropur") as announced on 24 June 2019.
The agreement builds on the commercial launch of SlimBiome® to the North
Amercian market as announced on 31 January 2020 and first deliveries to
customers in the territory as announced on 4 May 2020. It extends the product
range from the manufacturing and distribution of SlimBiome® to include
WellBiome®. The territories remain unchanged with manufacturing and distribution
rights in the USA, Canada and Mexico.
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.
Mike Homewood, Vice-President of Customs Solutions at Agropur,
commented: "We are happy to have OptiBiotix once again show their confidence in
Agropur to manufacture and market another impressive and innovative gut health
product to health and wellness brands across North America."
Dr. Fred Narbel, Managing Director of OptiBiotix's prebiotics
division, commented: "We are pleased to announce the extension of terms for
Agropur. This agreement recognises Agropur's success in building sales of SlimBiome®
with first deliveries in the territory in Q2 2020 through Smart for Life, Inc. as announced
on 4 May 2020. The agreement extends terms to support further sales growth and is a
third commercial step (RNS: 6 July 2020 and 14 July 2020) in bringing our new
functional ingredient WellBiome® to global markets and building brand awareness.
This is an important agreement as it will help OptiBiotix access a wider range of
customers in North America, a market where the understanding of the microbiome is
gaining momentum."
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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