OptiBiotix Health - Launch of weight management products
Released
Released
Announcement PDF
RNS Number : 6922B
OptiBiotix Health PLC
12 October 2020
OptiBiotix Health plc
("OptiBiotix" or the "Company")
Launch of weight management products in Australia and New Zealand
Shakes and bars containing OptiBiome® technology
OptiBiotix
Health
plc
(AIM:
OPTI), a life sciences business developing compounds to tackle obesity, high
cholesterol, diabetes and skincare, announces the launch of meal replacement shakes
and bars containing OptiBiotix's OptiBiome® proprietary weight management
technology under the Optislim® brand with Woolworths, ChemistWarehouse and on
OptiPharm Pty Ltd's ("OptiPharm") online store in Australia and New Zealand.
These simultaneous launches build on a licence agreement entered into in March
2020 granting OptiPharm exclusive use of the OptiBiome® trademark in Australia,
parts of Asia, New Zealand, Middle East, the Gulf States and North America (RNS: 31
March 2020) and subsequent extension of terms to include Europe (RNS: 5 August
2020).
OptiPharm is a privately owned Australian company which has been operating for
24 years. OptiPharm's flagship brand, Optislim®, is the No. 1 Australian weight
management brand incorporating shakes, soups and bars available as total (very
low calorie diet) or partial (low calorie diet) meal replacements.
Garry McDonald, Managing Director of OptiPharm, commented: "We are
delighted to announce the release of our Optislim® - Optibiome® range of meal
replacement shakes & snack bars. Products will be available to Australian consumers
from the week commencing 12 October 2020 via the Chemist Warehouse group and the
Woolworths supermarket chain. Release will follow shortly throughout New Zealand
with contracts currently being finalised for a number of regions throughout Asia.
Essentially, we are revolutionising meal replacements utilising OptiBiome®, the award
winning, patented ingredient from OptiBiotix. We look forward to a long and successful
association with the OptiBiotix team."
Dr. Fred Narbel, Managing Director of OptiBiotix's prebiotics
division, commented: "We are very pleased to announce the commercial launch of
these weight management products containing OptiBiome® under OptiPharm's
Optislim® brand. OptiBiotix's partnership with Australia's No. 1 weight management
brand combined with the retailers' distribution network allows the Company to
access a wide base of customers in Australia and New Zealand and provide them
with a scientifically proven and award-winning ingredient to help them achieve their
weight loss. This first commercial step with OptiPharm highlights the strength of the
relationship between the two companies and we look forward to future commercial
launches beyond Australia and New Zealand."
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
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 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
snacks and food products. The Company's current areas of focus include obesity,
digestive health, cardiovascular health, and diabetes.
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed to be, forward
looking statements. Forward looking statements are identified by their use of terms
and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'',
''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or
comparable expressions, including references to assumptions. These forward
looking statements are not based on historical facts but rather on the Directors'
current expectations and assumptions regarding OptiBiotix's future growth, results
of operations, performance, future capital and other expenditures (including the
amount, nature and sources of funding thereof), competitive advantages, business
prospects and opportunities. Such forward looking statements reflect the Directors'
current beliefs and assumptions and are based on information currently available to
the Directors.
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