OptiBiotix Health - Manufacturing agreement for SlimBiome®
Released
Released
Announcement PDF
RNS Number : 2922M
OptiBiotix Health PLC
07 January 2019
7 January 2019
OptiBiotix
Health plc
("OptiBiotix" or the "Company")
Manufacturing, supply and profit sharing agreement for SlimBiome®
OptiBiotix
Health
plc
(AIM:
OPTI), a life sciences business developing compounds to tackle obesity, high
cholesterol, diabetes and skin care, announces that it has entered into an exclusive
manufacturing and supply agreement with Zeon Lifesciences Ltd ("Zeon"). The
agreement grants Zeon an exclusive license to manufacture and supply OptiBiotix's
SlimBiome® weight management technology in India, in return for 50% of the profit.
The agreement optimises the supply chain in Southern Asia by leveraging Zeon's
purchasing power, manufacturing efficiencies and partner network to scale up the
manufacture and supply of SlimBiome®. Under the terms of the agreement, Zeon
will cover the cost for the registration of SlimBiome® and any finished product
containing Slimbiome® with the Food Safety and Standard Authority of India (FSSAI).
This agreement is an important step in meeting the needs of major Indian and global
corporates for SlimBiome®, and SlimBiome® containing products, in the large
consumer markets of India and Southern Asia. This business to business (B2B)
strategy brings OptiBiotix's innovative science together with partner's expertise and
market reach to create multiple product opportunities to serve consumer healthcare
markets around the world.
Zeon has over 30 years' experience in developing and manufacturing
customised formulations and presentations (spray dried and dry blended powders,
syrups, capsules, tablets, sachets and diskettes) for the food, herbal, pharmaceutical
and nutraceutical Industry. It is India's leading manufacturer of nutraceutical and
herbal products with a strong focus on scientifically researched and clinically backed
products which have the potential to be market leaders. Zeon has NSF Certified and
Certified WHO GMP compliant plants, NABL Accredited quality control laboratories,
and is approved by FSSAI & AYUSH, India. Zeon was awarded Nutraceutical
Manufacturing Company of the Year in 2017 by The Associated Chambers of
Commerce and Industry of India, and Best Nutraceutical Research Company in 2018
by CMO Asia. Zeon include major Indian and international healthcare companies such
as Danone, GNC, Decathlon, Sun Pharma and Herbalife amongst its customers.
Stephen O'Hara, CEO of OptiBiotix, commented: "We are pleased to announce
this exclusive manufacturing, supply and profit sharing agreement. We chose Zeon due
to their position as India's leading manufacturer of nutraceutical products, industry
reputation, extensive national and international partner network, and their expertise in
manufacturing high value nutraceutical products. We believe partnering with Zeon is an
important step in optimising the supply chain to facilitate the needs of existing and new
corporate partners in India and Southern Asia and anticipate further announcements in
due course. We hope the combination of our strong science and Zeon's local knowledge
and manufacturing expertise with our combined partner network will quickly help bring
the benefits of SlimBiome® technology to India's 29.8m obese men and women."
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
Tel: 020 7213 0880
finnCap (Broker)
Geoff Nash/ Scott Mathieson / Kate Bannatyne (Corporate
Finance)
Camille Gochez (Corporate Broking)
Tel: 020 7220 0500
Walbrook PR Ltd
Anna Dunphy
Tel: 020 7933 8780 or
optibiotix@walbrookpr.com
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 five 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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