OptiBiotix Health - Extension of term and territories for LPLDL®
Released
Released
Announcement PDF
RNS Number : 9309S
OptiBiotix Health PLC
15 March 2019
OptiBiotix Health plc
("OptiBiotix" or the "Company")
Extension of term and territories for LPLDL® capsules with HLH Biopharma
GmbH
OptiBiotix
Health
plc
(AIM:
OPTI), a life sciences business developing compounds to tackle obesity,
cardiovascular disease and diabetes, announces that its fully-owned subsidiary
ProBiotix Health Ltd., has extended its original supply agreement (see RNS: 15 June
2017) with HLH BioPharma Vertriebs GmbH ("HLH") covering the supply of LPLDL®
capsules. The new agreement grants HLH: ·
·
·
·
An exclusive license to produce, package and commercialise a customised
capsular product containing OptiBiotix's cholesterol reducing LPLDL® strain
in Germany with order volume commitments which double each year for
the next three years to maintain exclusivity in this territory
A nonexclusive license to produce, package and commercialise products
containing OptiBiotix's cholesterol reducing LPLDL® strain in Austria,
Switzerland and the United Arab Emirates (UAE)
The agreement is for three years from the data of signing
The agreement restricts HLH from promoting and/or making sales, or
exporting products outside these territories
HLH have over 20 years' experience in the distribution of probiotic and natural
products under the brand names Lactobact® and is one of Europe's leading
suppliers of probiotics to the pharmacy market.
This agreement recognises the successful launch of HLH in capsules containing
LPLDL ® (RNS: 26 July 2017) under the brand name Lactobact® LDL-Control and
promoting them directly to the pharmacy market in Germany and to consumers on
their online platform. The commitment to double order volumes each year for the
next three years to maintain exclusivity reflects the growing confidence from HLH
in the science and effectiveness of LPLDL®. This is another important step, in this
case with an existing partner, in OptiBiotix's strategy of building the LPLDL® brand,
to serve multiple consumer healthcare and pharmaceutical markets around the
world.
Stephen O'Hara, CEO of OptiBiotix, commented: "We are pleased to announce
this extension of terms and territory with HLH who are one of Europe's leading
suppliers of probiotics to the pharmacy market. The agreement recognises the success
of HLH in building sales of its LPLDL® containing Lactobact® brand in Germany and
extends the terms and territory to support further sale growth. This is another step in
extending the geographical reach of LPLDL® as it builds recurring revenue streams and
increases brand recognition, and the value of its products. This is part of a strategy
which allows OptiBiotix to present customised product solutions through its partners
to consumer health, pharmaceutical and retail companies around the world."
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
Cairn Financial Advisers LLP (NOMAD)
Liam Murray / Jo Turner
finnCap (Broker)
Geoff Nash/ Scott Mathieson / Kate Bannatyne
(Corporate Finance)
Camille Gochez (Corporate Broking)
Walbrook PR Ltd
Anna Dunphy
www.optibiotix.com
Contact via Walbrook
below
Tel: 020 7213 0880
Tel: 020 7220 0500
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 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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