OptiBiotix Health - SlimBiome® Medical agreement for Bulgaria
Released
Released
Announcement PDF
RNS Number : 4873V
OptiBiotix Health PLC
09 April 2019
OptiBiotix Health plc
("OptiBiotix")
SlimBiome® Medical agreement for Bulgaria
OptiBiotix
Health
plc
(AIM:
OPTI), a life sciences business developing compounds to tackle obesity, high
cholesterol and diabetes, announces it has entered into a three year distribution
agreement with an established and recognised company ("The Company") to
exclusively distribute and commercialise OptiBiotix's CE marked medical device,
SlimBiome® Medical (SlimBiome®), in Bulgaria.
The Company has an established track record of taking new products to market
directly through pharmacies and wholesalers, via its a distribution network in
Bulgaria.
The agreement grants the Company exclusive distribution in Bulgaria in return for
meeting annual sales targets to retain exclusivity. This agreement follows on from
the announcement that SlimBiome® was granted medical device status and a CE
mark (RNS: 27 November 2018) and the appointment of Nutrilinea S.R.L as a
manufacturer (RNS: 29 November 2018). SlimBiome® is clinically proven in a
number of clinical studies to promote weight loss and will be sold as 30 single dose
sachets to pharmacies and wholesalers in Bulgaria.
The Company requires its identity and the terms of the agreement to remain
confidential to protect its commercial interests and launch plans, therefore no
further details can be disclosed. A further announcement will be made in due
course.
Fred
Narbel,
Managing
Director
of
the
Prebiotics
division, commented: "We are pleased to announce this exclusive distribution deal
after achieving medical device registration and CE mark for SlimBiome® in 2018.
Even more encouraging is that the Company expects to place an early order to support
a consumer launch in the near future. We are delighted at the high level of interest we
have received in SlimBiome® from an industry which recognises the value of protective
patents and trademarks, two industry awards, clinical studies demonstrating safety and
efficacy, and now a medical device registration and CE mark. These all provide clear
differentiation from other weight loss products increasing the likelihood of commercial
success. We hope we can continue to convert this interest into substantial revenues in
the months and years ahead as we build the sales network for SlimBiome® across
Europe and beyond."
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 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
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
AGRIPMITMBAMBFL
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