OptiBiotix Health - LPLDL® license agreement with Kappa Bioscience AS
Released
Released
Announcement PDF
RNS Number : 9036D
OptiBiotix Health PLC
01 July 2019
OptiBiotix Health plc
("OptiBiotix" or the "Company")
LPLDL® license agreement with Kappa Bioscience AS for vascular health
product
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. ("ProBiotix"), has signed a license agreement with Kappa
Bioscience AS ("Kappa") for the use of Lactobacillus plantarum LPLDL® in a new
application area within cardiovascular health. The agreement covers 27 countries,
largely in Europe, but also includes Russia and Singapore.
The new vascular health product will combine ProBiotix's cholesterol and blood
pressure-reducing probiotic strain Lactobacillus plantarum LPLDL® ("LPLDL® ") with
Kappa's proprietary K2VITAL® which they market as the purest and most active form
of vitamin K2. The product is being developed to improve vascular health and is
another addition to a portfolio of cardiovascular health products (cholesterol
reduction, hypertension reduction) containing LPLDL®. ProBiotix's preferred
development and production partner, Nutrilinea Srl. in Milan (Italy), will cover the
costs of development and will be the manufacturer of the final product. Kappa and
ProBiotix will commercialise the product leveraging their existing and new
distribution networks.
Based in Norway, Kappa has developed a technology to manufacture vitamin K2 MK-7
(all-trans menaquinone-7) with the highest purity and bioavailability, allowing for
more cost-effective and efficacious dosing. Marketed under the K2VITAL®brand name
through a global network of distributors K2VITAL® is amongst the most widely
recognised brands of vitamin K2.
The product is being developed to optimise the complementary modes of action in
both companies branded ingredients (LPLDL® and K2VITAL®) to reduce a number of
independent cardiovascular risk factors. Calcification of blood vessels reduces their
elasticity leading to arterial hardening which in turn increases cardiovascular disease
morbidity and mortality. LPLDL® lowers cholesterol and blood pressure mitigating
these predisposing factors whilst K2VITAL® keeps calcium in the bones and away
from the blood vessels improving vascular health. The combination of both
ingredients creates a product which has the potential to reduce a number of
independent cardiovascular risk factors and improve cardiovascular health.
This agreement is a strategic step to include LPLDL® in a wide range of cardiovascular
health supplements, and in food, dairy, and beverage products across the world. This
builds brand recognition, enhancing brand value, and creates a demand by partners
to include LPLDL® as the functional ingredient in a wider range of products.
Dr. Luis Gosalbez, Business Development Director of OptiBiotix, commented:
"We are delighted to announce this deal with Kappa which will combine two clinically
proven branded ingredients (LPLDL® and K2VITAL®) into a unique formulation designed
to reduce a number of independent cardiovascular risk factors. This broadens the use of
LPLDL® beyond cholesterol reduction and creates new market opportunities in the field of
cardiovascular health. The result is a new product for vascular health, a segment of
cardiovascular care where very few products are currently available. This increases brand
recognition and value in addition to creating a demand for LPLDL® as an ingredient.
This means we are able to derive revenue from both the sale of a wide range of
cardiovascular health products containing LPLDL®, as well as LPLDL® ingredient sales."
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 / Ludovico Lazzaretti
finnCap (Broker)
Geoff Nash/ Scott Mathieson / Kate Bannatyne (Corporate
Finance)
Camille Gochez (Corporate Broking)
goetzpartners securities Limited
Ulrich Kinzel
Brigitte de Lima
Walbrook PR Ltd
Anna Dunphy
www.optibiotix.com
Contact via Walbrook
below
Tel: 020 7213 0880
Tel: 020 7220 0500
Tel: 020 3859 7725
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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