OptiBiotix Health - GoFigure® agreement for Southern Africa
Released
Released
Announcement PDF
RNS Number : 6620M
OptiBiotix Health PLC
18 September 2019
OptiBiotix Health plc
("OptiBiotix" or the "Company")
GoFigure® distribution agreement for Southern Africa
OptiBiotix
Health
plc
(AIM:
OPTI), a life sciences business developing compounds to tackle obesity, high
cholesterol, diabetes and skincare, announces it has entered into a one year
exclusive distribution agreement with a South African partner ("The Partner") to
distribute its own label GoFigure® consumer weight management products in South
Africa and neighbouring countries.
The agreement grants The Partner the exclusive rights to import, market and
distribute OptiBiotix's GoFigure® range of products containing its award-winning
SlimBiome® weight management technology. This agreement has been signed
accompanied by minimum order quantities to be placed within three and 12
months of signing to retain exclusivity.
The Partner wishes to remain anonymous until the official launch date of the
GoFigure® brand in South Africa has been confirmed. The Partner has more than 20
years of experience in the pharmaceutical and health & wellness markets and has
successfully commercialised and promoted a wide range of products to a broad
network within the region, spanning the full supply chain.
Dr. Fred Narbel, Managing Director of OptiBiotix's prebiotics
division, commented: "We are pleased to announce the signing of this exclusive
distribution deal for the commercialisation of our GoFigure® products in South Africa
and neighbouring countries (a market estimated to be worth ZAR3.8billion in 2016
source: https://pharmadynamics.co.za/sas-health-supplement-market-booming/). The
agreement is another strategic step to take OptiBiotix's GoFigure® products to
international markets which is important as it builds brand recognition, enhancing
brand value and creates a further demand for SlimBiome®, the functional ingredient
within GoFigure® products. This is an exciting second step in taking OptiBiotix's own
label GoFigure® products to international markets and follows on the announcement
of an earlier deal in Poland (RNS: 22 May 2019)."
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
Camille Gochez (Corporate Broking)
goetzpartners securities Limited
Ulrich Kinzel
Walbrook PR Ltd
Anna Dunphy
Tel: 0203 859 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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