OptiBiotix Health - SlimBiome® receives approval from FSSAI in India
Released
Released
Announcement PDF
RNS Number : 8084V
OptiBiotix Health PLC
11 April 2019
OptiBiotix Health plc
("OptiBiotix" or the "Company")
SlimBiome® receives approval from FSSAI in India
OptiBiotix
Health
plc
(AIM:
OPTI), a life sciences business developing compounds to tackle obesity,
cardiovascular disease and diabetes, announces that, further to the previous
announcement made on 7 January 2019, it has received a licence from the Food
Standards and Safety Authority India ("FSSAI") for its award winning weight
management product, SlimBiome® to be manufactured in India. The approval was
gained by OptiBiotix's manufacturing partner, Zeon Life Sciences, for both
SlimBiome® and SlimBiome® containing products.
FSSAI licence approval involves both ingredient and quality verification to ensure
the product and manufacturing process is of a high standard and is an essential
regulatory requirement to manufacture and distribute food products in India. The
licence approval allows Zeon to fulfil orders arising from OptiBiotix's recent visit to
India for SlimBiome® and SlimBiome® containing products in its own
manufacturing site.
This is a strategic step by OptiBiotix to add manufacturing in Asia to the supply
chain and extend the market opportunity for its patented award winning weight
management product into the fast growing Indian market with an established
partner. Zeon include major Indian and international healthcare companies such as
Danone, GNC, Decathlon, Sun Pharma and Herbalife amongst its customers and
was awarded Nutraceutical Manufacturing Company of the Year in 2017 by The
Associated Chambers of Commerce and Industry of India.
Stephen O'Hara, CEO of OptiBiotix, commented: "We are really pleased that
Zeon has received FSSAI approval to manufacture SlimBiome® in India. This allows
them to fulfil partner orders and meet the needs of other partners interested in selling
SlimBiome® and SlimBiome® containing products in India. We have been really
impressed with the professionalism of Zeon and the speed at which they are creating
interest and orders for our products in India. Achieving FSSAI approval so quickly is a
significant achievement and is an important step in completing the supply chain to
meet the needs of existing and new corporate partners in India and Southern Asia. This
agreement is another step in a strategy designed to build multiple revenue streams
from ingredient sales, and white label and own label branded consumer and
pharmaceutical products across multiple channels with industry partners from
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.
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