20th December|Investor Media, News

OptiBiotix announces trio of new commercial agreements

OptiBiotix Health Plc (‘OptiBiotix’), a life sciences business developing compounds to tackle obesity, cardiovascular disease and diabetes, has announced the details of three new commercial agreements, extending the geographic reach of its SlimBiome® and GoFigure® brands in 2020.

Exclusive supplier of GoFigure weight management products to the Polish market, Extensor, has extended its offering with an additional agreement to act as the sole distributor of SlimBiome across Poland. SlimBiome is the functional ingredient that forms the core of GoFigure’s effectiveness as a weight management solution. The agreement follows the launch of new eCommerce platform GoFigure.PL, developed to meet the growing demands of the market and provide science-backed weight loss solutions to the Polish market.

OptiBiotix has also revealed the details of an exclusive distribution deal signed with nutraceutical product supplier Epic Ingredients Sdn Bhd (‘Epic Ingredients’). The agreement grants the business the exclusive rights to distribute SlimBiome in Malaysia and Singapore subject to minimum order quantities and a requirement to place a first order within four months of signing, strengthening its portfolio of functional ingredients. SlimBiome Medical was recently awarded Best Weight Management Ingredient of 2019 by NutraIngredients Asia, demonstrating the rising global awareness and demand of effective microbiome management for sustainable weight loss.

Completing the trio of announcements, OptiBiotix has revealed an exclusive distribution agreement with Supplemed Solution Sdn Bhd (‘Supplemed’), a subsidiary of Epic Ingredients that specialises in the import and supply of nutraceuticals backed by human studies. The deal will see Supplemed act as sole distributor of GoFigure weight management products to Malaysia and Singapore.

Dr Fred Narbel, Managing Director of the prebiotics division at OptiBiotix, commented: “We are delighted to see the science-backed health solutions we have developed continue to go from strength to strength across new geographies with our partners, both existing and new. It speaks to the rapidly growing demand for science-backed weight management solutions, without the need to rely on will power alone.

“With Extensor expanding their existing agreement to not only GoFigure, but also the science-backed ingredient inside, SlimBiome, the demand for the brand only continues to grow. Likewise, our new partnerships with Epic Ingredients and Supplemed further demonstrate the enormous market potential of SlimBiome and GoFigure.”