logo-loader
viewOptiBiotix Health PLC

OptiBiotix inks agreement to manufacture LPLDL in US market

The biotech firm said under the agreement, US Pharma Lab Inc (USPL) would be granted non-exclusive rights to manufacture and supply formulations containing the LPLDL strain

USA agreement
The agreement gives the firm access to the US$7.1bn US probiotic market

OptiBiotix Health plc (LON:OPTI) has signed a manufacturing and supply agreement with a US-based probiotic maker for its LPLDL probiotic strain.

The biotech firm said under the agreement, US Pharma Lab Inc (USPL) would be granted non-exclusive rights to manufacture and supply formulations containing the LPLDL strain.

READ: OptiBiotix Health unveils second distribution deal of the week for weight management product

USPL is a family owned business with facilities in the US, India, and China which focuses on the handling of challenging ingredients such as probiotics.

Opti said the agreement was “an important step” in its business to business (B2B) strategy of utilising its science with partner company expertise and market reach to create multiple products for consumers.

USPL’s pharmaceutical good manufacturing practice (GMP) certification for its probiotic manufacturing facility in New Jersey also offered the possibility of utilising LPLDL in pharmaceutical applications, Opti said.

The agreement gives the firm strategic access to the US probiotic market, the world’s largest with an estimated retail value of US$7.1bn.

Per Rehne, chief commercial director of OptiBiotix, said that the agreement extended the firm’s product offering for LPLDL and had created access to the US market with “an established industry supplier”.

He added that the company would showcase the first formulation from the agreement at the Supply Side West ingredients conference in November.

The agreement follows the second distribution agreement signed for OptiBiotix’s SlimBiome weight management product with South African firm Formulation Creations last week.

In a note to clients, analysts at City broker finnCap said the deal demonstrated the company's ability to "attract high calibre, global partners, eager to utilise the potential inherent within LPLDL".

--Adds broker comment--

Quick facts: OptiBiotix Health PLC

Price: 56.7 GBX

AIM:OPTI
Market: AIM
Market Cap: £49.86 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of OptiBiotix Health PLC named herein, including the promotion by the Company of OptiBiotix Health PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

OptiBiotix Health CEO talks significant new China, Hong Kong and North...

OptiBiotix Health PLC's (LON:OPTI) Stephen O'Hara speaks to Proactive's Andrew Scott after entering into a three-year distribution agreement with Asian product developer and distributor, Pierce Group. This week they've also agreed a non-exclusive license deal for its SlimBiome trademark with...

on 5/5/20

2 min read