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OptiBiotix set for a strong 2019 as agreements convert into revenues

OptiBiotix Health PLC's (LON:OPTI) Stephen O'Hara looks back on 2018 following the release of their full year results

Among some of the highlights in the period was a five-year deal with Akums Drugs and Pharmaceuticals to exclusively manufacture and supply supplements and drug products containing OptiBiotix’s LPLDL bacteria strain in India.

It also has an exclusive agreement with a US company for the LPLDL that carries six-figure milestone payments.

O'Hara says the raft of agreements signed are now starting to convert to revenues because of the lag period between signing and the start of cash coming in.

Quick facts: OptiBiotix Health PLC

Price: 53 GBX

Market: AIM
Market Cap: £45.28 m

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