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OptiBiotix Health PLC

OptiBiotix continues to see commercial traction for its functional food technology

The latest deal involving its weight management productcovers Australia and New Zealand

OptiBiotix Health PLC -
A lot of moo-lah: Maxum sells 35,000 metric tonnes of dairy per year, generating sales of A$150mln

OptiBiotix Health PLC (LON:OPTI) continues to see commercial traction for its functional food technology.

In the latest of a series of similar deals, the company said it had signed an exclusive manufacturing, supply and distribution agreement with Brisbane-based dairy supplier Maxum Foods for its SlimBiome weight management product.

“We chose Maxum due to their knowledge of the Australian and New Zealand markets as well as their experience in distributing specialty ingredients like SlimBiome and their reputation for supplying high-quality products to the food industry,” said Fred Narbel, managing director of OptiBiotix's prebiotics division.

“We believe working with Maxum, and similar partners around the world, provides the best opportunity of increasing our global commercial reach and catering to the growing interest we are seeing in SlimBiome from partners worldwide."

As alluded to above, the latest commercial alliance covers the Australia and New Zealand region.  The Australian weight management market alone is estimated to be worth A$320mln.

SlimBiome is one of OptiBiotix’s flagship products aimed at tackling obesity, cholesterol and diabetes.

All work by targeting the human microbiome, an ecosystem of bacteria found in the gut and on the skin.

Quick facts: OptiBiotix Health PLC

Price: £0.70

Market: AIM
Market Cap: £59.38 m
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Full interview: OptiBiotix Health signs exclusive Australia & NZ deal for...

OptiBiotix Health PLC's (LON:OPTI) Stephen O'Hara talks Proactive London's Andrew Scott through an exclusive manufacturing, supply and distribution agreement they've signed with Brisbane-based dairy supplier Maxum Foods for its SlimBiome weight management product. The deal covers the...

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