leadf
logo-loader
viewOptiBiotix Health PLC

OptiBiotix Health continues to clinch deals as sales pick up

Snapshot

  • Developer of technologies that modulate the human microbiome 
  • Targeting weight management and chronic lifestyle diseases
  • Existing deals expanded after Wellbiome launch
OptiBiotix Health PLC -

Quick facts: OptiBiotix Health PLC

Price: 52.4 GBX

AIM:OPTI
Market: AIM
Market Cap: £46.08 m
Follow

What does it do?

OptiBiotix Health PLC (LON:OPTI) has developed technologies that modulate the human microbiome – the collective genome of the microbes in the body.

It has done so by creating microbial strains, compounds and formulations for use in food ingredients, supplements and active compounds that can impact on human physiology, deriving potential health benefits.

With an established pipeline of microbiome modulators, the firm is working on the prevention and management of chronic lifestyle diseases such as obesity, hypercholesterolemia and lipid profiles and diabetes.

Its product roster includes weight management lines SlimBiome and SlimBiome Medical, LPLDL (cholesterol) and SweetBiotix (sweetener).

Recognised as key player

OptiBiotix has also been highlighted as a "key player" in a report on the status of the human microbiome market and its global outlook for 2020-2024.

The report from Market Study Report LLC (MSR) said over recent years the human microbiome market, which was valued at US$351.8mln in 2018, has witnessed “considerable growth on the back of rising incidences of diabetes, growing geriatric population, and continuous research and development conducted by pharmaceutical manufacturers and academia”.

“In addition, growing sedentary lifestyle, increasing incidence of diabetes and chronic diseases globally have contributed to the growth rate of Human Microbiome market”, the report said, adding that these factors were “anticipated to provide higher momentum to the market growth” in the coming years.

The report also predicted that “increasing collaboration in the industry between market players and academia to generate data and treatment for the diseases including gut-related problems which can be tackled with the help of microbiota” will facilitate the growth of the market.

How it is doing

Optibiotix continues to add partners and now 78 deals in place all around the world and commercial traction is now starting to come through.

In Australia, for example, several meal replacement shakes and bars containing its proprietary weight management technology have been launched under the Optislim brand.

The launches build on a licence agreement entered into in March 2020 with OptiPharm, whose flagship brand Optislim is the market-leading weight management brand in Australia.

“Essentially, we are revolutionising meal replacements utilising OptiBiome, the award-winning, patented ingredient from OptiBiotix,” Garry McDonald, the managing director (MD) of OptiPharm said in a statement.

What the boss says: Stephen O’Hara, chief executive officer

"There is now a trend showing an acceleration in year-on-year revenue growth as more agreements generate revenues, existing partners grow sales and more retail partners launch products. We anticipate further revenue growth in 2020 as interest in the microbiome and products for health and wellbeing grows."

"Whilst uncertainty within the global economic environment will create challenges we believe our strategy of working with multiple partners, across different application areas and geographies within the healthcare sector, will limit the risk related to any individual deal, product, or geography."

Video

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...

FOR OUR FULL DISCLAIMER CLICK HERE

Anglo Pacific Group makes a transformational move by acquiring stream on the...

Anglo Pacific Group (TSE: APY- LSE: APF) CEO Julian Treger joined Steve Darling from Proactive with news the company has just announced the biggest deal the company has ever done, acquiring a stream on Vale’s Voisey’s Bay Nickel and Cobalt project in Newfoundland and Labrador for 205...

1 day, 17 hours ago

3 min read