logo-loader
viewOptiBiotix Health PLC

OptiBiotix agrees contract manufacturing deal with French supplements and nutrition group

The move follows on from a tie-up last week with Denmark’s Fipros, which will produce food additive SlimBiome under license for distribution across the EU. 

OptiBiotix Health PLC -

OptiBiotix Health PLC (LON:OPTI) has signed a contract manufacturing agreement with French food supplements and nutrition group, Laboratoire PYC.

The new partner has the exclusive rights to manufacture meal replacement shakes for the UK firm’s GoFigure weight management range.

OptiBiotix said the deal helps “de-risk” its supply chain. It follows on from a tie-up last week with Denmark’s Fipros, which will produce food additive SlimBiome under license for distribution across the EU. 

“The [latest] agreement helps us lower the cost of trade in case of a hard Brexit, supports our existing and future European distributors, and builds contingency into the supply chain: a key requirement from large retail partners who do not want to be single-sourced,” Dr Fred Narbel, managing director of OptiBiotix's prebiotics division said in a statement.

“In addition, Laboratoire PYC has a large portfolio of product formulations which can be formulated with SlimBiome enabling us to increase the number of applications, extend our product range, and shorten the development of new GoFigure, SnackSmart and SnackWell products without incurring significant development costs."

The company has developed or is developing products and treatments for obesity, high cholesterol, diabetes and skincare that target the human microbiome, a bacterial ecosystem found in the gut and on the skin.

Quick facts: OptiBiotix Health PLC

Price: 59.5 GBX

AIM:OPTI
Market: AIM
Market Cap: £52.32 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...

3 weeks, 5 days ago

2 min read