OptiBiotix Health signs distribution deal for cholesterol supplement covering Australia, New Zealand, Indonesia and Thailand
Leading this latest leg of the international expansion will be Actial Farmaceutica
Company
LON:OPTI
OptiBiotix Health Plc is a life sciences company operating in one of the most progressive areas of biotechnological research. Developing and commercialising technologies that modulate the human microbiome – the collective genome of the microbes in the body – the company identifies and develops prebiotic formulations and compounds for use in food ingredients and supplements that can impact on human physiology and metabolism, deriving potential health benefits.
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Leading this latest leg of the international expansion will be Actial Farmaceutica
WellBiome is an evolution of SlimBiome, a functional ingredient sold in more than 70 countries formulated to support weight loss and weight management
The company has teamed up with Cambridge Commodities
The group’s commercial plans for 2020 are centred on extending its reach into new application areas, including hypertension, immune and cognitive health
Brown who is known for turning a simple makeup line, Bobbi Brown Essentials, into a billion-dollar global brand with Estée Lauder Companies
“We anticipate further revenue growth in 2020 as existing deals contribute to full-year revenues," said Stephen O’Hara, the group's chief executive officer
The data from Market Study Report said a "growing sedentary lifestyle, increasing incidence of diabetes and chronic diseases globally" will facilitate market growth over the next four years
The group said MAXCARE was “well placed to educate customers on the benefits and functionality SlimBiome can provide”
The agreement grants Pierce exclusive rights to import and commercialise OptiBiotix's SlimBiome weight management ingredient and LPLDL, its cholesterol-lowering probiotic, in China and Hong Kong
The life sciences group, which is developing compounds to tackle obesity, high cholesterol, diabetes and skincare, said the license is contingent on an annual minimum order quantity and the first order within thirty days of signing the agre
The money will also be used to expand awareness and presence of the company's existing products in the US market
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.
It said this latest commercial accord de-risked the business in the event of a hard Brexit, providing a source of product supply within the EU
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The deal will grant OptiPharm exclusive use of the OptiBiome brand in over 20 markets including Australia and North America
Its agreement with a distributor called Extensor Robert Buczek to a further 15 Eastern European and Central Asian countries
It has inked a one-year deal with Lebanon-based Prosperous Pharma
Velinoff Pharma will promote and distribute the CholBiome and CholBiomeX3 brands, which contain the company’s LPLDL probiotic bacteria strain
Instead of the original profit-sharing arrangement, it now becomes a manufacture and supply deal with pricing discounts for increasing sales volumes
Chief among them was the complete evaluation of the ingredients of weight management line SlimBiome to ensure they are generally recognised as safe per US Code 21 CFR 170.30