OptiBiotix Health seals distribution deal for LPLDL in the USA and Canada
Market exclusivity is linked to a six month time to first order and to sales volumes
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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Market exclusivity is linked to a six month time to first order and to sales volumes
Under the agreement, SACCO, which helped develop the yogurt formulation, will supply LPLDL under a non-exclusive licence to Granja Pocha for inclusion into fermented milk products
Dr. Fred Narbel, managing director of OptiBiotix's prebiotics division said: “This is a key strategic step In OptiBiotix's commercial development as it grants the company access to the US weight management market"
The agreements cover the distribution of SlimBiome, SlimBiome Medical and GoFigure
Partner ALFASIGMA is supporting the new product with an "extensive" marketing campaign
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“Given high investor and consumer interest in the microbiome in the USA and growing sales the board OptiBiotix has commissioned advisors to explore the potential of a dual NASDAQ listing," said chief executive Stephen O’Hara
Statistically significant reductions were shown in both systolic and diastolic blood pressure levels as well as cholesterol levels, which was consistent with a UK study in 2017
The retailer, with over 1,300 stores in 16 countries, will stock SlimBiome
The new deal is with Draco Ingredients, a firm focused on the distribution of dairy-based ingredients to the dairy, sports and medical nutrition sectors
Anthem BioPharma and Zeon Life Sciences have developed Metalite, a weight management supplement, and Metalite Pro, a high protein meal replacement
ProBiotix will supply CTC Far East Philippines with CholBiome®x3, featuring its cholesterol and blood pressure-reducing probiotic strain Lactobacillus plantarum LPLDL®
These agreements are another step in extending the geographical reach and sales of both SlimBiome and products such as GoFigure that contain SlimBiome.
"This line extension will help us convert the commercial opportunities we are working on into distribution agreements," said Dr Fred Narbel, managing director of OptiBiotix's prebiotics division
Hvid-Hansen is joining ProBiotix Health from a position as International Sales Manager from Cell Biotech Int., a Korean probiotic company
The probiotic has been certified 'generally recognised as safe', the highest level of food safety rating in the US
OptiBiotix said the agreement is "another strategic step" to take its GoFigure products to international markets
The life sciences group has signed 44 commercial deals over the past couple of years, and bosses want to see those translate into higher sales and profits
The latest deal involving its weight management productcovers Australia and New Zealand
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