REG - OptiBiotix Health - Extension of term and territories for LPLDL®

OptiBiotix HealthAnnouncement

15/03/2019 07:00

RNS Number : 9309S
OptiBiotix Health PLC
15 March 2019
 


OptiBiotix Health plc
("OptiBiotix" or the "Company")
 
Extension of term and territories for LPLDL® capsules with HLH Biopharma GmbH
 
OptiBiotix Health plc (AIM: OPTI), a life sciences business developing compounds to tackle obesity, cardiovascular disease and diabetes, announces that its fully-owned subsidiary ProBiotix Health Ltd., has extended its original supply agreement (see RNS: 15 June  2017) with HLH BioPharma Vertriebs GmbH ("HLH") covering the supply of LPLDL® capsules. The new agreement grants HLH: -
 
·    An exclusive license to produce, package and commercialise a customised capsular product containing OptiBiotix's cholesterol reducing LPLDL® strain in Germany with order volume commitments which double each year for the next three years to maintain exclusivity in this territory 
·    A nonexclusive license to produce, package and commercialise products containing OptiBiotix's cholesterol reducing LPLDL® strain in Austria, Switzerland and the United Arab Emirates (UAE)
·    The agreement is for three years from the data of signing
·    The agreement restricts HLH from promoting and/or making sales, or exporting products outside these territories
 
HLH have over 20 years' experience in the distribution of probiotic and natural products under the brand names Lactobact® and is one of Europe's leading suppliers of probiotics to the pharmacy market.
 
This agreement recognises the successful launch of HLH in capsules containing LPLDL ® (RNS: 26 July 2017) under the brand name Lactobact® LDL-Control and promoting them directly to the pharmacy market in Germany and to consumers on their online platform. The commitment to double order volumes each year for the next three years to maintain exclusivity reflects the growing confidence from HLH in the science and effectiveness of LPLDL®. This is another important step, in this case with an existing partner, in OptiBiotix's strategy of building the LPLDL® brand, to serve multiple consumer healthcare and pharmaceutical markets around the world.
 
Stephen O'Hara, CEO of OptiBiotix, commented: "We are pleased to announce this extension of terms and territory with HLH who are one of Europe's leading suppliers of probiotics to the pharmacy market. The agreement recognises the success of HLH in building sales of its LPLDL® containing Lactobact® brand in Germany and extends the terms and territory to support further sale growth. This is another step in extending the geographical reach of LPLDL® as it builds recurring revenue streams and increases brand recognition, and the value of its products. This is part of a strategy which allows OptiBiotix to present customised product solutions through its partners to consumer health, pharmaceutical and retail companies around the world."
 
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
 
For further information, please contact:
 



OptiBiotix Health plc


www.optibiotix.com




Stephen O'Hara, Chief Executive


Contact via Walbrook below














Cairn Financial Advisers LLP (NOMAD)








Liam Murray / Jo Turner


Tel: 020 7213 0880




 
finnCap (Broker)








Geoff Nash/ Scott Mathieson / Kate Bannatyne (Corporate Finance)
Camille Gochez (Corporate Broking)


 
Tel: 020 7220 0500




 
Walbrook PR Ltd


 
Tel: 020 7933 8780 or optibiotix@walbrookpr.com




Anna Dunphy


Mob: 07876 741 001








 
 
About OptiBiotix - www.optibiotix.com 
 
OptiBiotix Health plc (AIM: OPTI), which was formed in March 2012, brings science to the development of compounds which modify the human microbiome - the collective genome of the microbes in the body - in order to prevent and manage human disease and promote wellness.
 
OptiBiotix has an extensive R&D program working with leading academics in the development of microbial strains, compounds, and formulations which are used as active ingredients and supplements. More than twenty international food and healthcare supplement companies have signed agreements with OptiBiotix to incorporate their human microbiome modulators into a wide range of food products and drinks.
 
OptiBiotix is also developing its own range of consumer supplements and health products. The Company's current areas of focus include obesity, cardiovascular health, and diabetes.
 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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