REG - OptiBiotix Health - Extension of terms for WellBiome with Maxum Foods

OptiBiotix HealthAnnouncement

30/07/2020 07:01

RNS Number : 5266U
  
OptiBiotix Health PLC
  
30 July 2020
  
 

OptiBiotix Health plc
("OptiBiotix" or the "Company")
 
Extension of terms for WellBiome® with Maxum Foods Pty Ltd
 
OptiBiotix Health plc (AIM: OPTI), a life sciences business developing compounds to tackle obesity, high
cholesterol, diabetes and skincare, announces it has extended the terms of its original manufacturing, supply and profit sharing agreement with Maxum Foods Pty Ltd ("Maxum Foods") as announced on 12 August 2019.
 
The agreement extends the product range from the manufacturing and distribution of SlimBiome® and OptiBiome® to include WellBiome®. The territories remain unchanged with distribution rights in Australia and New-Zealand.
 
WellBiome® is a proprietary blend of prebiotic functional fibres, functional dietary fibres and mineral optimised for health and wellbeing by promoting the diversity of the gut microbiome. The functional ingredient was launched at the end of June 2020 (RNS: 29 June 2020) in response to commercial partners expressing strong interest for an  ingredient that would expand the commercial opportunity beyond slimming and provide a solution to the Health & Wellness industry, a market estimated to be worth US$4.2 trillion in 2019. 
 
Edwin Lloyd, General Manager at Maxum Foods, commented: "We are excited to add this product to our range. There has been significant interest and discussion in the Australian and New Zealand markets around gut health and its impact on overall body health. We see WellBiome® as an ideal functional ingredient in developing healthy snacks and growing this market." 
 
Dr. Fred Narbel, Managing Director of OptiBiotix's prebiotics division, commented: "We are pleased to announce the extension of terms for Maxum. This agreement recognises Maxum's success in building sales of SlimBiome® and OptiBiome® in the territory with the signature of an exclusive license agreement for OptiBiome® with one of Australia's largest weight management company's as announced on 31 March 2020.  The agreement extends terms to support further sales growth and is a fourth commercial step (RNS: 6 July 2020; 14 July 2020 and 23 July 2020)  in bringing our new functional ingredient WellBiome® to global markets and building brand awareness."  
 
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)


Tel: 020 7213 0880




Liam Murray / Jo Turner / Ludovico Lazzaretti


















finnCap (Broker)


Tel: 020 7220 0500




Geoff Nash / Kate Bannatyne (Corporate Finance)








Camille Gochez (Corporate Broking)


 








 




Walbrook PR Ltd


Mob: 07876 741 001




Anna Dunphy












 
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 programme working with leading academics in the development of microbial strains, compounds, and formulations which are used as active ingredients and supplements. More than 20 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. 
 
 
 
 
 


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