Business
Completion of pilot launch and creation of JV
Completion of pilot launch and creation of JV.
About this update from Optibiotix Health Plc
[{"type":"text","content":"\n \nRNS Number : 1759F OptiBiotix Health PLC 26 July 2016 \n\nOptiBiotix Health plc\n(\"OptiBiotix\" or the \"Company\")\n \nSlimbiome®: Successful completion of pilot launch in GoFigure® shakes and bars\n Creation of majority owned joint venture agreement with The Healthy Weight Loss Co. \n \nOptiBiotix Health plc (AIM: OPTI), a life sciences business developing compounds to tackle obesity, high cholesterol, diabetes and skin care, announces the successful completion of a trial launch for its Slimbiome® ingredients in a range of meal replacement shakes and natural snack bars, and its investment to create a majority owned joint venture with The Healthy Weight Loss Company.\n \nSlimbiome® is OptiBiotix's patented combination of natural ingredients, identified and developed by experts in nutrition and metabolism, which support scientifically substantiated weight loss claims. In independent tests the component ingredients have shown reductions in calorie intake of >20% along with reduced levels of cravings. Working in partnership with The Healthy Weight Loss Company, OptiBiotix carried out a test launch of Slimbiome® in GoFigure® snacks and shakes under a non-exclusive UK license agreement. More information can we found at www.GoFigureDiet.com. \n \nFollowing the success of the test launch, OptiBiotix has completed an investment to acquire 51% of The Healthy Weight Loss Company, and see this as a platform to incubate new technological solutions and develop wider product applications in weight management.\n• GoFigure® was a finalist in \"Best New Health & Nutrition\" at the 2016 European Natural & Organic Awards and launched on line in June\n• Retail listings have been confirmed with first listings on the shelves from August, and wider discussions taking place \n• Early web based sales are out-performing expectations, and the products are receiving positive reviews and most importantly, dieters are finding the real benefits of this diet plan\n \nThis incubator...