Business
Exclusive distribution agreement for SlimBiome®
Exclusive distribution agreement for SlimBiome®.
About this update from Optibiotix Health Plc
[{"type":"text","content":"\n \nRNS Number : 3503T OptiBiotix Health PLC 20 March 2019 \n\nOptiBiotix Health plc\n(\"OptiBiotix\" or the \"Company\")\n \nExclusive distribution agreement for SlimBiome®\n \nOptiBiotix Health plc (AIM: OPTI), a life sciences business developing compounds to tackle obesity, high cholesterol, diabetes and skin care, announces it has entered into an exclusive agreement with DKSH International Limited (\"DKSH\") to distribute OptiBiotix's SlimBiome® proprietary weight management technology in Italy and Spain. Market exclusivity is linked to sales orders in order to maximise the financial return for both parties providing some surety of income for OptiBiotix over the next three years. \n \nDKSH is a leading market expansion services provider. DKSH helps companies and brands to grow in the consumer goods, healthcare, performance materials and technology sectors. DKSH's portfolio of services includes sourcing, market insights, marketing & sales, distribution and logistics as well as after-sales services. Publicly listed on the SIX Swiss Exchange, the Group operates in 35 markets with 33,000 specialists, generating net sales of CHF11.3 billion in 2018.\n \nThe agreement continues OptiBiotix's strategy of expanding SlimBiome® and SlimBiome ® related products, such as its own GoFigure brand for weight management, into key European markets. SlimBiome® is a patented formulation developed by experts in nutrition using ingredients shown to reduce weight in human studies. Independent human studies at a number of universities have shown SlimBiome® reduces hunger and cravings for sweet, fatty and savoury foods, leading to an average 2-3lb per week weight loss. \n \nChristina Wood, Sales & Marketing Director of OptiBiotix commented: \"We are pleased to announce the signing of this agreement with such a strong global partner focusing on the Italian and Spanish markets. With its strong Swiss heritage and long business tradition since 1865, DKSH is a highly successful global corporation with a strong positioning in both consumer goods, including foods and beverages, as well as healthcare and technology; key areas for our weight management products. We are delighted that DKSH will be bringing their marketing and sales expertise to promote the sale of SlimBiome®. With its industry awards, clinical ...