Business
Extension of terms for OptiBiome with OptiPharm
Extension of terms for OptiBiome with OptiPharm.
About this update from Optibiotix Health Plc
[{"type":"text","content":"\n \n \n RNS Number : 1326V\n OptiBiotix Health PLC\n 05 August 2020\n \n \n \n OptiBiotix Health plc\n \n \n (\n \n \"OptiBiotix\" or the \"Company\")\n \n \n Extension of terms for OptiBiome® with OptiPharm\n \n \n OptiBiotix Health plc (AIM: OPTI), a life sciences business developing compounds to tackle obesity, high\n \n \n cholesterol, diabetes and skincare,announces it has extended the terms of its original exclusive licence agreement for OptiBiome® with OptiPharm Pty Ltd. (\"OptiPharm\") as announced on 31 March 2020. \n \n \n \n \n The terms of th\n e\n exclusive licence agreement\n signed in March 2020\n grant\n ed\n OptiPharm exclusive use of the OptiBiome® trademark in Australia, parts of Asia, New Zealand, Middle East, Gulf States and North America\n . The extension of terms now includes Europe. M\n arket exclusivity \n remains\n linked to minimum order quantities\n .\n \n \n \n \n \n OptiPharm \n is\n a privately owned Australian company and has currently been operating for 24 years.\n \n OptiPharm specialises in weight management, nutrition \n and\n infant formul\n a, and their\n products are produced in state of the art Australian manufacturing facilities\n \n that are GMP\n \n qualified \n and\n HACCP certified. \n \n \n \n \n \n \n OptiPharm's flagship brand\n ,\n Optislim\n ,\n is the #1 Australian weight management brand incorporating shakes, soups \n and\n bars available as total (very low calorie diet) or partial (low calorie diet) meal replacements.\n \n Optislim is used by consumers throughout Australia, New Zealand, China, shortly the Middle East \n and the\n UAE, and is poised for release throughout South East Asia, North America and Europe.\n \n Their company owned trademarked brands include:\n \n \n · \n Optislim™ - (weight management meal replacements, including shakes, chocolate bars & soups) \n www.optislim.com.au\n \n \n · \n isustain™ - (nutritional meal replacements for Adults, Children & Diabetics) \n www.isustain.net.au\n \n \n · \n OPTI GOLD™ - (infant formula) \n \n www.optigold.com.au\n \n \n \n \n \n \n Garry McDonald, Managing Director of OptiPharm, commented: \"We will shortly be releasing a new range of Optislim products...