Business
Extension of terms for WellBiome
Extension of terms for WellBiome.
About this update from Optibiotix Health Plc
[{"type":"text","content":"\n \n \n RNS Number : 8651S\n OptiBiotix Health PLC\n 14 July 2020\n \n \n \n OptiBiotix Health plc\n \n \n (\n \n \"OptiBiotix\" or the \"Company\")\n \n \n Extension of terms for WellBiome® with Draco Ingredients GmbH\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 distribution agreement with Draco Ingredients GmbH (\"Draco\") as announced on 19 December 2019.\n \n The agreement extends the product range from the distribution of SlimBiome® to include WellBiome®. The territory remain unchanged with distribution rights in Germany.\n \n 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. \n \n \n \n Andre Wittke, General Manager at Draco, commented: \n \n \n \"The introduction of \n \n WellBiome® gives us the opportunity to extend our product portfolio of functional ingredients with scientifically proven benefits and increase the commercial opportunity. There is growing awareness of the link between gut health and general wellbeing in Germany and WellBiome® creates a 'ready for market' opportunity\n to access this growing health and wellbeing trend.\n \n \" \n \n \n \n \n \n Dr. Fred Narbel,\n \n \n \n \n \n Managing Director of OptiBiotix's prebiotics division\n \n , commented: \n \n \"\n \n \n We are pleased to announce the extension of terms for Draco\n \n \n .\n \n This agreement recognises Draco's success in building brand awareness for OptiBiotix's SlimBiome® trademark in Germany with the launch of the\n www.slimbiome.de\n website and early commercial success. The agreement extends terms to expand the commercial opportunity in the territory and ...