Business
Extension of terms for WellBiome with Agropur
Extension of terms for WellBiome with Agropur.
About this update from Optibiotix Health Plc
[{"type":"text","content":"\n \n \n RNS Number : 8032T\n OptiBiotix Health PLC\n 23 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 Agropur MSI, LLC\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 manufacturing, supply and profit sharing agreement with Agropur MSI, LLC (\"Agropur\") as announced on 24 June 2019.\n \n The agreement builds on the commercial launch of SlimBiome® to the North Amercian market as announced on 31 January 2020 and first deliveries to customers in the territory as announced on 4 May 2020. It extends the product range from the manufacturing and distribution of SlimBiome® to include WellBiome®. The territories remain unchanged with manufacturing and distribution rights in the USA, Canada and Mexico.\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 Mike Homewood, Vice-President of Customs Solutions at Agropur, commented:\n \n \n \n \"We are happy to have OptiBiotix once again show their confidence in Agropur to manufacture and market another impressive and innovative gut health product to health and wellness brands across North America.\"\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 Agropur\n \n \n .\n \n This agreement recognises Agropur's success in building sales of SlimBiome® with first deliveries in the territory in Q2 2020 through Smart for Life, Inc. as announced on 4 May 2020. Th...