Business
Extension of terms, territories and products
Extension of terms, territories and products.
About this update from Optibiotix Health Plc
[{"type":"text","content":"\n \n \n RNS Number : 1309T\n OptiBiotix Health PLC\n 16 July 2020\n \n \n \n OptiBiotix Health plc\n \n \n (\n \n \"OptiBiotix\" or the \"Company\")\n \n \n Extension of terms, territories and products with CTC Holding BV\n \n \n Probiotix Health Ltd expands agreement\n \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 that its fully-owned subsidiary ProBiotix Health Ltd (\"ProBiotix\"), has extended the terms, territories, and products from its distribution agreement (RNS: 9 December 2019) with CTC Holding BV (\"CTC\") known as the CTC Group (http://www.ctc-group.com/) for the sale of CholBiomeX3. \n \n \n \n \n The new agreement:-\n \n \n \n · Extends the product range from the distribution of CholBiomeX3 to include LPLDL®, as bulk ingredient and three additional products: CholBiome, CholBiomeBP and CholBiomeVH\n \n \n · Extends the number of territories from the Philippines to include non-exclusive distribution rights for Vietnam, Indonesia, Colombia, the Dominican Republic and Guatemala\n The agreement is for an initial period of 24 months and has minimum order quantities for each product and country with a three year business plan and forecast to allow production planning.\n \n CTC is the global business network group of the Koen Visser Corporation with its head office located in Amsterdam, The Netherlands. CTC is a global life science partner-provider of innovative product solutions for food, beverage, personal care products and health & wellness.\n \n This agreement recognises and rewards the success of CTC Far East Philippines, Inc. in its launch and distribution of CholBiome®x3 in the Philippines. This is another important step, in this case with an existing partner, in building the LPLDL® brand in more territories around the world. Brand recognition builds customer loyalty and enhances product value, as illustrated by Christians Hansens acquisition of Valio's LGG® brand. See link here: https://www.chr-hansen.com/en/media/2016/9/to-further-strengthen-its-probiotics-offering-chr-hansen-acquires-lgg-the-worlds-best-documente\n \n \n \n \n Mikkel Hvid-H...