Business
GoFigure® and SlimBiome® commercial updates
GoFigure® and SlimBiome® commercial updates.
About this update from Optibiotix Health Plc
[{"type":"text","content":"\n \nRNS Number : 8909V OptiBiotix Health PLC 06 December 2019 \n\nOptiBiotix Health plc\n(\"OptiBiotix\" or the \"Company\")\n \nGoFigure® and SlimBiome® commercial updates\n \nOptiBiotix Health plc (AIM: OPTI), a life sciences business developing compounds to tackle obesity, high\ncholesterol, diabetes and skincare, announces it has entered into three new exclusive distribution agreements which seek to extend the global reach of its SlimBiome® and GoFigure® products:-\n \n1. Extensor: Extensor is OptiBiotix's exclusive partner in Poland for distributing its GoFigure® product range (RNS: 22 May 2019). OptiBiotix has signed a further agreement which grants Extensor exclusive rights to distribute SlimBiome® in Poland for a period of 12 months with continued exclusivity subject to performance review. The agreement recognises the successful launch of GoFigure products containing SlimBiome into the Polish market http://www.gofigure.pl/ and allows Extensor to extend the use of SlimBiome® into its own range and partner products. \n \n2. Epic Ingredients: The Company has signed an exclusive distribution agreement with Epic Ingredients Sdn Bhd (\"Epic Ingredients\") to distribute SlimBiome® in Malaysia and Singapore. Exclusivity is subject to minimum order quantities and a requirement to place a first order within 4 months of signing the agreement. Epic Ingredients was incorporated in 1998 as a pharmaceutical service company with its registered office in Malaysia. Their focus is on the distribution of active pharmaceutical ingredients (APIs), excipients and nutraceutical raw materials providing complete distribution and warehousing facilities\n \n3. Supplemed Solution Sdn Bhd: The Company has signed an exclusive distribution agreement with Supplemed Solution Sdn Bhd (\"Supplemed\"), a subsidiary of Epic Ingredients, to distribute OptiBiotix's own label GoFigure® consumer weight management products in Malaysia and Singapore. Exclusivity is subject to minimum order quantities and a requirement to place a first order within 4 months of signing the agreement. Supplemed is a subsidiary of Epic Ingredients which focuses on the import and distribution of nutraceut...