Business
Non-exclusive agreement with Smart For Life
Non-exclusive agreement with Smart For Life.
About this update from Optibiotix Health Plc
[{"type":"text","content":"\n \n \n RNS Number : 7380L\n OptiBiotix Health PLC\n 04 May 2020\n \n \n \n OptiBiotix Health plc\n \n \n (\n \n \"OptiBiotix\" or the \"Company\")\n \n \n Non-exclusive license agreement with Smart For Life, Inc. \n Launch of SlimBiome® containing products in the USA and Canada\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 the Company has entered into a non-exclusive license agreement for its SlimBiome® trademark with Smart For Life, Inc. (\"Smart For Life\") and related launch of cookies containing OptiBiotix's SlimBiome® proprietary weight management technology in the USA and Canada. The license is contingent on an annual minimum order quantity and the first order within thirty days of signing the agreement.\n \n \n \n \n Smart For Life (\n https://www.smartforlife.com\n ) is a US-based company that was founded in 2002 by Dr. Sasson Moulavi, a bariatric doctor. Smart For Life develops and sells scientifically formulated weight management solutions that balance fibre, protein and complex carbohydrates to help naturally suppress appetite and works with natural ingredients which are scientifically backed.\n \n \n \n \n \n This is another commercial strategic step by OptiBiotix to facilitate customer access to its award-winning SlimBiome® technology as the Smart For Life cookies are available online; at Walmart in the USA and soon at Costco in Canada. \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 \"We are very pleased to have signed an agreement with Smart For Life to use our award-winning weight management technology and related trademark to market and commercialise products containing SlimBiome\n \n ® in the USA and Canada. Smart For Life are an ideal partner because they understand the science behind SlimBiome® and are able to explain the value proposition clearly to their customers and distributors. Moreover, this commercial launch builds on the manufacturing agreement signed with Agropur to produce SlimBiome® in North America (RNS: 24 June 2019) as it provides Smart For Life with a local source ...