Business
Partnership agreement with Morepen for SlimBiome
Partnership agreement with Morepen for SlimBiome.
About this update from Optibiotix Health Plc
[{"type":"text","content":"\n\nOptiBiotix Health plc\n(\"OptiBiotix\" or the \"Company\")\n \nPartnership agreement with Morepen for SlimBiome® containing finished products\n \nOptiBiotix Health plc (AIM: OPTI), a life sciences business developing compounds to tackle obesity, high cholesterol, diabetes and skincare, announces it has signed a partnership agreement with Dr Morepen Ltd (\"Morepen\") for the sale of SlimBiome® containing products in India under the Dr Morepen brand. Morepen is a 100% owned subsidiary of Morepen Laboratories Ltd (\"Morepen Laboratories\"), an Indian pharmaceutical company listed on the Indian Stock Exchange.\n \nMorepen Laboratories has more than 2,300 employees and sells over 800 products to over 82 countries. Morepen is a well-known and trusted brand in India, launched in 2001 to encourage customers to be in charge of their own health and wellbeing. Morepen has direct access to over 200,000 pharmacies across India and indirect access to another 300,000 pharmacies. Products will be sold online, in store, and direct to physicians across India.\n \nStephen O'Hara, CEO of OptiBiotix, commented: \"We are pleased to announce this agreement with Morepen, a well-known and trusted supplier to pharmacies, physicians, and retail customers across India. Morepen brings an extensive sales team with experience of highly differentiated scientific products and countrywide access to a network of around 500,000 pharmacies across India. Based on current forecasts, the Directors anticipate this agreement could contribute in the region of £6-7 million revenue per annum in the next four to five years.\"\n \nThe Directors of the Company are responsible for the release of this announcement.\n \nFor further information, please contact:\n \n\n\n\n\nOptiBiotix Health plc\n\n\nwww.optibiotix.com\n\n\n\n\nNeil Davidson, Chairman\n\n\nContact via Walbrook below\n\n\n\n\nStephen O'Hara, Chief Executive\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nCairn Financial Advisers LLP (NOMAD)\n\n\nTel: 020 7213 0880\n\n\n\n\nLiam Murray / Jo Turner / Ludovico Lazzaretti\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nPeterhouse Capital Limited (Broker)\n\n\nTel: 020 7220 9797\n\n\n\n\nDuncan Vasey / Lucy Williams\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nWalbrook PR Ltd\n\n\nMob: 07876 741 001\n\n\n\n\nAnna Dunphy\n\n\n\n\n\n\n\n\n\n\n\n\n \nAbout Op...