Business
SlimBiome® distribution agreement for Germany
SlimBiome® distribution agreement for Germany.
About this update from Optibiotix Health Plc
[{"type":"text","content":"\n \nRNS Number : 3997X OptiBiotix Health PLC 19 December 2019 \n\nOptiBiotix Health plc\n(\"OptiBiotix\" or the \"Company\")\n \nSlimBiome® distribution agreement for Germany\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 an exclusive agreement with Draco Ingredients GmbH (\"Draco\") to distribute OptiBiotix's SlimBiome® proprietary weight management technology in Germany. Market exclusivity is linked to minimum order quantities in order to maximise the financial return for both parties. \n \nDraco Ingredients (www.draco-ingredients.de) is a German food ingredient company established in 2001 focusing on the distribution of mainly dairy based ingredients to a broad spectrum of customers active in segments such as dairy, sports and medical nutrition.\n \nThis agreement is another step in extending the geographical reach and sales of SlimBiome®. This is consistent with our strategy of increasing the number of geographies and applications SlimBiome® is used in as an ingredient. This builds revenue potential and brand recognition and reduces commercial risk.\n \nAndre Wittke, General Manager of Draco Ingredients, commented: \"We are delighted to have the opportunity of partnering with Optibiotix and look forward to building a presence for SlimBiome® in Germany by leveraging on the strengths of both organisations. We see SlimBiome's unique value proposition (patented solution backed by clinical and consumer studies and supported by EFSA-approved claims) as being a key driver of the sale of this functional ingredient to German customers in the near future.\"\n \nDr. Fred Narbel, Managing Director of OptiBiotix's prebiotics division, commented: \"We are pleased to announce this agreement with Draco Ingredients to service the German market. The timing of this agreement fits particularly well with our recent focus on creating the building-blocks necessary to accelerate and expand our reach to customers globally. This deal builds on the work done in 2019 to qualify multiple manufacturers of SlimBiome® in Europe and around the world (e.g Zeon: India, Agropur: USA) to de-risk our suppl...