Business
Strategic Development and Commercial Alliance
Strategic Development and Commercial Alliance.
About this update from Optibiotix Health Plc
[{"type":"text","content":"\n \nRNS Number : 5622P OptiBiotix Health PLC 09 June 2015 \n \n\n \n \n \n \n9 June 2015\n \nOptiBiotix Health plc\n \nOptiBiotix and Venture Life to enter a Strategic Development and Commercial Alliance\n \nOptiBiotix Health plc (AIM: OPTI), a life sciences business developing compounds to tackle obesity, high cholesterol and diabetes announces that it has signed a letter of intent to enter a Strategic Development and Commercial Alliance (\"the Alliance\") with Venture Life (AIM: VLG), the international consumer products group addressing the self-care needs of the ageing population.\n \nThe Alliance brings together OptiBiotix's research and development expertise in developing microbiome modulators to improve health and Venture Life's formulation, manufacturing and international distribution capabilities. The Alliance will cover the following key activities:\n \n· The development by Venture Life of products from existing OptiBiotix intellectual property (microbiome actives or ingredients) in the form of registered food supplements or other over-the-counter (\"OTC\") products;\n· The development by OptiBiotix of new microbiome actives specific to disease areas agreed between the two parties, which would then be developed by Venture Life into products in the form of registered food supplements or other OTC products; and\n· The marketing and commercialisation of the developed products by Venture Life through its network of international distribution partners.\n \nThe two parties will enter a definitive legal agreement which sets out the commercial and financial terms of the Alliance. More information about the specific products will be provided in due course, but it is expected that the first products from the Alliance will be available to be marketed to distribution partners in 2016, subject to achieving timely product registration. \n \nStephen O'Hara, Chief Executive Officer of OptiBiotix, said: \"We are pleased to announce this Alliance with Venture Life and see a strong rationale for the businesses to work together based on the complementary nature of the infrastructure and the commonality of our target markets.\n \nRecent advances in OptiBiotix's technology platf...