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OPTI.GB Optibiotix Health Plc

21.00
-0.50 (-2.33%)
28 Mar 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Optibiotix Health Plc AQSE:OPTI.GB Aquis Stock Exchange Ordinary Share GB00BP0RTP38
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -2.33% 21.00 20.00 22.00 21.50 20.47 21.50 81,244 16:29:58
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

OptiBiotix Health PLC Appointment of a Chairman for SkinBiotix (6849L)

05/10/2016 7:00am

UK Regulatory


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RNS Number : 6849L

OptiBiotix Health PLC

05 October 2016

OptiBiotix Health plc

("OptiBiotix" or the "Company")

Appointment of Chairman and Director for SkinBiotix Limited

OptiBiotix Health plc (AIM:OPTI), a life sciences business developing compounds to tackle obesity, high cholesterol, diabetes and skin care, announces the appointment of Martin Hunt as Chairman and Director of its majority owned subsidiary SkinBiotix Limited ("SkinBiotix").

SkinBiotix is dedicated to the development of skin biotherapeutics using natural components of the skin microbiome to manage and protect against skin health problems. SkinBiotix uses patented technology to address health issues in the Cosmetic Skin Care ($121bn); Acquired Skin Infections ($82bn); Dermatology ($10.2bn); and Wound Care ($18bn) markets.

Martin brings a wealth of experience and a track record of success in leadership and strategic roles within the life sciences sector, spanning large multi-nationals, AIM listed plc's, early stage ventures and public sector roles. His experience at MDY Healthcare Limited, Videregen Limited, Oxford Medical Diagnostics Limited and his roles at the National Institute for Health Research give him that broad range of understanding of the wide ranging commercial and therapeutic area which SkinBiotix will be working in.

Martin's appointment brings experience and dedicated leadership to SkinBiotix to help build a team to fully exploit opportunities in the skin microbiome space. This includes plans for Optibiotix to demerge its SkinBiotix division and seek an Initial Public Offering. This is in line with OptiBiotix's strategy announced in July of this year. In that announcement OptiBiotix outlined its belief that the diversity of IP and commercial relationships across its four divisions offered shareholders multiple opportunities where future value to shareholders may be best realised by spinning out domain specific opportunities.

Stephen O'Hara, CEO of OptiBiotix, commented: "Martin brings a proven record across life sciences as a CEO and Chairman and we are delighted that he has joined SkinBiotix at this exciting stage of its development. OptiBiotix believes the scale of the opportunities offered by SkinBiotix's intellectual property in the skin biotherapeutic space means that this can best be achieved by a separate leadership and listing. This will provide the domain specific expertise and resources to ensure the opportunities provided by this exciting technology can be fully realised."

For further information, please contact:

 
 OptiBiotix Health plc                                           www.optibiotix.com 
 Stephen O'Hara, Chief Executive                                        Contact via 
                                                                     Walbrook below 
 
 Cairn Financial Advisers LLP                                         Tel: 020 7148 
                                                                               7900 
 Liam Murray 
 
 finnCap Broker                                                       Tel: 020 7220 
                                                                               0500 
 Adrian Hargrave / Scott Mathieson 
  / Kate Bannatyne (Corporate Finance) 
 Tony Quirke (Corporate Broking) 
 
 Walbrook PR Ltd                                       Tel: 020 7933 8780 or 
                                                        optibiotix@walbrookpr.com 
 Anna Dunphy                                                         Mob: 07876 741 
                                                                                001 
 Mike Wort                                                           Mob: 07900 608 
                                                                                002 
 
 

About OptiBiotix - www.optibiotix.com

OptiBiotix was formed in March 2012 to develop compounds which modify the human microbiome - the collective genome of the microbes in the body - to prevent and manage human disease.

The aim of OptiBiotix is to discover and develop microbial strains, compounds and formulations, which modulate the human microbiome and can be used as food ingredients and supplements or active compounds for the prevention and management of human metabolic diseases, examples of which include obesity, cholesterol and lipid distribution and diabetes.

OptiBiotix has established a pipeline of microbiome modulators that can impact on lipid and cholesterol management, energy harvest and appetite suppression. The development pipeline is fuelled by its proprietary OptiScreen(R) and OptiBiotic(R) platform technologies designed to identify metabolic pathways and compounds that impact on human physiology and bring potential health benefits. These platforms are applicable across a wider range of other human diseases.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCZMMGGKDGGVZM

(END) Dow Jones Newswires

October 05, 2016 02:00 ET (06:00 GMT)

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