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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Optibiotix Health Plc | LSE:OPTI | London | Ordinary Share | GB00BP0RTP38 | ORD 2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 17.75 | 17.50 | 18.00 | 17.75 | 17.75 | 17.75 | 47,325 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Noncomml Resh Organizations | 457k | 2.59M | 0.0284 | 6.25 | 16.19M |
TIDMOPTI
RNS Number : 7896Y
OptiBiotix Health PLC
08 March 2017
OptiBiotix Health plc
("OptiBiotix" or the "Company")
European manufacturing, supply and profit sharing agreement
OptiBiotix Health plc (AIM: OPTI), a life sciences business developing compounds to tackle obesity, high cholesterol,
diabetes and skin care, announces that it has entered into a manufacturing and supply agreement with Sacco S.r.l., ("Sacco"). The agreement grants Sacco an exclusive licence to manufacture and supply OptiBiotix's cholesterol reducing strain, LP(LDL) (R), in Europe in return for 50% of the profit with a minimum price per kilogramme to secure against discounting.
Sacco, founded in 1934, is one of Europe's leading probiotic manufacturers and supplies raw ingredients, including some of the world's best selling probiotic strains, to over 2,500 businesses across Europe. Under the terms of the agreement, Sacco will promote and expand the supply of LP(LDL) (R) throughout Europe on the maximum possible scale bringing it to the attention of as many buyers as possible.
LP(LDL) (R) will be supplied by Sacco as a raw ingredient to food, beverage, consumer healthcare and pharmaceutical partners to be incorporated into a wide range of final formulations and presentations. These will be subject to separate license agreements creating the opportunity for multiple revenue streams at different points in the value chain arising from:-
-- Profit share of the sale of the strain as an ingredient by Sacco
-- Royalties from the sale of higher value white label formulations, and branded products from consumer healthcare and pharmaceutical partners
This agreement is the first step in a business to business (B2B) strategy of bringing OptiBiotix's science together with partner's brand portfolio and market reach to serve consumer healthcare and pharmaceutical markets around the world.
Stephen O'Hara, CEO of OptiBiotix, commented: "We are pleased to announce the signing of a manufacturing, supply, and profit sharing agreement with Sacco, one of Europe's leading suppliers of probiotics ingredients. We chose Sacco due to their industry reputation, extensive European network and track record in building sales for what have become some of the world's best selling probiotic strains. We believe that OptiBiotix's strong supporting science, and growing industry awareness of our LP(LDL) (R) cholesterol and blood pressure reducing strain, has created a high level of interest in using LP(LDL) (R) as a functional component in a wide range of consumer healthcare and pharmaceutical products. We believe working with Sacco, and similar partners around the world, provide the best opportunity of building LP(LDL) (R) into a global brand. Discussions are progressing with corporate partners for the manufacture and supply of products containing LP(LDL) (R) in the US, Asian and other international markets."
OptiBiotix Health plc www.optibiotix.com Stephen O'Hara, Chief Executive Contact via Walbrook below Cairn Financial Advisers LLP (NOMAD) Tel: 020 7213 0883 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
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
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March 08, 2017 02:00 ET (07:00 GMT)
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