Probiotix Health PLC Distribution agreement (7459H)

TIDMPBX

RNS Number : 7459H

Probiotix Health PLC

01 August 2023

ProBiotix Health plc

( "ProBiotix" or the "Company")

Distribution agreement

Distribution of finished turnkey products in Australia and New Zealand

ProBiotix Health p lc (AQSE: PBX), a life sciences busi ness d eveloping probiotics to tackle lifestyle conditions such as cardiovascular disease, announces that the Company has signed an exclusive distribution agreement with Trans Chem to cover the Australian and New Zealand probiotics market.

Trans Chem is one of Australia's leading independent suppliers of innovative products and quality raw ingredients for the pharmaceutical, nutraceutical, food and beverage,veterinary and animal nutrition industries. Trans Chem's operations extend across both Australia and New Zealand. Trans Chem's customers include all the major leading pharma and nutraceutical brand owners in the region and the numerous contract manufacturers who service and support these players. They also have a strong emerging international food and beverage business. The Directors believe that Trans Chem is a strong and creditable company, winning 'Prestigious Quality Material Supplier of the Year' awarded by the Complementary Medicines Australia (CMA) in 2016, 2019 and in 2021.

Steen Andersen, CEO of ProBiotix Health plc commented: "We are delighted to have signed this agreement with Trans Chem, which will further enhance our global reach. Although our primary strategic focus is on developing the European and North American markets, we believe that there is a significant business potential in Australia & New Zealand. Both countries have a high concentration of dietary supplement companies acting as a gateway into servicing mainland China and the Southeast Asian region, which we can now capitalise on.

"Trans Chem is a leading distributor in the region and will be responsible for selling our finished turn-key product solutions based on LP(LDL) (R) into the leading brands in the regions. The finished turn-key product solutions will be manufactured through local Australian and New Zealand contract manufacturing organisations (CMO's), controlled by ProBiotix Health in cooperation with Trans Chem."

For further information, please contact:

 
 ProBiotix Health plc                             https://probiotixhealth-ir.com/ 
 Steen Andersen, Chief Executive                             Contact via Walbrook 
                                                                            below 
 
 Peterhouse Capital Ltd (AQSE Corporate Adviser                Tel: [phone] 
  and Broker) 
 Mark Anwyl 
 Duncan Vasey 
 
 Walbrook PR Ltd                                         [e-mail] 
 Anna Dunphy                                                   Mob: [phone] 
 

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August 01, 2023 02:00 ET (06:00 GMT)