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OptiBiotix and Venture Life to enter a Strategic Development and Commercial Alliance
09 June 2015
OptiBiotix 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.
The 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:
- 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;
- 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
- The marketing and commercialisation of the developed products by Venture Life through its network of international distribution partners.
The 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.
Stephen 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.
Recent advances in OptiBiotix's technology platforms have broadened the range of product opportunities. We believe Venture Life's capabilities in formulating, manufacturing and distributing OTC products through its network of international distributors creates potential to bring new products to new markets earlier than anticipated. We are delighted to be working with Venture Life to exploit the potential of OptiBiotix's technology platforms to develop food supplements and OTC products."
Jerry Randall, Chief Executive Officer of Venture Life, said: "OptiBiotix operates in a very exciting and progressive area that has the potential to bring real health benefits. It has exciting product research programmes which we believe can be commercialised successfully through our Venture Life's manufacturing, registration and international distribution capability.
"This is a strongly symbiotic relationship, with complementary expertise and resources that will enable these cutting edge products to be brought to the global market through the pharmacy channel. We are very excited by this development, and look forward to developing this relationship and to harnessing our complementary strengths across a wide spectrum of market leading products."
For further information, please contact:
|OptiBiotix Health Plc
Stephen O'Hara, Chief Executive
Contact via Walbrook below
|Cairn Financial Advisers LLP
Liam Murray / Avi Robinson
|Tel: 020 7148 7900|
Claire Louise Noyce
|Tel: 020 3713 4581|
|Peterhouse Corporate Finance Ltd
Lucy Williams / Duncan Vasey
|Tel: 020 7469 0936|
|Walbrook PR Ltd
|Tel: 020 7933 8780 or [email protected]
Mob: 07876 741 001
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® and OptiBiotic® 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.
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