License and supply agreement with Genuine Health
RNS & Investor News
Distribution agreement for CholBiome®x3 in the Philippines
09 December 2019
OptiBiotix Health plc (AIM: OPTI), a life sciences business developing compounds to tackle obesity, cardiovascular disease and diabetes, announces that its fully-owned subsidiary ProBiotix Health Ltd. ("ProBiotix"), has signed an exclusive agreement with CTC Far East Philippines, Inc. ("CTC"), a subsidiary of the CTC Group, for the distribution of ProBiotix's proprietary formulation CholBiome®x3 in the Philippines.
Under the terms of the agreement, ProBiotix will supply CholBiome®x3, featuring its cholesterol and blood pressure-reducing probiotic strain Lactobacillus plantarum LPLDL®, to CTC for its distribution in the Philippines. Exclusivity is subject to minimum order quantities and a multiyear business plan in an attempt to improve security of income and revenue growth.
"CTC Group (CTC), is the global business network group of the Koen Visser Corporation. CTC is active in Europe, Africa, South and Central America, Caribbean and Asia with head office located in Amsterdam, The Netherlands. CTC Group is a global life science partner-provider of innovative product solutions for food, beverage, personal care products, and health and wellness."
The Philippines is a country with an expanding population of over 100 million and an emerging economy with annual GDP growth rates above 6% sustained over the last 5 years (World Bank). Cardiovascular disease is the leading cause of death in the country, with high blood pressure affecting almost 20% of its population (WHO).
Steve Prescott, CEO of ProBiotix, commented: "We are pleased to announce this agreement with CTC, which will expand ProBiotix's presence in the emerging Asia-Pacific region. CTC was chosen as our partner for CholBiome®x3 product introduction in the Philippines because of their extensive knowledge of the local market and consistent track record successfully launching new products."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information, please contact:
|OptiBiotix Health Plc
Stephen O'Hara, Chief Executive
Contact via Walbrook below
|Cairn Financial Advisers LLP (NOMAD)||Tel: 020 7213 0880|
|Liam Murray / Jo Turner|
|finnCap (Broker)||Tel: 020 7220 0500|
|Geoff Nash / Kate Bannatyne (Corporate Finance)
Camille Gochez (Corporate Broking)
|goetzpartners securities Limited||Tel: 0203 859 7725|
|Walbrook PR Ltd
|Mob: 07876 741 001|
About OptiBiotix - www.optibiotix.com
OptiBiotix Health plc (AIM: OPTI), which was formed in March 2012, brings science to the development of compounds which modify the human microbiome - the collective genome of the microbes in the body - in order to prevent and manage human disease and promote wellness.
OptiBiotix has an extensive R&D program working with leading academics in the development of microbial strains, compounds, and formulations which are used as active ingredients and supplements. More than twenty international food and healthcare supplement companies have signed agreements with OptiBiotix to incorporate their human microbiome modulators into a wide range of food products and drinks.
OptiBiotix is also developing its own range of consumer supplements and health products. The Company's current areas of focus include obesity, cardiovascular health, and diabetes.
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