Result of AGM
RNS & Investor News
Online distribution agreement for SlimBiome® Medical
18 July 2019
OptiBiotix Health plc (AIM: OPTI), a life sciences business developing compounds to tackle obesity, cardiovascular disease and diabetes, announces it has signed an agreement with BioEnergiser Ltd. ("BioEnergiser") for the online distribution of SlimBiomereg; Medical in the UK. SlimBiomereg; Medical is a CE marked medical device which independent clinical studies show reduces hunger, cravings for sweet and savoury foods, and fat intake. These functionalities help people who consume SlimBiomereg; Medical to modify the type and amount of food they eat, helping them to moderate their calorie intake and achieve sustainable weight loss.
The agreement grants BioEnergiser rights to distribute SlimBiomereg; Medical online within the UK whilst allowing OptiBiotix to continue to sell the product on its online store (Optibiotix.online). This agreement provides market exclusivity linked to minimum sales orders to be agreed after a review of sales, pricing, and future forecasts, six months after signing this agreement.
Founded in 1985, BioEnergiser is an established UK sales and marketing company specialising in consumer goods supplying retail, mail order, direct to TV and home shopping channels. BioEnergiser bring expertise in direct to consumer sales and marketing through mainstream digital and satellite TV and radio commercials, and advertising in national newspapers and magazines. They have a track record of rapidly growing online sales with a recent product launch approaching £1.6m sales within the first year. Whilst there is no guarantee sales performance with other products can be replicated with SlimBiomereg; Medical we believe this demonstrates BioEnergisers experience in quickly building online sales in the healthcare market. BioEnergiser's commitment to consumer marketing is evidenced by their spend across their product range in print media alone of £5.1m in 2018.
This agreement is a strategic step to take OptiBiotix's own label product (SlimBiomereg; Medical) direct to the UK consumer to enhance their online consumer health presence. This strategy helps build brand awareness, complementing any potential launch of products with major retailers, and creates demand for its functional ingredients (SlimBiomereg; and LPLDLreg;) in a wide range of products across the world.
Dr. Fred Narbel, Managing Director of OptiBiotix's prebiotics division commented: "We are pleased to announce this deal with BioEnergiser to distribute SlimBiomereg; Medical online in the UK. This is a significant and exciting step in accelerating the growth of OptiBiotix consumer health division. BioEnergiser's expertise in direct to consumer online sales and marketing will help build brand and consumer awareness of SlimBiomereg; Medical through TV and national newspaper advertising, complementing any potential future retail launch. The deal brings further value by providing us with economies of scale and will support revenue growth and profitability of OptiBiotix's prebiotics division going forward."
Steve Simmonds, Managing Director of BioEnergiser commented: "We are pleased to be working with OptiBiotix Health. The partnership brings together OptiBiotix's award winning CE marked SlimBiomereg; Medical with its IP portfolio and consumer and clinical studies, with BioEnergiser's sales and marketing expertise. We believe this to be a great fit and hope to be able to replicate the rapid sales growth we have seen with a number of recent product launches with SlimBiomereg; Medical."
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 / Ludovico Lazzaretti|
|finnCap (Broker)||Tel: 020 7220 0500|
|Geoff Nash / Kate Bannatyne (Corporate Finance)
Camille Gochez (Corporate Broking)
|goetzpartners securities Limited||Tel: 020 3897 6663|
|Brigitte de Lima|
|Walbrook PR Ltd
|Tel: 020 7933 8780 or [email protected]
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.
OptiBiotix Health secures significant exclusive licence agreement for OptiBiome
Stephen O'Hara | 01 Apr 2020