Distributor agreement for LPLDL®

RNS Number : 1803D

OptiBiotix Health PLC

17 February 2020

 

OptiBiotix Health plc

("OptiBiotix" or the "Company")

Appointment of Advanced NutriSolutions Inc./Select Ingredient as exclusive distributor for LP_LDL® in the United States and Canada

OptiBiotix Health plc (AIM: OPTI), a life sciences business developing compounds to tackle obesity, cardiovascular disease and diabetes, announces that its wholly-owned subsidiary ProBiotix Health Ltd. ("ProBiotix"), has signed a distributor agreement with Advanced NutriSolutions Inc./Select Ingredient for the exclusive sales of ProBiotix's patented probiotic strain LP_LDL® into the United States and Canada. Market exclusivity is linked to a six month time to first order and sales volumes

Under the terms of the agreement, Advanced NutriSolutions Inc./Select Ingredient will supply ProBiotix's cholesterol and blood pressure-reducing probiotic strain Lactobacillus plantarum LP_LDL®, under an exclusive licence, to customers in the United States and Canada for inclusion into dietary supplements formulation. 

Advanced NutriSolutions Inc./Select Ingredient was founded in 1994 by Dr. Bruce Howe. It supplies nutritional ingredients, contract manufacturing services, and finished products to the nutritional supplement industry. Advanced NutriSolutions Inc./Select Ingredient serves the United States and Canada from its facilities located in San Diego, California.

Steve Prescott, CEO of ProBiotix, commented: "We are pleased to announce this distributor agreement with Advanced NutriSolutions Inc./Select Ingredient, which will expand LP_LDL®'s reach and service level in the United States and Canada. Advanced NutriSolutions Inc./Select Ingredient was chosen as our partner in this important region because of their technical expertise in functional ingredients including probiotics, their industry reputation, and their manufacturing capabilities which allows them not only to sell LP_LDL® as an ingredient but to also create custom formulation and products for customers."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact:

OptiBiotix Health plc		www.optibiotix.com
Stephen O'Hara, Chief Executive		Contact via Walbrook below
Cairn Financial Advisers LLP (NOMAD)
Liam Murray / Jo Turner / Ludovico Lazzaretti		Tel: [phone]
finnCap (Broker)
Geoff Nash/ Kate Bannatyne (Corporate Finance) Camille Gochez (Corporate Broking)		Tel: [phone]
Goetz Partner Securities Limited Ulrich Kinzel Walbrook PR Ltd	Tel: [phone]
Anna Dunphy		Mob: [phone]

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.

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.

 

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