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Pin to quick picksOptiBiotix Health Share News (OPTI)

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OptiBiotix partner gets approval to make SlimBiome in India

Thu, 11th Apr 2019 11:16

(Sharecast News) - OptiBiotix Health announced on Thursday that it has received a licence from the Food Standards and Safety Authority India (FSSAI) for its weight management product 'SlimBiome' to be manufactured in the country.The AIM-traded firm said the approval was gained by its manufacturing partner Zeon Life Sciences for both SlimBiome itself, and SlimBiome-containing products.It said FSSAI licence approval involved both ingredient and quality verification to ensure the product and manufacturing process was of a high standard, and was an essential regulatory requirement to manufacture and distribute food products in India.The licence approval would allow Zeon to fulfil orders arising from OptiBiotix's recent visit to India for SlimBiome and SlimBiome-containing products in its own manufacturing site. Its board described it as a "strategic step" to add manufacturing in Asia to the supply chain, and extend the market opportunity for its patented weight management product into the Indian market with an established partner.Zeon boasted a number of large Indian and international healthcare companies such as Danone, GNC, Decathlon, Sun Pharma and Herbalife among its customers, and was awarded 'Nutraceutical Manufacturing Company of the Year' in 2017 by the Associated Chambers of Commerce and Industry of India."We are really pleased that Zeon has received FSSAI approval to manufacture SlimBiome in India," said OptiBiotix chief executive officer Stephen O'Hara."This allows them to fulfil partner orders and meet the needs of other partners interested in selling SlimBiome and SlimBiome-containing products in India."We have been really impressed with the professionalism of Zeon and the speed at which they are creating interest and orders for our products in India."O'Hara said achieving FSSAI approval rapidly was a significant achievement, describing it as an important step in completing the supply chain to meet the needs of existing and new corporate partners in India and southern Asia."This agreement is another step in a strategy designed to build multiple revenue streams from ingredient sales, and white label and own label branded consumer and pharmaceutical products across multiple channels with industry partners from around the world."
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25 Mar 2024 17:08

OptiBiotix Health raises GBP1.4 million to invest in "driving sales"

(Alliance News) - OptiBiotix Health PLC on Monday said it has raised GBP1.4 million through a placing and subscription of shares.

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13 Mar 2024 20:49

EARNINGS AND TRADING: PensionBee nears profit; OptiBiotix Indian deal

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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13 Mar 2024 14:28

OptiBiotix signs partnership with India's Dr Morepen

(Sharecast News) - Life science company OptiBiotix Health announced the signing of a partnership agreement with Dr Morepen on Wednesday, for the distribution of SlimBiome products in India under the Dr Morepen brand.

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27 Feb 2024 12:57

OptiBiotix products return to sales growth as pipeline strong

(Alliance News) - OptiBiotix Health PLC shares rose on Tuesday as the firm celebrated a "gradual return to strong sales growth".

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30 Jan 2024 13:35

IN BRIEF: OptiBiotix in discussions for launch of SweetBiotix

OptiBiotix Health PLC - York, England-based life sciences company - Hails "significant progress" in SweetBiotix commercial scale production. Says it is currently in discussions with commercial partners to launch SweetBiotix products. SweetBiotix is a low calorie alternative to sugar. Chief Executive Officer Stephen O'Hara says: "Consumer concerns over sugar and the safety of several sugar substitutes have materialised into companies reformulating existing and/or launching new products containing natural, safe, and healthy alternatives. The company believes its sweet, high fibre, low calorie, prebiotic fibre SweetBiotix products are ideally positioned to launch at a time when many companies are actively looking for a natural alternative to meet this need."

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15 Jan 2024 11:34

OptiBiotix to launch LeanBiome with Muscletech

(Sharecast News) - OptiBiotix Health announced the upcoming launch of LeanBiome in partnership with prominent sports nutrition brand Muscletech on Monday.

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15 Jan 2024 10:40

OptiBiotix's LeanBiome to be launched under MuscleTech

(Alliance News) - OptiBiotix Health PLC on Monday announced the launch of LeanBiome in sports nutrition brand, MuscleTech.

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4 Dec 2023 12:23

IN BRIEF: OptiBiotix names Croda's Graham Myers as finance director

OptiBiotix Health PLC - York, England-based life sciences company - Appoints Graham Myers as finance director, effective as of December 1, 2023. Says that Myers' appointment to this part-time role will see him work closely with the OptiBiotix team to support its focus on "driving each business unit and the group to profitability". Myers is currently chair of Croda Pension Trustees Ltd, the sole trustee of Croda International PLC's GBP800 million UK pension scheme.

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28 Nov 2023 14:57

TRADING UPDATES: Scancell trial progresses; OptiBiotix inks new deal

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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22 Nov 2023 14:15

EARNINGS AND TRADING: Victorian Plumbing profit up; Duke revenue dips

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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1 Nov 2023 12:58

OptiBiotix makes strong progress in e-commerce shift

(Sharecast News) - OptiBiotix Health reported significant progress in its commercial endeavours in an update on Wednesday, as it looked to attain profitability at the business unit level, ultimately leading to overall profitability.

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1 Nov 2023 11:55

OptiBiotix says market still "volatile" but partner sales improving

(Alliance News) - OptiBiotix Health PLC on Wednesday said sales from existing partners have improved in recent months, and that its move to focus on US and Asian markets is progressing well.

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23 Oct 2023 10:17

OptiBiotix adds Tata Chemicals ingredient to obesity product in India

(Alliance News) - OptiBiotix Health PLC on Monday said it agreed a licence deal with Tata Chemicals Ltd to incorporate Tata's short-chain fructo-oligosaccharide Fossence into OptiBiotix's SlimBiome and LeanBiome products for the Indian market.

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23 Oct 2023 08:16

OptiBiotix inks ingredient deal with Tata Chemicals

(Sharecast News) - Life sciences developer OptiBiotix Health announced a significant agreement with Tata Chemicals on Monday, that would see its proprietary 'Fossence' product incorporated into their 'SlimBiome' and 'LeanBiome' product lines, specifically tailored for the Indian market.

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27 Sep 2023 13:10

EARNINGS: Safestyle suffers amid "difficult" trading conditions

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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