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Share Price Information for OptiBiotix Health (OPTI)

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Share Price: 18.00
Bid: 17.50
Ask: 18.50
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OptiBiotix to launch SlimBiome Medical in UK market this month

Wed, 24th Apr 2019 11:28

(Sharecast News) - Life sciences business OptiBiotix Health announced the launch of its weight management product 'SlimBiome Medical' to the UK market on Wednesday.The AIM-traded firm said SlimBiome Medical, which is a CE-marked medical device, offered a "healthy, hunger-free" weight management solution designed for use by itself, or as part of a calorie-restricted diet, to reduce hunger and help users achieve sustainable weight loss.Independent clinical studies showed SlimBiome reduced hunger, cravings for sweet and savoury foods, and fat intake.It would be available in boxes of 30 single dose sachets, and for purchase from the company's online store, from 29 April.The board said the commercial launch followed its announcement that SlimBiome was granted medical device status and a CE-mark in November, as well as the appointment of Nutrilinea as a manufacturer in the same month, and three-year distribution agreements for Greece and Cyprus in December and Bulgaria in April.OptiBiotix also reported pre launch sales of SlimBiome Medical to Bridge4 Health - a "unique" health and wellbeing centre based in Leicester.Bridge4 Health would conduct a three-month SlimBiome Medical field trial involving its gym members to support healthy sustained weight loss.The early deals and sales orders so soon after achieving medical device registration reflected the "high level" of interest received in the product from an industry which recognised the value of products with "strong science" and published human studies, the board explained.It added that the online sale of SlimBiome Medical as a final product was another example of OptiBiotix's strategy of building multiple revenue streams from ingredient sales, white label and own label branded consumer products, across multiple sales channels.The channel would provide a new route to market for SlimBiome, allowing the firm to generate immediate revenues while building sales with international and retail partners from SlimBome as an ingredient, medical device, and in white label or branded 'GoFigure' final products.OptiBiotix said it anticipated further commercial agreements for SlimBiome, SlimBiome Medical, and GoFigure products in international markets in the months ahead."SlimBiome Medical is a innovative product transforming the way weight loss is traditionally approached as it delivers a sustainable, science-backed weight control system which offers dieters additional support to sustain and/or maintain weight loss," said managing director of the OptiBiotix prebiotics division Fred Narbel."We are delighted to be able to bring this product to the UK market through our online store which allows us to build early revenues at high margin through direct to consumer sales."
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22 Sep 2020 10:05

OptiBiotix enters new licensing deal with HiLife Vitamins

(Sharecast News) - Life sciences company OptiBiotix Health has entered into a non-exclusive license agreement for 'SlimBiome Medical' with HiLife Vitamins & Herbs, it announced on Tuesday.

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17 Sep 2020 17:05

IN BRIEF: OptiBiotix Signs Distribution Deal For LPLDL In Brazil

IN BRIEF: OptiBiotix Signs Distribution Deal For LPLDL In Brazil

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17 Sep 2020 08:57

OptiBiotix Health strikes deal with Ayalla in Brazil

(Sharecast News) - Life sciences company OptiBiotix Health announced on Thursday that its wholly-owned subsidiary ProBiotix Health has entered into an exclusive distribution agreement with Ayalla Marketing, for the distribution of its cholesterol reducing probiotic 'LPLDL' as an ingredient and as four finished products within the 'CholBiome' portfolio, for Brazil.

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15 Sep 2020 22:08

UK TRADING UPDATE SUMMARY: Mortgage Advice Bureau Launches Later Life

UK TRADING UPDATE SUMMARY: Mortgage Advice Bureau Launches Later Life

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15 Sep 2020 08:49

OptiBiotix signs manufacturing deal with unnamed US firm

(Sharecast News) - Life sciences company OptiBiotix Health has entered into an agreement with an unnamed US company, it announced on Tuesday, for the large-scale manufacture and commercialisation of a number of 'SweetBiotix' products.

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11 Aug 2020 12:36

UK TRADING UPDATE SUMMARY: Codemasters On Up As Finds Right Formula

UK TRADING UPDATE SUMMARY: Codemasters On Up As Finds Right Formula

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5 Aug 2020 19:16

UK TRADING UPDATE SUMMARY: Regional REIT Valuation Dips In First Half

UK TRADING UPDATE SUMMARY: Regional REIT Valuation Dips In First Half

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5 Aug 2020 15:42

OptiBiotix Health extends terms of licence agreement with OptiPharm

(Sharecast News) - Life sciences company OptiBiotix Health has extended the terms of its original exclusive licence agreement for 'OptiBiome' with OptiPharm, it said on Wednesday, which was initially announced on 31 March.

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23 Jul 2020 18:02

UK TRADING UPDATE SUMMARY: Gear4music Strikes Right Note As Sales Jump

UK TRADING UPDATE SUMMARY: Gear4music Strikes Right Note As Sales Jump

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20 Jul 2020 15:30

IN BRIEF: OptiBiotix Reports Sales Surge From Weight Loss Products

IN BRIEF: OptiBiotix Reports Sales Surge From Weight Loss Products

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20 Jul 2020 09:25

OptiBiotix sees serious surge in sales in first half

(Sharecast News) - OptiBiotix Health said on Monday that invoiced sales of its 'LPLDL' and 'SlimBiome' products as ingredients or final products totalled £0.74m in the first half of its financial year, representing a 398% year-on-year increase.

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16 Jul 2020 13:57

UK TRADING UPDATE SUMMARY: LoopUp Set To Beat Expectations For 2020

UK TRADING UPDATE SUMMARY: LoopUp Set To Beat Expectations For 2020

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14 Jul 2020 20:12

IN BRIEF: OptiBiotix Extends Terms To Include WellBiome In Germany

IN BRIEF: OptiBiotix Extends Terms To Include WellBiome In Germany

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6 Jul 2020 16:56

IN BRIEF: OptiBiotix Expands WellBiome Distribution Pact

IN BRIEF: OptiBiotix Expands WellBiome Distribution Pact

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2 Jul 2020 16:15

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

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