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Pin to quick picksOptiBiotix Health Regulatory News (OPTI)

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Launch of LeanBiome with global nutrition leader

1 Dec 2021 07:00

RNS Number : 1039U
OptiBiotix Health PLC
01 December 2021
 

OptiBiotix Health plc

("OptiBiotix" or the "Company")

 

Launch of LeanBiomeTM with global leader in beauty & nutrition brands

 

OptiBiotix Health plc (AIM: OPTI), announces the launch of a new sports nutrition product range branded LeanBiomeTM alongside a new supply & licensing agreement with a leading global player in beauty & nutrition ("the Partner"). This agreement grants the Partner a license to manufacture and sell finished products containing LeanBiomeTM across Europe, Australia and Asia.

 

OptiBiotix is a life sciences business developing patented science and human study-based compounds that modulate the microbiome to address metabolic syndrome and diabetes, systemic low-grade inflammation, obesity, cardiovascular disease, high cholesterol and supports healthy aging.

 

The Partner is a British e-commerce company which specialises in taking beauty and nutrition brands direct to consumer ("D2C") through its proprietary e-commerce platform across the globe. The Partner's technology, brand building expertise, and global infrastructure allows it to reach millions of customers around the world. They own the largest D2C sports nutrition brand globally.

 

LeanBiomeTM is a scientifically formulated sports nutrition ingredient which has been developed by OptiBiotix that supports athletes seeking to increase lean muscle mass to change their body composition. LeanBiomeTM contains a patented combination of fibres, prebiotics and minerals aimed specifically at supporting the microbiome diversity of athletes on a high protein diet. LeanBiomeTM adds unique differentiation to a new premium product line of the Partner and will get on-pack recognition. The new product line of the Partner is aimed at increasing lean muscle mass which is scheduled to be rolled out from January 2022 in Europe and Asia. If the product line is successful, it is expected to be introduced to the North American market in due course. The agreement is expected to generate approximately £1m in annualised and recurring turnover for the Company starting in 2022. First orders worth £200k have been placed and are on schedule for delivery in early December 2021.

 

There is growing scientific evidence of an anecdotal link between the microbiome and athletic performance (Do microbes affect athletic performance? (nature.com).

 

This agreement is part of OptiBiotix's strategy to offer pro- and prebiotic solutions aimed at modulating the microbiome that allow leading brands to differentiate their health & wellness products.

 

René Kamminga, CEO of OptiBiotix Limited, commented: "We are very pleased to announce this agreement with the Partner and its sports nutrition division. LeanBiomeTM has been specifically formulated with the needs of athletes in mind and builds on our core expertise in functional ingredients with effect on the microbiome to achieve health effects. The Partner is a formidable company to partner with and we are pleased that LeanBiomeª has been selected as the preferred source of differentiation for their new product line. This launch is another important step in building sales and brand presence for OptiBiotix' solutions with major partners around the world."

 

This announcement contains information which, prior to its disclosure, was considered inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

 

 

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)

Tel: 020 7213 0880

Liam Murray / Jo Turner / Ludovico Lazzaretti

 

 

 

Cenkos Securities plc (Broker)

Tel: 020 7397 8900

Callum Davidson / Neil McDonald

 

Michael Johnson / Russell Kerr (Sales)

 

 

 

Walbrook PR Ltd

Mob: 07876 741 001

Anna Dunphy

 

   

 

 

Caution regarding forward looking statements

 

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identiÞed 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 reßect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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AGRDBLFXFFLLFBZ
Date   Source Headline
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2nd Oct 20207:00 amRNSFDA Investigational New Drug authorisation
28th Sep 20207:00 amRNSExclusive distribution agreement
24th Sep 20207:00 amRNSHalf-year Report
22nd Sep 20207:00 amRNSLicense agreement for SlimBiome® Medical in the US
17th Sep 20207:00 amRNSDistributor agreement with Ayalla Marketing
15th Sep 202011:06 amRNSSecond Price Monitoring Extn
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11th Aug 20207:00 amRNSScientific and commercial development update
5th Aug 20207:00 amRNSExtension of terms for OptiBiome with OptiPharm
30th Jul 20207:00 amRNSExtension of terms for WellBiome with Maxum Foods
23rd Jul 20207:00 amRNSExtension of terms for WellBiome with Agropur
20th Jul 20207:00 amRNSTrading and commercial update
16th Jul 20207:00 amRNSExtension of terms, territories and products
14th Jul 20207:00 amRNSExtension of terms for WellBiome
9th Jul 202011:29 amRNSResult of AGM
6th Jul 20207:00 amRNSExtension of terms for WellBiome
1st Jul 20207:00 amRNSDistribution agreement with Actial Farmaceutica
29th Jun 20207:00 amRNSLaunch of WellBiome
17th Jun 20207:00 amRNSNotice of AGM
3rd Jun 20207:00 amRNSExercise of Warrant
2nd Jun 20203:35 pmRNSGrant of Options
1st Jun 20203:45 pmRNSHolding(s) in Company
1st Jun 20207:00 amRNSCambridge Commodities appointment as distributor
28th May 20207:00 amRNSFinal Results
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18th May 20207:00 amRNSTrading and commercial update
11th May 20207:00 amRNSExclusive distribution agreement with MAXCARE Inc
5th May 20207:00 amRNSDistribution of products in China and Hong Kong
4th May 20207:00 amRNSNon-exclusive agreement with Smart For Life
17th Apr 20204:24 pmRNSHolding(s) in Company
17th Apr 202011:03 amRNSPlacing and Related Party Transaction
6th Apr 20207:00 amRNSSlimBiome® contract manufacturing agreement
2nd Apr 20207:00 amRNSSlimBiome® contract manufacturing agreement
31st Mar 20207:00 amRNSExclusive licence agreement for OptiBiome®
24th Mar 20207:00 amRNSExtension of territories for GoFigure®
23rd Mar 20207:00 amRNSChange of accounting year end
19th Mar 20204:42 pmRNSSecond Price Monitoring Extn

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