OptiBiotix
Health plc
("OptiBiotix"
or the "Company")
Partnership agreement with Morepen for
SlimBiome® containing finished products
OptiBiotix Health plc (AIM: OPTI), a life sciences business developing compounds to
tackle obesity, high cholesterol, diabetes and skincare, announces it
has signed a partnership agreement with Dr Morepen Ltd ("Morepen")
for the sale of SlimBiome®
containing products in India under the Dr Morepen brand.
Morepen is a 100% owned subsidiary of Morepen Laboratories
Ltd ("Morepen Laboratories"), an Indian pharmaceutical company
listed on the Indian Stock Exchange.
Morepen Laboratories has more than 2,300
employees and sells over 800 products to over 82 countries. Morepen
is a well-known and trusted brand in India, launched in 2001 to
encourage customers to be in charge of their own health and
wellbeing. Morepen has direct access to over 200,000 pharmacies
across India and indirect access to another 300,000 pharmacies.
Products will be sold online, in store, and direct to physicians
across India.
Stephen O'Hara, CEO
of OptiBiotix,
commented: "We are pleased to announce this agreement
with Morepen, a well-known and trusted supplier to pharmacies,
physicians, and retail customers across India.
Morepen brings an
extensive sales team with experience of highly differentiated
scientific products and countrywide access to a network of around
500,000 pharmacies across India. Based on current forecasts, the
Directors anticipate this agreement could contribute in the region
of £6-7 million revenue per annum in the next four to five
years."
The Directors of the Company are responsible
for the release of this announcement.
For further
information, please contact:
OptiBiotix
Health plc
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www.optibiotix.com
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Neil Davidson, Chairman
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Contact via Walbrook
below
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Stephen O'Hara, Chief Executive
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Cairn
Financial Advisers LLP (NOMAD)
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Tel: 020 7213
0880
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Liam Murray / Jo Turner / Ludovico
Lazzaretti
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Peterhouse
Capital Limited (Broker)
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Tel: 020 7220
9797
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Duncan Vasey / Lucy Williams
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Walbrook PR
Ltd
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Mob: 07876 741
001
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Anna Dunphy
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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 programme
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.
Forward-Looking
Statements
Certain statements made in this announcement
are forward-looking statements. These forward-looking statements
are not historical facts but rather are based on the Company's
current expectations, estimates, and projections about its
industry; its beliefs; and assumptions. Words such as
'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,'
'estimates,' and similar expressions are intended to identify
forward-looking statements. These statements are not guarantees of
future performance and are subject to known and unknown risks,
uncertainties, and other factors, some of which are beyond the
Company's control, are difficult to predict, and could cause actual
results to differ materially from those expressed or forecasted in
the forward-looking statements. The Company cautions security
holders and prospective security holders not to place undue
reliance on these forward-looking statements, which reflect the
view of the Company only as of the date of this announcement. The
forward-looking statements made in this announcement relate only to
events as of the date on which the statements are made. The Company
will not undertake any obligation to release publicly any revisions
or updates to these forward-looking statements to reflect events,
circumstances, or unanticipated events occurring after the date of
this announcement except as required by law or by any appropriate
regulatory authority.