OptiBiotix Health secures agreement to help bring product to global markets

A life science business which is developing compounds to tackle obesity has secured an agreement which will help to bring its product to global markets.
The announcement has been made to the stock exchange.The announcement has been made to the stock exchange.
The announcement has been made to the stock exchange.

OptiBiotix Health has extended the terms of its original distribution agreement with Draco Ingredients GmbH.

The agreement extends the product range from the distribution of SlimBiome to include WellBiome. The territory remain unchanged with distribution rights in Germany.

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Andre Wittke, General Manager at Draco, commented: “The introduction of WellBiome gives us the opportunity to extend our product portfolio of functional ingredients with scientifically proven benefits and increase the commercial opportunity.

"There is growing awareness of the link between gut health and general wellbeing in Germany and WellBiome creates a ‘ready for market’ opportunity to access this growing health and wellbeing trend.”

Dr. Fred Narbel, Managing Director of OptiBiotix’s prebiotics division, commented: “We are pleased to announce the extension of terms for Draco.

"This agreement recognises Draco’s success in building brand awareness for OptiBiotix’s SlimBiome trademark in Germany with the launch of the www.slimbiome.de website and early commercial success.

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"The agreement extends terms to expand the commercial opportunity in the territory and is a second commercial step in bringing OptiBiotix’s new functional ingredient WellBiome to global markets and building brand awareness.”

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