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OptiBiotix inks new exlusivity agreements for GoFigure and SlimBiome

Life sciences group OptiBiotix Health PLC (LON:OPTI), has entered into three new exclusive distribution agreements relating to its SlimBiome and GoFigure products.

OptiBiotix has signed a further agreement with Extensor, its exclusive partner in Poland for the distribution of GoFigure, granting Extensor exclusive rights to distribute SlimBiome in Poland for a period of 12 months with continued exclusivity subject to performance review.

In the east, OptiBiotix has signed an exclusive distribution agreement with Epic Ingredients to distribute SlimBiome in Malaysia and Singapore.

Epic Ingredients is a pharmaceutical service company with a focus on the distribution of active pharmaceutical ingredients, excipients (ingredients that aid the absorption of a drug) and nutraceutical raw materials providing complete distribution and warehousing facilities.

The AIM-listed company has also signed an exclusive distribution agreement with Supplemed Solution, a subsidiary of Epic Ingredients, to distribute OptiBiotix's own label GoFigure consumer weight management products in Malaysia and Singapore.

Both exclusivity agreements are subject to minimum order quantities and a requirement to place a first order within four months of signing the agreement.

OptiBiotix said the agreements for Malaysia and Singapore arise from the publicity and interest generated from SlimBiome Medical winning the NutraIngredients award for Best Weight Management Ingredient of the Year for Asia 2019.

Dr Fred Narbel, the managing director of OptiBiotix's prebiotics division, said Extensor had proven to be a very reliable commercial partnerRead More – Source