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OptiBiotix and partner Agropur launch 'SlimBiome' in North America
31st Jan 2020 08:57
(Sharecast News) - Life sciences company OptiBiotix Health and its partner Agropur announced the launch of 'SlimBiome' in the North American market on Friday.
The AIM-traded firm said the launch was following its granting of an exclusive licence to Agropur in June, to manufacture, supply and distribute its SlimBiome weight management technology in the United States, Canada and Mexico.
It described Agropur as a wholly-owned subsidiary of Agropur Cooperative, which is a North American dairy industry "leader" founded in 1938.
"We are proud of our agreement and partnership with OptiBiotix and the exclusive opportunity to bring SlimBiome to the North American food and nutrition industries," said Mike Homewood, vice-president of Agropur Custom Solutions.
"This ingredient solution for weight management fits into Agropur's goal to provide innovative, forward-thinking products to our customers."
Dr Fred Narbel, managing director of OptiBiotix's prebiotics division, added that the company was "very pleased" with the progress Agropur had made since the announcement of the partnership at the end of June.
"Over a rather short period of time, Agropur has qualified its manufacturing process and is now able to produce SlimBiome in the US and supply the ingredient to North American business-to-business customers.
"This is a key strategic step In OptiBiotix's commercial development as it grants the company access to the US weight management market which was estimated to be worth $72bn in 2019."
At 1541 GMT, shares in OptiBiotix Health were up 1.27% at 62.28p.
The AIM-traded firm said the launch was following its granting of an exclusive licence to Agropur in June, to manufacture, supply and distribute its SlimBiome weight management technology in the United States, Canada and Mexico.
It described Agropur as a wholly-owned subsidiary of Agropur Cooperative, which is a North American dairy industry "leader" founded in 1938.
"We are proud of our agreement and partnership with OptiBiotix and the exclusive opportunity to bring SlimBiome to the North American food and nutrition industries," said Mike Homewood, vice-president of Agropur Custom Solutions.
"This ingredient solution for weight management fits into Agropur's goal to provide innovative, forward-thinking products to our customers."
Dr Fred Narbel, managing director of OptiBiotix's prebiotics division, added that the company was "very pleased" with the progress Agropur had made since the announcement of the partnership at the end of June.
"Over a rather short period of time, Agropur has qualified its manufacturing process and is now able to produce SlimBiome in the US and supply the ingredient to North American business-to-business customers.
"This is a key strategic step In OptiBiotix's commercial development as it grants the company access to the US weight management market which was estimated to be worth $72bn in 2019."
At 1541 GMT, shares in OptiBiotix Health were up 1.27% at 62.28p.