OptiBiotix Health plc (LON:OPTI), a life sciences business developing compounds to tackle obesity, high cholesterol, diabetes and skin care provides the following product development and commercial update on its SlimBiome® product platform.
SlimBiome® Product and Application Development
Further to the manufacturing and supply agreement with Knighton Foods announced on 1 November 2017, OptiBiotix is launching a new improved version of its SlimBiome® product platform. The product development has been achieved using Knighton’s specialised powder technology which makes SlimBiome® easier to dissolve, greatly enhancing ease of use, flavour and mouthfeel. This will provide a range of new product and application opportunities with partners in the bakery (e.g. in store bakeries), snacking, food service (e.g. coffee shops) and beverage categories and meet growing consumer demand for ‘on the go’ products.
SlimBiome® Product Range Extension
The new improved SlimBiome® will be sold as an ingredient in white label format, and in OptiBiotix’s own brand GoFigure® range of shakes and bars. New flavours and additions to the SlimBiome® and GoFigure® product range will be introduced in early 2018 including morning muesli pots, healthy bites and coffee and tea blends as part of a healthy lifestyle brand. This creates the opportunity for multiple revenue streams from sales of ingredients to food manufacturers, white label products to large retailers, and branded products in multiple presentations to meet the needs of a diverse range of national and international markets. This is all part of a series of ongoing developments with a number of international partners and large retailers to extend SlimBiome’s® application into a broader range of ‘Health & Wellbeing’ food and beverage products.
SlimBiome® Territory Expansion
Further product development is ongoing with a number of international partners to include SlimBiome® in territory specific applications including bakery products (e.g. cookies, tortillas), breakfast cereals (puffs and flakes), food toppings (e.g. salad, breakfast) as well as developing country flavour specific options for healthy snacks, yoghurts and cereal bars. These include Tata with specially formulated and flavoured products ranges for the Asian markets, and a number of US partners looking to improve the health and nutritional status of existing snacking, bakery and cereal products.
Stephen O’Hara, CEO of OptiBiotix Health plc, commented: “This announcement updates investors on the significant progress we have made with partners developing new application and product opportunities to extend the use of SlimBiome® across a wider range of products opportunities and territories. We anticipate SlimBiome® being the first in a family of products to include: ImmunBiome, WellBiome, OptiBiome® and CardioBiome®, developed using our advanced microbiome modulating technology platforms, to meet industry and consumer need for scientifically proven products to improve health and wellbeing. As the promise of the microbiome materialises into a wider the range of applications and products and we extend into overseas territories the scale of the opportunity enlarges allowing us to fully exploit the revenue generating potential of our products.”
