OptiBiotix Health plc (LON:OPTI), a life sciences business developing compounds to tackle obesity, high cholesterol, diabetes and skin care, provided today the following technical, regulatory and commercial update on its SlimBiome® product platform.
Technical Update
OptiBiotix has developed an improved version of SlimBiome® using advanced processing technology which provides the following benefits:-
i. Creating a single homogenous product reducing component separation in transport and improving product consistency. This opens up new application opportunities in areas which lack the ability to blend or remix SlimBiome® (e.g. in store bakeries)
ii. Enhanced solubility giving better product presentation and greatly enhancing flavour and mouthfeel. This improves the taste and consumer experience of products containing SlimBiome® such as ‘GoFigure®’ shakes and bars
iii. Improved dispersion in water opening up new applications areas to meets demand for ‘on the go’ products
iv. Lower manufacturing costs due to less waste and more efficient production processes
Commercial and Regulatory Update
OptiBiotix has made significant progress developing and enhancing its pipeline of innovative products with a strong scientific and clinical evidence base. This has attracted commercial interest from a range of manufacturing, retail and corporate partners. Recent commercial developments include:-
i. The Company has obtained FDA registration for both its LP-LDL® and SlimBiome® product ranges allowing access to the US market
ii. The Company will be launching its improved version of SlimBiome® at Supply Side West and exhibiting with a potential joint development partner, Cereal Ingredients Inc from Kansas, USA. Cereal Ingredients is a privately held specialty ingredients manufacturer, dedicated to the development and manufacture of unique, high-quality products that contribute a meaningful point of difference. Cereal Ingredients are looking to incorporate SlimBiome® into their range of cereal based particulates and ingredients, aimed at the nutraceutical, health and wellbeing sectors of the industry.
Further product development is ongoing with a number of manufacturers, corporates and large retailers to extend SlimBiome®’s application into ‘Health & Wellbeing’ food and beverage products. This is to coincide with increased consumer awareness of using functional natural ingredients as part of a healthy lifestyle to manage and reduce the risks of illness and disease.
Stephen O’Hara, CEO of OptiBiotix Health plc, commented: “We have made significant progress in our transition from a research and development company to a commercial business, recently agreeing deals with Tata, Sacco and Nutrilinea; companies with high industry reputations and a global network of distribution partners. This announcement updates investors on the technical and commercial progress of our SlimBiome® product platform, building on its proven science and consumer efficacy in GoFigure® products. As we build the range of applications, products and geographic scope of SlimBiome® with new manufacturing and distribution partners, the scale of the opportunity enlarges allowing us to fully exploit the revenue generating potential of our products. If successful, this low risk, low cost approach to accessing multiple consumer healthcare and pharmaceutical markets around the world with multiple products has the potential to cumulatively generate substantive revenues in the forthcoming years across all platforms.”
