22nd Sep 2020 15:04
OptiBiotix Health PLC - York-based life sciences company - Enters license agreement for SlimBiome Medical with US-based online health supplement retailer HiLife Vitamins & Herbs Co Inc. Deal grants HiLife non-exclusive rights to commercialise OptiBiotix's SlimBiome Medical weight management product in the US.
Signing of agreement subject to the placing of a trial order and a six month period after which both parties will discuss the terms of the agreement to explore online exclusivity for the US. Discussions to follow a review of sales performance over the six-month period.
"We are pleased to have signed an agreement with HiLife to commercialise our award-winning weight management technology in such a large and key market for weight management products. HiLife contacted us expressing an interest in our product portfolio underlining the recognition and reputation OptiBiotix is establishing in major markets," said Thomas O'Hara, business development manager at Optibiotix.
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Year-to-date change: down 25%
By Ife Taiwo; [email protected]
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