31st Jan 2020 15:29
(Alliance News) - OptiBiotix Health PLC on Friday said it has launched its SlimBiome weight management product in North America.
The life sciences company said the product has been launched in collaboration with North-American dairy business Agropur Inc.
In June, OptiBiotix granted Agropur an exclusive licence to manufacture, supply and distribute SlimBiome in the US, Mexico, and Canada.
"We are very pleased with the progress Agropur has made since the announcement of our 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 USA and supply the ingredient to North American customers," said Fred Narbel, managing director of the prebiotics division of OptiBiotix.
"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 USD72 billion in 2019," he added.
Shares in York-based OptiBiotix were up 2.5% at 63.03 pence each on Friday afternoon in London.
By Ife Taiwo; [email protected]
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