2nd Jun 2015 06:57
LONDON (Alliance News) - OptiBiotix Health PLC on Tuesday said it has signed an option agreement with an unnamed multinational consumer goods company for its cholesterol-reducing product.
The life sciences company said the terms of the agreement will give the customer, in return for a nominal payment, the option to enter into a definitive agreement with OptiBiotix following the results of a trial of the product.
OptiBiotix said the terms of the deal are confidential and that no further details can be disclosed.
"We are pleased to announce the signing of our first agreement with a global partner for our cholesterol reducing product. We believe that OptiBiotix's strong science base together with our partners brand portfolio and global reach will help both companies improve the health and well being of people around the world," said Chief Executive Stephen O'Hara.
By Sam Unsted; [email protected]; @SamUAtAlliance
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