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OptiBiotix Health Signs SlimBiome Distribution Agreement With DKSH

LONDON (Alliance News) - Obesity and diabetes-focused healthcare company OptiBiotix Health PLC ...

Alliance News 20 March, 2019 | 12:08PM
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LONDON (Alliance News) - Obesity and diabetes-focused healthcare company OptiBiotix Health PLC said on Wednesday it has signed an exclusive distribution agreement with DKSH International Ltd.

Under the agreement, DKSH will distribute OptiBiotix's weight management technology in Italy and Spain. Continued market exclusivity is linked to sales orders to maximise the financial return for both companies over the next three years.

The agreement is in line with OptiBiotix's strategy of expanding its SlimBiome products into key European markets, particularly its GoFigure brand for weight management.

"We are delighted that DKSH will be bringing their marketing and sales expertise to promote the sale of SlimBiome. With its industry awards, clinical studies demonstrating safety and efficacy, medical device registration and CE mark, we believe SlimBiome is highly differentiated from other weight management products. We hope combining these attributes with DKSH's sales, marketing and distribution expertise will generate substantial revenues in the months and years ahead," said Christina Wood, sales & marketing director.

Shares in OptiBiotix Health were up 1.4% at 83.64 pence on Wednesday.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
OptiBiotix Health PLC 54.00 GBX 1.89 -

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