Deals secure larger international presence for life sciences firm

York-based listed life sciences company Optibiotix Health has signed three new exclusive distribution agreements to extend the global reach of its SlimBiome® and GoFigure® products.

The agreements will boost the firm’s presence in markets in Poland, Malaysia and Singapore, with Optibiotix adding that this will help “build revenues and brand recognition”.

OptiBiotix specialises in developing compounds to tackle obesity, high cholesterol, diabetes and skincare.

The deals announced today include an agreement with Extensor, OptiBiotix’s partner in Poland, for distributing its GoFigure® product range.

This grants Extensor exclusive rights to distribute SlimBiome® in Poland for a period of 12 months with continued exclusivity subject to performance review.

OptiBiotix has also signed an exclusive distribution agreement with Epic Ingredients Sdn Bhd to distribute SlimBiome® in Malaysia and Singapore.

This exclusivity is subject to minimum order quantities and a requirement to place a first order within four months of signing the agreement.

Epic Ingredients was incorporated in 1998 as a pharmaceutical service company with its registered office in Malaysia.

Another agreement, also for the Malaysia and Singapore markets, has been reached with Supplemed Solution Sdn Bhd – a subsidiary of Epic Ingredients. This is to distribute OptiBiotix’s own label GoFigure® consumer weight management products.

Dr Fred Narbel, managing director of OptiBiotix’s prebiotics division, said: “We are pleased to announce this extension of our partnership with Extensor to service the Polish market.

“They have proven to be a very reliable commercial partner and have recently placed a second order for GoFigure® branded products to replenish their stocks.

“This agreement recognises the early success of Extensor in selling GoFigure products in Poland and extends the agreement to SlimBiome as an ingredient to support further sale growth.

“We are also pleased with our partnerships with Epic Ingredients and their subsidiary Supplemed to service the Malaysian and Singaporean markets.

“These are important as they show the value of the awards the company has won over the past two years. It is important to note that these three agreements are for an initial period of one year and include sales targets to retain exclusivity.”