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OptiBiotix inks North America deal for weight management product

The US weight management market alone is worth an estimated US$72bn

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Founded in 1938, Agropur is a North American dairy industry leader with 8,800 employees and sales of US$6.7bn in 2018

OptiBiotix Health PLC (LON:OPTI) has inked an exclusive manufacturing and distribution deal that will see the company’s weight loss product rolled out across the US, Canada and Mexico.

It has teamed up with Agropur, a Quebec-based dairy co-operative that notched sales of US$6.7bn last year, to bring SlimBiome to the world’s largest marketplace.

The US weight management market alone is worth an estimated US$72bn.

“We chose Agropur due to their world leading expertise in manufacturing and distributing specialty ingredients like SlimBiome and their reputation for supplying high quality products to the food industry,” said Fred Narbel, managing director of OptiBiotix's prebiotics division.

“We believe working with Agropur, and similar partners around the world, provides the best opportunity of increasing our global commercial reach and catering to the growing interest we are seeing in SlimBiome from partners worldwide."

As well as weight management, the group is developing products to tackle high cholesterol, diabetes and skin problems.

They have been created to interact with the human micro-biome, an ecosystem of bacteria that exists in the gut and on the skin.

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Price: 61 GBX

AIM:OPTI
Market: AIM
Market Cap: £53.64 m
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