International distribution for York life sciences firm
Optibiotix Health, the York-based listed life sciences company, is extending the global reach of its SlimBiome® and GoFigure® products, by signing three new exclusive distribution agreements.
The deals will help “build revenues and brand recognition” as well as boosting the firm’s presence in Poland, Malaysia and Singapore.
The company is a specialist in developing compounds to fight high cholesterol, obesity and diabetes, as well as producing skincare products.
The recent deals include an agreement with OptiBiotix’s partner in Poland, Extensor, to distribute its GoFigure® product range. It allows Extensor to distribute SlimBiome® in Poland for an initial period of 12 months.
OptiBiotix has also signed an exclusive distribution agreement for Malaysia and Singapore where Epic Ingredients Sdn Bhd will distribute SlimBiome®.
Supplemed Solution Sdn Bhd, a subsidiary of Epic Ingredients, will distribute OptiBiotix’s own label consumer weight management products, GoFigure®.
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.”