Life sciences company operating in one of the most progressive areas of biotechnological research has entered into new manufacturing agreement for one of its patented products.
OptiBiotix Health, developing compounds to tackle obesity, high cholesterol, diabetes and skin care has entered into an agreement with Knighton Foods.
The health company is giving Knighton Foods an exclusive licence to manufacture and supply OptiBiotix’s SlimBiome weight management technology in the UK, in return for 50% of the profit, with an agreed cost of manufacture and minimum sales price per kilogramme.
Knighton, a wholly owned subsidiary of Premier Foods plc, is a manufacturer of functional powdered foods, specialist ingredients and finished products.
Knighton’s advanced powder technology was key to developing an improved version of SlimBiome, providing enhanced solubility and better product presentation.
Stephen O’Hara, chief executive of OptiBiotix, said: “We are pleased to announce the signing of a manufacturing, supply and profit sharing agreement with Knighton Foods.
“We chose Knighton due to their world leading expertise in adding value and differentiation to speciality powdered ingredients like SlimBiome®.
“Their development work greatly improved SlimBiome’s solubility, taste and mouthfeel whilst reducing the overall cost of manufacture.
“We believe working with Knighton, and similar partners around the world, provides the best opportunity of meeting the requirements of major retailers and the growing interest we are seeing in SlimBiome from partners worldwide.”
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