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OptiBiotix Health delighted with progress

OptiBiotix Health delighted with progress

OptiBiotix Health continues to make progress on its strategy of developing compounds which modify the human microbiome and commercialising these through partnering with food, health, and wellbeing companies.

Highlights
• The appointment of Jim Laird as Commercial Director to the Board to increase commercial capacity and capability
• The completion of preclinical studies and ethics approval received to enable human clinical studies to begin for the Company’s cholesterol lowering product
• Expansion of the OptiBiotic® platform to a wider range of microbial species broadening the number of product and partner opportunities
• The filing of four new patents
• Creating a joint venture with Nizo Food Research to develop, manufacture and distribute weight management yoghurts to global markets
• Announcement of an option agreement with a multinational consumer goods company for the cholesterol lowering product
· Strategic alliance with Venture Life
· Agreement with Spanish National Research Council

Stephen O’Hara, CEO of OptiBiotix Health plc said: “I am delighted with the progress OptiBiotix has made since joining AIM in August 2014. In a short space of time we have moved one of our development programmes into clinical studies, progressed our sugar programme designed to create low calorie, sweet oligosaccharides to reduce chronic lifestyle disease such as heart disease, obesity and diabetes, built on our IP portfolio, and reached agreements with a number of commercial partners. During the period, we strengthened the Board with the appointment of Jim Laird, who has brought industry specific commercial and corporate expertise to the Company. I would like to thank our investors for their support since we joined AIM, and look forward to an exciting and rewarding rest of 2015.”