York-based OptiBiotix Health, a life sciences business which is developing compounds to tackle obesity, high cholesterol, diabetes and skin care, has upped its investment in a majority owned subsidiary. OptiBiotix has made a further investment in The Healthy Weight Loss Company (THWLC) to provide working capital to support marketing and an increase in stock levels. The business said this investment increases OptiBiotix’s shareholding in THWLC to 64 per cent.
Stephen O’Hara, chief executive of OptiBiotix, said: “We are really pleased with the progress of THWLC and the rapid sales growth of its GoFigure products which have shown the unique ability of our SlimBiome technology to help customers lose weight without feeling hungry, leading to easier and more successful dieting. Our belief in the potential of THWLC is demonstrated by this additional investment which provides funds to invest in marketing, to build stock levels to meet the seasonal demand for weight management products, and to support an increase in retail listings, particularly with major retail outlets.”
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