OptiBiotix reveals new, improved SlimBiome platform
OptiBiotix Health
18.00p
16:55 19/04/24
Life sciences business OptiBiotix Health issued a product development and commercial update on its ‘SlimBiome’ product platform on Thursday, reporting that it was launching a new improved version of the platform following the announcement of the manufacturing and supply agreement with Knighton Foods on 1 November.
FTSE AIM All-Share
745.67
17:08 19/04/24
Pharmaceuticals & Biotechnology
21,247.91
17:09 19/04/24
The AIM-traded firm said the product development had been achieved using Knighton's specialised powder technology which made SlimBiome easier to dissolve, reportedly enhancing ease of use, flavour and mouthfeel.
That would provide a range of new product and application opportunities with partners in the bakery, snacking, food service and beverage categories, the OptiBiotix board claimed, as well as meet growing consumer demand for 'on the go' products.
The new improved SlimBiome would be sold as an ingredient in white label format, and in OptiBiotix's own brand ‘GoFigure’ range of shakes and bars.
New flavours and additions to the SlimBiome and GoFigure product range would be introduced in early 2018, the board explained, including morning muesli pots, healthy bites and coffee and tea blends as part of a ‘healthy lifestyle’ brand.
That would create the opportunity for multiple revenue streams from sales of ingredients to food manufacturers, white label products to large retailers, and branded products in multiple presentations to meet the needs of a “diverse range” of national and international markets.
OptiBiotix said it was part of a series of ongoing developments with a number of international partners and large retailers to extend SlimBiome's application into a broader range of 'health and wellbeing' food and beverage products.
Further product development was also ongoing with a number of international partners to include SlimBiome in territory-specific applications, including bakery products, breakfast cereals and food toppings, as well as developing country flavour specific options for healthy snacks, yogurts and cereal bars.
Those include Indian conglomerate Tata, with specially-formulated and flavoured products ranges for the Asian markets, and a number of US partners looking to improve the health and nutritional status of existing snacking, bakery and cereal products.
“This announcement updates investors on the significant progress we have made with partners developing new application and product opportunities to extend the use of SlimBiome across a wider range of products opportunities and territories,” said OptiBiotix chief executive Stephen O'Hara.
“We anticipate SlimBiome being the first in a family of products to include ImmunBiome, WellBiome, OptiBiome and CardioBiome, developed using our advanced microbiome modulating technology platforms, to meet industry and consumer need for scientifically proven products to improve health and wellbeing.
“As the promise of the microbiome materialises into a wider the range of applications and products and we extend into overseas territories the scale of the opportunity enlarges allowing us to fully exploit the revenue generating potential of our products.”