OptiBiotix Health shares lifted by launch of meal replacement products down under

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OptiBiotix Health PLC (LON:OPTI) has said several meal replacement shakes and bars containing its proprietary weight management technology have been launched down under.

The products will be sold under the Optislim brand with Woolworths, ChemistWarehouse and on OptiPharm Pty Ltd’s online store in Australia and New Zealand.

The launches build on a licence agreement entered into in March 2020 with OptiPharm, whose flagship brand Optislim is the market-leading weight management brand in Australia.

“Essentially, we are revolutionising meal replacements utilising OptiBiome, the award-winning, patented ingredient from OptiBiotix,” Garry McDonald, the managing director (MD) of OptiPharm said in a statement.

Fred Narbel, the MD of OptiBiotix’s prebiotics division, said the AIM-listed company’s partnership with OptiPharm would allow it to access a wide base of customers in Australia and New Zealand.

“This first commercial step with OptiPharm highlights the strength of the relationship between the two companies and we look forward to future commercial launches beyond Australia and New Zealand,” Narbel added.

Shares in OptiBiotix were up 4.2% at 62p in early deals.

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