Stephen O’Hara, CEO of OptiBiotix Health PLC LON:OPTI, commented: “I am delighted with the strong progress OptiBiotix has made in our first full year of trading on AIM. In a short space of time we have built operational capability, progressed our development programmes, built on our IP portfolio, and signed multiple commercial agreements. These agreements provide industry validation of OptiBiotix’s technology platforms, make a significant financial contribution to running costs, and provide a route to market with established brand suppliers with the potential to generate multiple future revenue streams. Having validated our technology platforms during 2015 we are now extending their scope into new product and application areas to ensure a constant supply of new products entering the market and build the revenue streams of the future. On behalf of the Board, I would like to thank our investors for their support in 2015, and look forward to an exciting and rewarding 2016.”
OptiBiotix Health plc (AIM: OPTI), a Life Sciences business developing compounds to tackle obesity, high cholesterol and diabetes, has told DirectorsTalk about its audited results for the year ended 30 November 2015.
OptiBiotix continues to make progress on its strategy of developing compounds which modify the human microbiome and commercialising these through partnering with food, health & wellbeing and pharmaceutical companies.
Highlights:
-- Raised GBP1.5m from placing of 2 million shares at 75p -- Substantive increase in the IP portfolio - five to eleven patents - three to eight strain registrations - three to seven trademarks -- Human and manufacturing studies on the cholesterol supplement successfully completed -- Formation of a Scientific Advisory Group composed of international key opinion leaders -- Strengthened the Board with the appointment of Peter Wennström -- Signed four commercial agreements with Nizo, Venture Life, CSL and a large US multinational
Post-period end highlights:
-- Appointment of Professor Tim Spector to the Scientific Advisory Group -- Further placing to raise GBP1 million at 78p -- Commercial agreement signed with KSF Acquisition UK Limited (Slimfast) -- Joint venture agreement signed for SkinBiotix with the University of Manchester -- Second contract signed for the development of SweetBiotix(R) -- Joint product development agreement signed with Royal DSM Product Development
