License agreement with Tata Chemicals
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OptiBiotix Health plc (AIM: OPTI), a life sciences business developing compounds to tackle obesity, high cholesterol, diabetes and skincare, announces that it has reached an agreement with Tata Chemicals Limited ("Tata Chemicals") to incorporate its proprietary Fossence® into SlimBiome® and LeanBiome® for the Indian market.
| The agreement incorporates Tata's Fossence®, a proprietary short chain fructo-oligosaccharide ("FOS") into OptiBiotix's SlimBiome® and LeanBiome® products for the Indian market. Fossence® will be a direct replacement for the FOS used in SlimBiome® in other markets and brings scientific substantiation of health benefits shown by FOS in the Indian market (see Explore - Brochures, Whitepapers, Concept Notes & More | Tata NQ). Tata Chemicals have approved the use of the Fossence® logo on products containing SlimBiome® in India bringing a branded ingredient from a well-known and trusted source to the attention of Indian consumers. |
Tata Chemicals is a global science company active in industrial chemicals, food and nutrition (Tata NQ), and agriculture listed on the Indian stock Exchange. It is part of the Tata Group which employs over one million people with annual revenues in 2022 of $300billion.
Stephen O'Hara, CEO of OptiBiotix, commented: "We are pleased to report this agreement with Tata Chemicals which creates the opportunity to bring products containing Tatas proprietary Fossence® in SlimBiome® and LeanBiome® to the Indian market. Tata Chemicals is one of India's leading suppliers of food ingredients with many well-known and respected brands. Fossence's® established health benefits with Indian consumers and its trusted brand combined with SlimBiome's® strong science, clinical studies, and excellent customer reviews will help reduce hunger and food cravings to support the weight management efforts of India's 135 million obese men and women."
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