StockMarketWire.com - OptiBiotix Health said it had entered into an exclusive manufacturing and supply agreement for its weight management technology in India.

The pact grants Zeon Lifesciences with a license to manufacture and supply OptiBiotix's SlimBiome product in return for 50% of profits.

Zeon would cover the cost for the registration of SlimBiome and any finished product containing Slimbiome with the Food Safety and Standard Authority of India.

'We chose Zeon due to their position as India's leading manufacturer of nutraceutical products, industry reputation, extensive national and international partner network, and their expertise in manufacturing high value nutraceutical products,' chief executive Stephen O'Hara said.

'We believe partnering with Zeon is an important step in optimising the supply chain to facilitate the needs of existing and new corporate partners in India and Southern Asia and anticipate further announcements in due course.'




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