York biotech Optibiotix has signed a manufacturing and supply agreement with Indian healthcare company Zeon for its weight management technology, SlimBiome.
The partnership was facilitated by the Department for International Trade and the Rt. Hon Mark Field Minister of State for Asia and the Pacific, UK Foreign and Commonwealth Office.
Mr Field said: “This collaboration between OptiBiotix and Zeon is a really exciting start.
“We hope it will pave the way for real advances in the way to prevent and manage chronic lifestyle ailments like diabetes and obesity.”
OptiBiotix CEO, Stephen O’Hara, said: “Our rapid expansion into India through this partnership with Zeon demonstrates the kinds of opportunities that are available to UK industry here.
“We believe that our partnership with Zeon is an important step in facilitating the needs of existing and new corporate partners in India and Southern Asia and anticipate further announcements in due course.”
Zeon now has a license to manufacture and supply SlimBiome across India in return for a 50% profit share.