Probiotix Health PLC Partner agreement with SymbioPharm
February 26 2024 - 1:00AM
RNS Regulatory News
RNS Number : 3304E
Probiotix Health PLC
26 February 2024
ProBiotix Health
plc
("ProBiotix" or the
"Company")
Partner agreement with
SymbioPharm
ProBiotix Health plc (AQUIS: PBX), a life
sciences business developing probiotics to support
cardiometabolic health, announces it has entered into a partnership agreement with
SymbioPharm, a German company pioneering in microbiome
research and knowledge-based probiotics. SymbioPharm has secured
its position as a leading innovator and provider of probiotics,
medicinal products and dietary supplements in Germany, Austria and
Switzerland where it is considered a top tier consumer brand.
SymbioPharm's distribution network spans direct-to-consumer
channels as well as a comprehensive online and offline pharmacy
presence.
The agreement allows SymbioPharm to
utilise ProBiotix's CholBiome® CH
formulation to target and reduce cholesterol in their branded
consumer products. SymbioPharm has
introduced the CholBiome® CH formulation as a premium pharmacy
supplement solution across targeted regions. The agreement covers
sales in Germany, Austria and Switzerland, focusing on maximising
market penetration through strategic pharmacy partnerships.
The unique and innovative formulation developed by
ProBiotix comes with a European Food Safety Authority (EFSA) health
claim, specific for cholesterol.
Steen Andersen, CEO
of ProBiotix Health plc commented: "We are delighted that Symbiopharm, a
recognised leader in the probiotic space, has engaged with
ProBiotix Health. This collaboration is strategically aligned with
our goal of extending the reach of our unique finished product
formulations within the DACH region (Germany, Austria and
Switzerland). This is an important step for us to further expand
our business in the consumer health segment, and allow us to reach
a broader audience, enhancing market presence and
influence."
Tobias
Brodtkorb, CEO of SymbioPharm added: "We are very pleased to have entered into this agreement with
ProBiotix Health. We are a collaborative business and are
passionate about
natural treatments using live bacteria. Our focus is not only on
effective therapies, but also on the associated diagnostics and
scientific research on the microbiome, and we find our model fits in naturally with
ProBiotix and their mission. We are delighted to be working closely
with them and hope for a strong relationship going
forward."
For further
information, please contact:
ProBiotix Health plc
|
https://probiotixhealth-ir.com/
|
Steen Andersen, Chief
Executive
|
Contact via Walbrook
below
|
|
|
Peterhouse
Capital Limited (Aquis Corporate Adviser and
Broker)
|
Tel: 020 7469
0930
|
Mark Anwyl
|
|
Duncan Vasey
|
|
|
|
Walbrook PR Ltd
|
probiotix@walbrookpr.com
|
Anna Dunphy
|
Mob: 07876
741 001
|
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