Life sciences firm OptiBiotix Health (LON: OPTI) has had a rally in its shares following the news that SlimBiome has received approval for use by Health Canada.
SlimBiome is a weight management ingredient, which studies confirm reduces hunger, cravings for sweet and savoury foods, and fat intake. It has won 3 industry awards — the European Weight Management Ingredient of the Year from NutraIngredients in 2018, the Asia Weight Management Ingredient of the Year from NutraIngredients in 2019, and the best weight management product in the USA, a Nutrition Industry Executive Award.
The product has been approved for use as a licensed product for weight management.
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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
According to OptiBiotix, Health Canada has validated the scientific and clinical data on SlimBiome and concluded that it has several benefits, including lowering cholesterol, maintaining normal blood glucose levels, and preventing chromium deficiency.
“This is a significant achievement and brings further international recognition to SlimBiome as a scientifically backed and proven weight management ingredient. It underlines the value of the investment we made in a number of human clinical studies showing SlimBiome’s effectiveness and the creation of a large IP portfolio,” commented René Kamminga, CEO of OptiBiotix Health.
The news has seen the company’s stock rise over 6% to 49.8p.
Should you invest in OptiBiotix Health shares?
OptiBiotix shares are traded on the London stock exchange’s AIM market (the alternative investment market), which is the submarket specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are OPTI shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies
