logo-loader

OptiBiotix brings in Fred Narbel as new head of prebiotic division

Published: 03:10 17 Dec 2018 EST

gut bacteria
Narbel speaks four languages and has worked around the world

OptiBiotix Health plc (LON:OPTI) has appointed Fred Narbel as the new managing director of its prebiotics division; home to its SweetBiotix, OptiBiotic and microbiome modulating technology platforms.

Narbel has been in the industry for 11 years and is joining from Canadian dairy company Agropur, which recorded sales of almost US$6.5bn last year.

OptiBiotix wants to make the most of his experience, with him having managed sales teams across Asia, North America and Europe.

READ: Opti subsidiary raises £1mln to fund possible IPO

“Fred's experience and track record of growing business-to-business sales of speciality food ingredients to provide differentiated nutritional solutions brings added commercial and industry-specific expertise to OptiBiotix,” said chief executive Stephen O’Hara.

“His network of contacts provides access to new international markets which we hope will help drive revenue growth from OptiBiotix's growing pipeline of products amongst its SweetBiotix, OptiBiotic and microbiome modulating platforms.

He added: “This will add further revenue streams to the growing revenues from OptiBiotix's LP-LDL and SlimBiome products. This is all part of a wider strategy of developing multiple revenue streams from both consumer and pharmaceutical products across all OptiBiotix's technology platforms.”

In the same announcement, Opti confirmed that Per Rehne has departed his role as a director of the company. He will remain as a director of PreBiotix Health – the firm’s newly created subsidiary – though.

Opti shares rose 86.8p early on Monday morning.

Novo Resources sees substantial upside potential at Nunyerry

Novo Resources Corp (TSX:NVO, OTCQX:NSRPF, ASX:NVO) co-chair and acting CEO Mike Spreadborough joins Jonathan Jackson in the Proactive studio to discuss promising gold outcomes from recent reanalysis of drill intercepts in a 2023 program at Nunyerry North in Western Australia. Using advanced...

10 hours, 32 minutes ago