Development Agreement
April 12 2010 - 2:00AM
RNS Non-Regulatory
TIDMONG
Oxford Nutrascience Group PLC
12 April 2010
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12 April 2010
Agreement signed to establish manufacturing capability for Chewitab(TM)
Oxford Nutrascience Group plc ("Oxford Nutrascience" or "the Company") announces
that it has signed a development agreement with Surepharm Services Limited to
scale-up and validate manufacturing processes for its Chewitab(TM) delivery
systems.
Chewitab(TM) is the Company's brand name for its chewable tablet for vitamins
and medicines. Prototypes produced by Oxford Nutrascience have performed well
and under the terms of the agreement Surepharm will be responsible for
demonstrating the manufacturing processes as the Company moves towards the
commercialisation of its Chewitab(TM) products.
Oxford Nutrascience intends to launch Chewitab(TM) products including a chewable
calcium supplement and a chewable multi-vitamin supplement as well as license
the technology to over-the-counter consumer healthcare companies.
Nigel Theobald, Chief Executive, Oxford Nutrascience Group Plc commented:
"The performance of the Chewitab prototypes in our laboratories has been
excellent and prototypes have been well received by a number of major consumer
healthcare companies in several markets around the world.
"By working closely with our development partners, Oxford Nutrascience is now
ready to move to its next phase and demonstrate that our products can be
produced on a mass scale.
"The signing of this development agreement is an important step towards the use
of our technology in making self medication easier. Initial interest is already
being shown by a number of the major brand owners in the consumer healthcare
pharmaceutical sectors to license our technology."
- Ends -
For further information:
www.oxfordnutrascience.com
Oxford Nutrascience Group Plc
Nigel Theobald, Chief Executive +44 1865 854874
Mark Way, Investor and Media Relations +44 7786 116991
ZAI Corporate Finance (Nominated Adviser)
John Depasquale +44 20 7060 2220
Sarang Shah +44 20 7060 2220
About Oxford Nutrascience Group Plc
· Oxford Nutrascience is a UK consumer healthcare company that develops
chewy confectionery, chewable tablets and liquid suspensions to allow medicines
and vitamin supplements to be taken in a more pleasant and convenient way.
· Oxford Nutrascience has developed technology for the use of prebiotic
soluble fibres in medicine delivery systems that disperse and solubilise
medicines, improve taste and mouth feel, simplify processing and eliminate
additives, incorporate prebiotic health benefits.
· Chews: Oxford Nutrascience currently produces Ellactiva , a calcium chewy
supplement sold in the UK and in the Middle East, and plans to launch new chews
to complement this existing product.
· Chewable tablets and liquid suspensions: The target market for Oxford
Nutrasciences' Chewitabs(TM) and liquid suspension delivery systems are
over-the-counter ("OTC") pain relieving drugs, indigestion preparations and
cough and cold medicines.
· Oxford Nutrascience's medicine development work is currently focused on
ibuprofen suspension and chewable allergy tablets incorporating loratadine.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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