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Biome Australia Ltd ( (AU:BIO) ) has shared an announcement.
Biome Australia Ltd has announced strategic distribution agreements with Mecca, a leading premium beauty retailer, and Go Vita, Australia’s largest health food network, to expand the reach of its Activated Probiotics range. The partnership with Mecca marks Biome’s entry into the premium beauty retail sector, providing exposure to a new audience through Mecca’s flagship store in Melbourne, which features a dedicated wellness hub. Meanwhile, the agreement with Go Vita allows Biome to leverage Australia’s largest health food distribution platform, aligning with their strategy to diversify distribution channels while maintaining a practitioner-recommended model. These partnerships are expected to accelerate Biome’s growth trajectory and validate the increasing convergence of beauty and wellness, highlighting the importance of gut health in overall wellbeing.
The most recent analyst rating on (AU:BIO) stock is a Buy with a A$0.95 price target. To see the full list of analyst forecasts on Biome Australia Ltd stock, see the AU:BIO Stock Forecast page.
More about Biome Australia Ltd
Biome Australia Ltd is a microbiome health company that focuses on developing and distributing probiotic products. Their flagship product line, Activated Probiotics, is designed to support gut health, stress management, and hormonal balance. The company operates within the health and wellness industry, aiming to provide evidence-based solutions to health-conscious consumers.
Average Trading Volume: 388,492
Technical Sentiment Signal: Strong Buy
See more insights into BIO stock on TipRanks’ Stock Analysis page.