Email Facebook Twitter

London South East - Oil & Gas Investor Evening: Malcy, Echo, Savannah, SDX
Andrew Knott, #SAVP speaks at London South East's Oil & Gas event

Collagen Sol Regulatory News (COS)

Regulatory News for Collagen Sol (COS)

Share Price: 3.10Bid: 3.00Ask: 3.20Change: 0.00 (0.00%)No Movement on Collagen Sol
Spread: 0.20Spread as %: 6.67%Open: 3.10High: 3.10Low: 3.10Yesterday’s Close: 3.10

Trading update and notice of results

Thu, 26th Oct 2017 07:00

RNS Number : 6453U
Collagen Solutions PLC
26 October 2017



Collagen Solutions Plc

(the "Company" or the "Group")


Trading Update and Notice of Results


Collagen Solutions plc (AIM: COS), the developer and manufacturer of medical grade collagen-based biomaterials for use in research, diagnostics, medical devices, and regenerative medicine, provides an update on trading for the six months to 30 September 2017.


Revenue and other income is expected to be £1.86m, (H1 2016: £1.89m).  Whilst the quality and scale of our sales pipeline are both at their highest levels to date, our first half revenues have been impacted by revenue recognition issues (£150k) and anticipated orders which, for various reasons, have either not materialised or have been delayed by our customers' own internal issues (2016 equivalent £341k). Those revenues affected by revenue recognition will flow through positively during the second-half of the financial year. As already highlighted in our August AGM statement, revenue growth this year is expected to occur in the second-half of the financial year and the Directors believe that the strength and quality of our sales pipeline continues to have the potential to deliver in line with these expectations.


Commenting on outlook, Jamal Rushdy, CEO says: "We remain positive on the long-term prospects of Collagen Solutions and current pipeline of opportunities and new products. During the first half of the financial year, we added eight new early-stage customer deals compared with nine in the entirety of last year. Additionally, a key milestone was met in September when we completed patient assessments in our ongoing eight-year extension clinical study of ChondroMimetic osteochondral scaffold. The resulting data is due to be reported in Q1 2018, followed by a CE mark submission later in 2018, whilst now engaging in partnering discussions. We look forward to providing more detail of progress within the business when we report our Interim results."


The Company will announce its interim results for the six months to 30 September 2017 on Tuesday, 5 December 2017.


About Collagen Solutions:

Collagen Solutions Plc is a global provider of medical grade collagen formulations and components for use in regenerative medicine, medical devices and in-vitro diagnostics and research. The capabilities of the Company include the provision of native, soluble and powdered collagen formulations, processed and semi-processed tissues such as pericardium, bone, and blood vessels, and expertise in the development and contract manufacture of collagen components for use as engineered tissue scaffolds and other medical devices. These products are used in a wide variety of applications including orthopaedics, cardiovascular, dental, plastic surgery, wound healing, neurology and urology. Collagen Solutions' unique offering extends beyond material supply and contract services through the highly skilled staff who support customers through the various stages of development and regulatory approval. For additional information, please visit


This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.




Collagen Solutions Plc

Contact via Walbrook

Jamal Rushdy, Chief Executive Officer  


Gill Black, Chief Financial Officer




Cenkos Securities plc (Nominated Adviser and Broker)

Stephen Keys

Steve Cox   

Tel: 0207 397 8900





Walbrook PR

    Tel: 020 7933 8780 or

Mike Wort

Mob: 07900 608 002

Anna Dunphy

Mob: 07876 741 001






This information is provided by RNS
The company news service from the London Stock Exchange

Related Shares:
Collagen Solutions (COS)

23-Oct-18 07:00RNSTrading Update and Notice of ResultsCompany Announcement - General
18-Oct-18 07:00RNS-RBiotech and Money's Inve$tival ShowcaseCompany Announcement - General
26-Sep-18 17:04RNSHolding(s) in CompanyHolding(s) in Company
25-Sep-18 15:05RNSDirector/PDMR ShareholdingDirectors' Dealings
19-Sep-18 17:01RNSDirector/PDMR ShareholdingDirectors' Dealings
03-Sep-18 12:20RNSDirector/PDMR ShareholdingDirectors' Dealings
03-Sep-18 07:00RNSBoard AppointmentsExecutive Changes
03-Sep-18 07:00RNSExecutive Share Options AlignmentCompany Announcement - General
24-Aug-18 11:47RNSDirector/PDMR ShareholdingDirectors' Dealings
22-Aug-18 11:40RNSResult of AGMResults and Trading Reports
22-Aug-18 07:00RNSAGM StatementResults and Trading Reports
21-Aug-18 07:00RNS-RAppointment of Distributors in ChinaCompany Announcement - General
25-Jul-18 17:21RNSPosting of Annual Report and Notice of AGMCompany Announcement - General
10-Jul-18 07:00RNSFinal ResultsResults and Trading Reports
13-Jun-18 07:00RNSNotice of ResultsAdvance Notice of Results
08-May-18 07:00RNS-RExhibiting at 18th ESSKA conferenceCompany Announcement - General
03-May-18 15:27RNSDirector/PDMR ShareholdingDirectors' Dealings
11-Apr-18 07:00RNSDirector/PDMR ShareholdingDirectors' Dealings
10-Apr-18 07:00RNS-RAppointment of Chief Business OfficerCompany Announcement - General
06-Apr-18 09:31RNSDirector/PDMR ShareholdingDirectors' Dealings
04-Apr-18 07:00RNSTrading updateResults and Trading Reports
28-Mar-18 07:00RNSProposed restructuring of New Zealand operationsCompany Announcement - General
01-Mar-18 07:00RNS-RConference attendanceCompany Announcement - General
26-Feb-18 07:15RNS-RHardman & Co: Nearing first proprietary productCompany Announcement - General
22-Feb-18 13:00RNSDirector/PDMR ShareholdingDirectors' Dealings
21-Feb-18 07:00RNSPositive results of ChondroMimetic Clinical StudyCompany Announcement - General
15-Feb-18 07:00RNSChina updateCompany Announcement - General
06-Feb-18 07:00RNS-RInvestor presentationCompany Announcement - General
20-Dec-17 11:55RNSChondroMimetic® UpdateCompany Announcement - General
19-Dec-17 15:49RNS-RHardman Research: Targeting long-term growthCompany Announcement - General

Share Price, Share Chat, Stock Market news at
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.