viewCollagen Solutions PLC

Collagen Solutions' tissue business builds momentum


Company has posted its third consecutive six-month period of double-digit sales growth.

picture of a knee

Quick facts: Collagen Solutions PLC

Price: 1.125 GBX

Market: LSE
Market Cap: £4.99 m
  • Growing tissues business
  • Potentially breakthrough knee cartilage advance
  • £5mln cash at last half-year

What the company does…

Collagen Solutions PLC (LON:COS) specialises in regenerative medicines and biomaterials. It uses collagen and other tissue – such as pericardium – to make everything from heart valves to bone grafts right through to wound dressings: it all depends on what the customer wants.

Collagen has another string to its bow in the form of a lead product called ChondroMimetic. This is a minimally-invasive, surgically-placed scaffold which helps repair knee cartilage.


In the six months to September 30, sales were up 14.4% to £2.23mln, while it won four new customer contracts and 10 new customers.

The impact of investment growing the business meant Collagen Solutions was loss-making – to the tune of £1.19mln at the pre-tax level.

More importantly, it exited the first half with just over £5mln on the bank.

Growth catalysts

Core business

  • New agreements from healthy deal pipeline
  • Milestones from development agreements
  • Customer product launches
  • Tissue business acceleration


  • Limited user release
  • Additional distribution

Product Pipeline

  • Partnering product

What the bosses say: Jamal Rushdy, chief executive

As we previously announced, we are pleased to report the third consecutive six-month period of double-digit sales growth.

"We have shown particularly strong growth from our tissue business and also are continuing to bring on new customers and contracts from our global sales team." 







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Collagen Solutions reports strong growth in its tissue business in first half

Collagen Solutions PLC's (LON:COS) Jamal Rushdy and Hilary Spence update Proactive London's Andrew Scott on first half performance - their third consecutive six-month period of double-digit sales growth. Revenues increased by 14% to £2.23mln in the period ended September 30. Tissue sales more...

on 3/12/19

2 min read