Collagen Solutions says H1 trading in line

Collagen Solutions said trading in the six months to Sept. 30 of the current financial year was in line with management expectations.

Revenue and other income is expected to be £1.90m, which represents a 30% increase compared to revenue of £1.46m for the same period last year.

Operationally this period has seen the benefits of the new strategy that has been implemented following the appointment of Jamal Rushdy as CEO in May of this year, including specific strategic initiatives focused on building core business scalability and advancing the R&D pipeline.