|[January 27, 2014]
Collbio Limited undertakes US acquisition and reverse listing creating Collagen Solutions plc.
GLASGOW, Scotland --(Business Wire)--
Collbio Ltd has moved rapidly since its formation in March 2013 to
secure a position as a leading global supplier and manufacturer of
bovine collagen-based biomaterials. Effective January 2nd, the company
announced both the acquisition of California-based Collagen Solutions
LLC and a reverse listing on to the London AIM market (COS.LSE). The
company has been renamed Collagen Solutions plc and will be headed by
Collbio CEO Dr Stewart White.
Dr White explained that the two linked moves are key to Collagen
Solution's future planned growth: "Firstly, the USA is a major market
for us - this is exemplified by our contract with US-based Cardium
Therapeutics for the manufacture of formulated collagen for Cardium's
FDA-approved Excellagen® product. The acquisition of Collagen Solutions
LLC will enable us to offer US customers a greatly enhanced service.
Their San Jose, CA (News - Alert) site will continue to trade and movng forward will
be our US presence, Collagen Solutions (US) Inc. (www.collagensolutions.com).
Secondly, collagen has an established, and growing, number of uses in
the healthcare sector, ranging from wound dressings, prosthetic implant
coatings through to cell scaffolding in regenerative medicine. With
facilities in Europe and the USA, we will now have the ability to meet
customers requirements for collagen products in addition to ongoing
security of supply."
San Jose-based Chief Commercial Officer, Diane Mitchell added that
another key company strength is its ability to provide expert technical
support for customers, enabling them to translate research ideas into
commercial medical products: "From customer feedback it is clear that
university researchers, drug developers, and device manufacturers need
an industry partner experienced with collagen's characteristics and
uses. Collagen Solutions plc answers that need through a highly skilled
team offering both standard and customised collagen raw material supply,
in addition to expert development services and contract manufacturing."
For more information visit www.collagensolutions.co.uk
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