3rd May 2016 07:18
LONDON (Alliance News) - Medical-grade collagen components developer Collagen Solutions PLC Tuesday said it appointed a new chief executive, and reported that full-year revenue outpaced its expectations.
Collagen said Jamal Rushdy has been appointed chief executive, having joined the group as chief business officer in November 2015. Prior to this, he worked as vice-president at Tornier Inc, a US-based orthopaedics and biologics company.
Stewart White, who Rushdy will replace in the CEO role, will move to chief scientific officer.
Collagen also said revenue for the year to the end of March was around GBP3.2 million, ahead of its GBP2.8 million guidance. It said the improvement was driven by early benefits from a new sales process put in place.
Collagen shares were up 2.0% to 6.5 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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