28th Sep 2015 08:38
LONDON (Alliance News) - Collagen components manufacturer Collagen Solutions PLC on Monday said it has signed a supply deal with Turkish medical devices company Yücel Medikal Ltd.
The agreement, about which no financial details were disclosed, covers the provision of collagen materials and support services for Yücel's Lyocoll local haemostatic product, which is currently on sale in Turkey. The product is used in surgery to control capillary and venous bleeding where conventional methods are either impractical or ineffective.
"Collagen Solutions is pleased to have signed another supply agreement with our valued customer Yucel to provide materials for their haemostatic product Lyocoll. This supply agreement further demonstrates the range of products that our medical grade collagens are suitable for and the global nature of our reach," said Stewart White, Collagen's chief executive.
Shares in Collagen were untraded on Monday morning, having last traded at 12.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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