Collagen Solutions plc (AIM:COS) provided an update on the Company's strategic review and formal sale process and receipt of multiple indications of interest. As part of the formal sale process or the sale of one of more of the Company's assets, parties were requested to submit an indication of interest to the Company's financial advisers by no later than 5.00 p.m. (London time) on May 15, 2020. The Company has received indications of interest in respect of (i) a purchase of the Company as a whole (ii) a purchase or investment in a part of the business of the Company and (iii) a refinancing of the Company. The Company looks forward to engaging with relevant parties in a constructive and positive manner with a view to optimising value for shareholders. There can be no certainty that an offer will be made, nor as to the terms on which any offer will be made, or that any transaction will ensue. The Board reserves the right to alter any aspect of the process or to terminate it at any time and will make further announcements when appropriate.