Shares in Glasgow-based Collagen Solutions edged higher yesterday following an update from the medical materials specialist on continuing talks to sell all or part of the business.

Following last week’s deadline for submitting expressions of interest, AIM-listed Collagen Solutions has received indications about a potential purchase of the company as a whole, as well as a “purchase or investment in a part of the business”. There has also been interest in a refinancing of the company.

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Collagen Solutions put itself up for sale in April after previously warning of “materially greater” losses in its last financial year. A further update will be issued “when appropriate”.