Collagen Solutions plc (AIM:COS) announced that following the receipt of interest in the company, it has decided to conduct a formal review of the various strategic options available to the company to maximize value for shareholders. These options include, but are not limited to, the potential sale of the Company or the sale of one or more of the company's assets. To facilitate discussions with interested parties the company announces the commencement of a "formal sale process" as set out by The Takeover Code. The Board has appointed England & Company, LLC and Goodbody Stockbrokers as Joint Financial Advisers. Parties with a possible interest in submitting an indication of interest should contact England & Company or Goodbody. Any interested party, will be required to enter into a non-disclosure agreement with the Company on reasonable terms satisfactory to the Board and on the same terms, in all material respects, as other interested parties before being permitted to participate in the process. Following execution of such an agreement, the Company intends to provide interested parties with information on the Company, following which, such parties will be invited to submit an indication of interest to the Company.