1 EXHIBIT 21.1 COLLAGEN CORPORATION Subsidiaries* of Collagen Corporation The Registrant owns the following percentages of the outstanding voting securities of the following corporations, which are included in the Registrant's consolidated financial statements (other than Target Therapeutics, Inc. which is accounted for under the equity method in years ended June 30, 1995, 1994, and 1993). Percent Ownership of Outstanding Voting Securities @ September 1, 1995** Name Jurisdiction of Incorporation - ----------------------------------------------------------------------------------------------------------- Target Therapeutics, Inc. 24% Delaware Collagen International, Inc. 100% Delaware Collagen Biomedical Pty., Limited 100% Australia Collagen Vertrieb biomedizischer Produkte Ges m.b.H. 100% Austria Collagen SA 100% Belgium Collagen Canada Ltd. 100% Canada Collagen SARL 100% France Collagen GmbH 100% Germany Collagen S.r.l. 100% Italy Collagen Luxembourg S.A. 100% Luxembourg Collagen B.V. 100% Netherlands Collagen AG 100% United Kingdom Collagen International Sales Corporation 100% Virgin Islands __________________________________ * Excludes certain subsidiaries, which, considered in the aggregate as a single subsidiary, did not constitute a significant subsidiary as of June 30, 1995. ** Excludes LipoMatrix, Incorporated, in which Registrant agreed to increase its ownership from 40% to 90%, on a fully-diluted basis, on August 22, 1995.