Kensey Nash (KNSY) Enters Mediation with St. Jude (STJ), Announces Royalty Rate Cut, Withdraws Guidance
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Kensey Nash (Nasdaq: KNSY) enter into mediation with St. Jude (NYSE: STJ) over Angio-Seal contract disputes; royalty rate cut to 2%.
Kensey Nash has withdrawn its earnings guidance. Sees the rate cut reducing the December quarter forecast by 14 cents per share.
Kensey Nash has withdrawn its earnings guidance. Sees the rate cut reducing the December quarter forecast by 14 cents per share.
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