Kensey Nash (KNSY) Enters Mediation with St. Jude (STJ), Announces Royalty Rate Cut, Withdraws Guidance

December 16, 2011 7:33 AM EST
Get Alerts KNSY Hot Sheet
Price: $38.46 --0%

Financial Fact:
Total revenues: 22.16M

Today's EPS Names:
GWPH, KZ, More
Trade KNSY Now!
Join SI Premium – FREE
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Kensey Nash has withdrawn its earnings guidance.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.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Guidance, Hot Guidance, Litigation, Trading Halts

Related Entities


Add Your Comment