Health and Healthcare
St. Jude, Device Maker Settle Royalty Dispute (STJ, KNSY)
Published:
St. Jude Medical Inc. (NYSE: STJ) has settled a royalty dispute with medical device maker Kensey Nash Corp. (NASDAQ: KNSY) over a device that St. Jude licensed from Kensey in 1999. The settlement amount is $39 million to be paid to Kensey in 12 quarterly installments beginning March 31st.
Shares in St. Jude Medical are down about -1% at $42.42 in a 52-week range of $32.13-$54.18. Kensey Nash shares are up more than 21% at $29.80 after posting a new 52-week high of $30.39 earlier this morning.
The Average American Is Losing Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.
Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.
But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
