EXTON, Pa., Feb. 9 /PRNewswire-FirstCall/ -- Kensey Nash Corporation today announced that its board of directors has approved a new stock repurchase program. The new program allows the Company to repurchase an additional $30 million of its issued and outstanding shares of Common Stock, in addition to approximately $3 million currently remaining under the previously announced repurchase program, and has no scheduled expiration. The Company intends to finance the repurchases using its available cash and liquid investments.
About Kensey Nash Corporation. Kensey Nash Corporation is a medical device company primarily focused on regenerative medicine utilizing its proprietary collagen and synthetic polymer technology. The Company is recognized as a leader for innovative product development and unique technology in the field of resorbable biomaterials. The Company has an extensive range of products, which are sold through strategic partners in multiple medical markets, including, the cardiology, orthopedic, sports medicine, spine, endovascular and general surgery markets.
Kensey Nash Corporation
