Sedana Medical AB (publ) in final deal with Teleflex Medical Incorporation
Sedana Medical AB (publ) (Sedana Medical) has reached an agreement with the American medical device corporation Teleflex Medical Incorporation (Teleflex) to finally make a settlement of current royalty agreement for the AnaConDa products.Since the acquisition of AnaConDa technology by Teleflex in 2005, Sedana Medical has paid royalty on the sale of AnaConDa products. In connection with this deal, Sedana Medical pays a one-off amount of $ 750,000 instead of the remaining $ 1,051,000 of royalties, which means a significant saving. This means that Sedana Medical's all royalties and any other