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Kensey Nash Authorizes 400,000 Share Buyback

December 11, 2009 (FinancialWire) — Kensey Nash Corp.’s (NASDAQ: KNSY) said its board of directors has approved a stock repurchase. The new program allows the company to repurchase up to a total of 400,000 of its issued and outstanding shares of common stock and has no scheduled expiration.

The company said it intends to finance the repurchases using its available cash. As of November 30, 2009, the company had approximately 11,008,568 shares of common stock outstanding.

Pennsylvania-based Kensey Nash is engaged in developing, manufacturing and processing resorbable biomaterial products, incorporating its proprietary collagen and synthetic polymer technology.

The company has a range of products, which are sold in multiple medical markets, including, the cardiology, orthopedic, sports medicine, spine, endovascular and general surgery markets.

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