Brief: Alliqua Biomedical sees 2016 revenue $20 mln to $22 mln

Adynxx

07/07/2016 12:30

July 7 (Reuters) - Alliqua Biomedical Inc  ALQA.O : 
    * Alliqua Biomedical Inc and BSN Medical Inc announce 
definitive agreement on distribution rights for Sorbion dressing 
products in the U.S., Canada and Latin America; Alliqua updates 
fiscal year 2016 outlook 
    * Sees FY 2016 revenue $20 million to $22 million 
    * Will use about $1.75 million of proceeds of deal to reduce 
outstanding debt balance in accordance with credit agreement 
    * Updating revenue guidance for fiscal year 2016 to account 
for expected impact of deal of distribution rights for Sorbion 
products 
    * BSN to pay co up to $4.4 million for purchase by BSN of 
rights out of co's existing distribution deal with former 
Sorbion GMBH & Co KG 
    * FY 2016 revenue view $21.9 million -- Thomson Reuters 
I/B/E/S 
 
Source text for Eikon:  ID:nGNXMXDATa  
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