Nordion settles lawsuit with Atomic Energy of Canada

|About: Nordion Inc. (NDZ)|By:, SA News Editor

Nordion (NDZ +7%) gains after announcing it's settled a dispute with isotope supplier Atomic Energy of Canada, receiving C$15M in cash.

Under the terms of the agreement, Atomic Energy has also released its C$47M claim against NDZ for arbitration costs while NDZ dropped its countersuit.

The two parties have also agreed on a new isotope supply agreement running through October 31, 2016.