Syncor Says Labor Dispute May Cost Firm $400,000
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A labor dispute in Canada stopped the supply of a key product for Syncor International Corp., and the Woodland Hills company said as a result it lost about $1.4 million in potential sales, which would cut its net income $300,000 to $400,000.
A six-day labor dispute at a nuclear reactor in Chalk River, Ontario, led to a temporary shortage of molybdenum, an isotope used in the production of nuclear medicines.
But a labor agreement was reached last month to solve the dispute, and Syncor expects to begin receiving its usual shipments this month.
Syncor is a maker and seller of radiopharmaceutical products, which are used to diagnose illnesses and for therapy, and are sold through 129 nuclear pharmacies.
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