Answer: Anika Therapeutics, Inc., together with its subsidiaries, develops, manufactures and commercializes therapeutic products for tissue protection, healing and repair in the United States, Europe, and internationally. The Company is a leader in the viscosupplemention market with activities in multiple additional markets, including orthopedic and regenerative medicine, dermal products, surgical products, ophthalmic products and veterinary products. Anika's products are based on hyaluronic acid (HA) technology, a naturally occurring, biocompatible polymer found throughout the body, which acts to enhance joint function, to coat, protect, cushion and lubricate soft tissues, and to support skin structure and elasticity.
Anika was founded in 1992.
Anika is traded on the Nasdaq Global Select Market under the symbol ANIK.
Anika’s fiscal year ends December 31.
With 20 years of experience in its field, Anika has many competitive strengths including:
- Unique expertise in efficiently manufacturing extremely pure, high molecular weight HA-based products with exceptional safety profiles in state-of-the-art manufacturing facility located at the company's headquarters.
- Viscosupplementation products contain highest concentration of non-animal sourced HA among competitors providing for maximum effectiveness at lower injectable volumes.
- Strong product pipeline will continue to allow the company to deliver new and improved products to the market.
- Strong brand recognition as a result of robust distribution network.
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For detailed information about Anika’s Board of Directors, click here.
Anika has never declared a cash dividend on its common stock, nor does it presently have any plans to initiate a dividend program.
On May 2, 2019, Anika announced that the board of directors had approved a stock repurchase plan to acquire up to $20 million of shares of common stock from time to time in open market transactions.
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Deloitte LLP is Anika’s accounting firm.
K&L Gates LLP serves as the Company’s outside general legal counsel.
Anika’s CUSIP number is 035255 10 8.
Chief Financial Officer