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Stock impact report

Anika Completes Divestiture of Parcus Medical

Anika Therapeutics Inc. (ANIK) 
Last anika therapeutics inc. earnings: 2/20 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.anikatherapeutics.com/investor-relations
Company Research Source: GlobeNewswire
BEDFORD, Mass., March 07, 2025 (GLOBE NEWSWIRE) -- Anika Therapeutics, Inc. (NASDAQ: ANIK), a global leader in the Osteoarthritis Pain Management and Regenerative Solutions space focused on early intervention orthopedics, today announced the completion of the previously announced planned divestiture of its Parcus Medical business. Management Commentary“The sale of Parcus marks a critical step forward as we achieve the goals of our previously announced strategic review. We are better positioned than ever to fully focus on our core hyaluronic acid technology and advance our differentiated and growing Regenerative Solutions portfolio.” said Cheryl R. Blanchard, Ph.D., President and Chief Executive Officer of Anika Therapeutics. Parcus Medical Sale CompletedThe sale of Parcus Medical to Medacta Group SA closed today, March 7, 2025 for an undisclosed amount. The sale was completed with total cash consideration received at closing, subject to customary post-closing adjustments. Anika an Show less Read more
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