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Stock impact report

Anika Enters into Cooperation Agreement with Caligan Partners [Yahoo! Finance]

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: Yahoo! Finance
BEDFORD, Mass., May 28, 2024 (GLOBE NEWSWIRE) -- Anika Therapeutics, Inc . (NASDAQ: ANIK), a global joint preservation company in early intervention orthopedics, today announced that it has entered into a cooperation agreement with Caligan Partners LP (“Caligan”). As part of the agreement, Joseph Capper, CEO of MIMEDX, and William Jellison, former CFO of Stryker, have been appointed to the Company's Board of Directors, effective immediately. Messrs. Capper and Jellison have nearly 50 years of combined experience building value and driving transformative growth at MedTech companies, and both will serve on the Capital Allocation Committee. In addition, the Anika Board of Directors has authorized a $40 million share repurchase program, $15 million of which will be effected through a 10b5-1 plan to be completed by June 30, 2025, and the remainder of which will be purchased in the open market through June 30, 2026, subject to prevailing stock prices, general economic and market conditio Show less Read more
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