Anika Announces Strategic Update of Business with Sale of Arthrosurface and Plan to Divest Parcus Medical
Anika Therapeutics(ANIK) GlobeNewswire News Room·2024-10-31 19:00
BEDFORD, Mass., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Anika Therapeutics, Inc. (NASDAQ: ANIK), a global joint preservation company focused on early intervention orthopedics, today announced the divestiture of its Arthrosurface business and the intention to divest of the Parcus Medical business. These decisions are the result of the Company’s ongoing company-wide strategic review. Management Commentary “The goal of our previously announced strategic review is to drive the most optimal capital allocation struct ...