Anika Closes Divestiture Of Its Arthrosurface Business And Intention To Divest Of Parcus Medical Business

Anika Therapeutics, Inc.

Anika Therapeutics, Inc.

ANIK

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The sale of the Company's Arthrosurface business to Phoenix Brio, Incorporated closed today, October 31, 2024. The Company received consideration of $10 million in the form of a ten year non-interest bearing promissory note for $7 million, and an estimated $3 million of additional consideration subject to the sales performance of Arthrosurface.

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