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安妮卡与卡利根合作伙伴签署合作协议,宣布回购

2024-05-29 04:35

  • Anika Therapeutics (NASDAQ:ANIK) entered into a cooperation agreement with Caligan Partners LP.
  • 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.
  • In addition, the Anika Board of Directors has authorized a $40M share repurchase program, $15M 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.
  • This new buyback authorization replaces the company’s share repurchase program announced in April 2023.
  • The Anika Board will temporarily expand to ten directors until the retirement of current Anika director Jeffery Thompson is effective at the 2024 Annual Meeting of Stockholders.
  • Under the terms of the cooperation agreement, Caligan has agreed to support the Board’s full slate of directors at the 2024 Annual Meeting.
  • Source: Press Release

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