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Business
Anika Therapeutics Buys Biopolymer Firm
by Ann M. Thayer
January 11, 2010
| A version of this story appeared in
Volume 88, Issue 2
Anika Therapeutics has acquired Fidia Advanced Biopolymers, a subsidiary of Italy’s Fidia Farmaceutici, for $17 million in cash and nearly the same amount in stock. With about $11 million in annual revenues, FAB produces hyaluronic acid-based fiber, film, and textile biomaterials used in medical applications such as regenerating connective and structural tissues damaged by injuries, age, or disease. Anika gains manufacturing operations, laboratories, and about 50 employees.
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