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Kirby McInerney LLP Announces Investigation Against Anika Therapeutics, Inc. (ANIK) on Behalf of Investors

1. Kirby McInerney LLP is investigating Anika for potential securities violations. 2. Anika's clinical trial for Hyalofast failed to meet co-primary endpoints. 3. Shares dropped by 27.42% to $8.10 following the trial's disappointing results. 4. Higher dropout rates and missed visits affected the trial outcomes. 5. Investigation may impact shareholder confidence and stock value.

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FAQ

Why Very Bearish?

Significant stock drop following clinical trial results indicates investor pessimism. Historically, failures in key trials often lead to substantial declines in market value.

How important is it?

The ongoing investigation and failed trial results are critical for investor sentiment and market positioning. Anika's future growth and stock stability are highly contingent on resolving these issues.

Why Short Term?

The immediate fallout from the clinical trial and investigation concerns are likely to affect share price rapidly. Past incidents of negative trial outcomes have often resulted in swift market reactions.

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NEW YORK, Aug. 01, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against Anika Therapeutics, Inc. (“Anika” or the “Company”) (NASDAQ:ANIK). The investigation concerns whether Anika and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. [LEARN MORE ABOUT THE INVESTIGATION] On July 30, 2025, Anika issued a press release announcing topline results from its clinical trial of Hyalofast, “a resorbable, hyaluronic acid scaffold used in conjunction with autologous bone marrow aspirate concentrate (BMAC) for cartilage repair.” The press release stated that “[w]hile Hyalofast demonstrated consistent improvements in treated patients across all measures of pain and function relative to microfracture, the study did not meet its pre-specified co-primary endpoints. The study was likely impacted by both a higher subject dropout rate in the microfracture arm and missed visits during COVID. This resulted in missing data, which reduced the evaluable sample size and complicated the statistical analysis.” On this news, the price of Anika shares declined by $3.06 per share, or approximately 27.42%, to close at $8.10 per share on July 30, 2025. If you purchased or otherwise acquired Anika securities, have information, or would like to learn more about this investigation, contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or by filling out the form below to discuss your rights or interests with respect to these matters without any cost to you. [CONTACT US] Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. ContactsKirby McInerney LLPThomas W. Elrod, Esq.212-699-1180https://www.kmllp.cominvestigations@kmllp.com

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