Joint preservation company Anika has entered into a cooperation agreement with investment firm Caligan Partners.
As part of the agreement, Anika appointed Gary Fischetti, who has held leadership positions at Johnson & Johnson and DePuy Synthes, to its board as a class three director. He will join two existing board members on a new capital allocation committee, according to an April 13 press release.
The Anika board will now have eight directors, adding six since 2018. The new board has also authorized a $20 million share repurchase program.