Anika Therapeutics Announces U.S. Distribution Agreement with Coapt Systems
for Aesthetic Dermatology Franchise
Anika Gains Access to Coapt Systems’ Experienced Technical Sales Force
BEDFORD, Mass.--(BUSINESS WIRE)--Anika Therapeutics, Inc. (NASDAQ: ANIK) today announced that it has signed an exclusive U.S. distribution agreement with Palo Alto, California-based Coapt Systems, Inc. for its aesthetic dermatology franchise. Coapt Systems’ suite of bioabsorbable implants for use in facial aesthetic and rejuvenation procedures is highly complementary to Anika’s HA-based injectable filler that corrects lines and wrinkles on the face.
Under the terms of the agreement, Coapt Systems will distribute Anika’s aesthetic dermatology product exclusively in the United States for five years and there are two additional renewable terms. Developing line extensions for the aesthetic dermatology franchise will be a priority as Anika and Coapt Systems fill out the family of products.
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