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Anika Therapeutics Inc receives FDA approval for MONOVISC

Tuesday, 25 Feb 2014 03:59pm EST 

Anika Therapeutics Inc:Receives marketing approval for MONOVISC from the U.S. Food and Drug Administration (FDA).Says MONOVISC is the first FDA approved single injection product with HA from a non-animal source.Says MONOVISC will be marketed in the U.S. by DePuy Synthes, Mitek Sports Medicine (Mitek).Says under the license agreement with Mitek, Anika will receive a milestone payment of $5 mln upon first commercial sale of MONOVISC in the market. 

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