Anika Therapeutics Inc. (ANIK) Is Sinking On Phase 3 Study Results

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(RTTNews.com) - Anika Therapeutics Inc. ( ANIK ) announced after the bell Tuesday that its Phase 3 study of CINGAL 16-02 in patients with knee osteoarthritis failed to reach statistical significance in terms of the primary endpoint.

Anika Therapeutics gapped open sharply lower Wednesday morning and is now down 15.19 at $30.92 on strong volume. The stock has dropped to a new low for the year.

Read the original article on RTTNews (http://www.rttnews.com/2906882/anika-therapeutics-inc-anik-is-sinking-on-phase-3-study-results.aspx)

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This article appears in: World Markets , Stocks , Technology
Referenced Symbols: ANIK

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