MASHINIi

Anika Therapeutics Inc..

ANIK.US | Manufacture of pharmaceuticals, medicinal chemical and botanical products

Anika Therapeutics, Inc. is a global medical technology company that develops, manufactures, and commercializes therapeutic solutions based on hyaluronic acid (HA). The company's products are used in joint preservation, restoration, and regenerative solutions, primarily for the treatment of osteoart...Show More

Ethical Profile

Mixed.

Anika Therapeutics Inc. presents a mixed ethical picture. The company has been linked to animal testing, with reports from crueltyfreeinvesting.org indicating the use of rats for medical device development. While Anika's Monovisc product offers significant pain relief for osteoarthritis, its price point of ₹16,195.00 in India raises questions about accessibility. The majority of their portfolio (80-85%) delivers substantial health benefits, focusing on non-invasive treatments. However, detailed information on fair pay, ethical sourcing, honest business practices, and environmental impact is largely unavailable, making a comprehensive assessment challenging.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-10
-100100
Kind to Animals-40
-100100
No War, No Weapons0
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech10
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

0

Anika Therapeutics' core business is developing therapeutic solutions based on hyaluronic acid for joint preservation, restoration, and regenerative solutions, primarily for osteoarthritis.

1
Products like Monovisc, Orthovisc, Cingal, and Hyalofast are described as providing pain relief for up to six months, requiring fewer office visits, having lower treatment costs, and involving no downtime, indicating exceptional health benefits.
2
There is no evidence of the company generating revenue from products with well-established negative health outcomes.
3
For Monovisc, warnings regarding pregnancy, breastfeeding, elderly patients, allergies, and drug interactions are included, along with a list of common and rare side effects such as joint pain, inflammation, rash, and headache.
4

Fair Money & Economic Opportunity

0

Anika Therapeutics Inc. is a medical technology company focused on therapeutic solutions.

1
The provided articles discuss the company's stock performance, financial results, and equity incentive programs. None of the articles contain any specific, concrete data points or information related to financial services, lending practices, or economic opportunity initiatives. Therefore, no KPIs under the 'Fair Money & Economic Opportunity' value can be scored based on the evidence provided, as the company's core business does not involve financial services.

Fair Pay & Worker Respect

0

No evidence available to assess Anika Therapeutics Inc. on Fair Pay & Worker Respect.

Fair Trade & Ethical Sourcing

0

No evidence available to assess Anika Therapeutics Inc. on Fair Trade & Ethical Sourcing.

Honest & Fair Business

-10

Anika Therapeutics Inc. incurred $10,500 in ethics-related regulatory fines in the past three years, specifically a workplace safety or health violation in 2025.

1
The company has a comprehensive Whistleblower Policy, effective August 30, 2016, which applies to all employees and the board, includes a non-retaliation clause, and provides anonymous reporting channels (hotline and online system).
2
The company has had zero financial restatements in the past five years, with a filing indicating no corrections to previously issued financial statements.
3
Anika has a comprehensive anti-corruption policy, including compliance with the Foreign Corrupt Practices Act, and conducts annual training with risk assessments and third-party due diligence.
4
The median time to close ethics complaints is generally within 60 days.
5

Kind to Animals

-40

Anika Therapeutics tests medical devices on animals, specifically rats.

1
The company does not disclose the number of animals used annually or provide transparent reduction targets.
2
However, several of its core products, including Monovisc, Orthovisc, Cingal, and the Integrity implant, utilize non-animal sourced hyaluronic acid or substitute animal-derived materials with semi-synthetic alternatives.
3
This indicates that at least 50% of its product inputs are ethical alternatives.

No War, No Weapons

0

No evidence available to assess Anika Therapeutics Inc. on No War, No Weapons.

Planet-Friendly Business

0

No evidence available to assess Anika Therapeutics Inc. on Planet-Friendly Business.

Respect for Cultures & Communities

0

Anika Therapeutics has no reported cultural appropriation incidents.

1
The company's 10-K filings from 2026 and 2025 do not mention any such incidents.
2

Safe & Smart Tech

10

The company has an ongoing mandatory cybersecurity training program for all employees, which includes routine attack simulations.

1
It conducts penetration testing and vulnerability assessments as part of its cybersecurity risk management program, and performs periodic security assessments in collaboration with key stakeholders.
2
The company states it has taken steps to comply with the GDPR, including reviewing security procedures and entering into data processing agreements with service providers.
3
It is subject to various data privacy laws including GDPR, UK GDPR, CCPA, CPRA, and Washington’s My Health My Data Act.
4

Zero Waste & Sustainable Products

0

No evidence available to assess Anika Therapeutics Inc. on Zero Waste & Sustainable Products.

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.