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Anika Therapeutics, an orthopedic medicines company, is paying $95 million up front for two privately held firms that make joint replacement products as it seeks to broaden its pipeline.

Anika — which may be unfamiliar to most people but has a market value of more than three quarters of a billion dollars — said Monday that it was buying Arthrosurface of Franklin, Mass., for $60 million and Parcus Medical of Sarasota, Fla., for $35 million.

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