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Pay vs Performance Disclosure
number in Millions
12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance Table
The following table provides the information required for our principal executive officer (“PEO”) and non-PEO NEOs for each of the fiscal years ended December 31, 2024, December 31, 2023, December 31, 2022, December 31, 2021, and December 31, 2020 along with the financial information required to be disclosed for each fiscal year:
Year (1)(2)(3)(4)
Summary
Compensation
Table
Total for
PEO
$
Summary
Compensation
Table
Total for
Former
PEO
$
Summary
Compensation
Table
Total for
Interim
PEO
$
Compensation
Actually
Paid to
PEO(5)
$
Compensation
Actually
Paid to
Former
PEO(5)(6)
$
Compensation
Actually
Paid to
Interim
PEO(5)(6)
$
Average
Summary
Compensation
Table
Total for
non-PEO
NEOs
$
Average
Compensation
Actually
Paid to
non-PEO
NEOs(5)
$
Year-end value of
$100 invested on
December 31,
2019 in:
Net (Loss) Income
(in millions)
$
Revenue
(in millions)
$
ANIP
$
Peer
Group(6)
$
20248,859,402 10,815,366 2,349,641 2,686,867 89.64 89.73 (18.5)614.4 
20238,078,353 15,098,347 2,082,118 3,238,815 89.41 91.86 18.8486.8 
20225,112,087 4,617,234 1,535,136 1,413,162 65.23 94.77 (47.9)316.4 
20216,541,060 10,473,389 1,927,619 2,846,757 74.72 139.98 (42.6)216.1 
20203,715,036 857,814 962,213 3,830,533 (2,920,400)627,223 2,429,358 689,160 47.09 144.89 (22.5)208.5 
       
Named Executive Officers, Footnote The PEO in each reporting year is our current Chief Executive Officer, Nikhil Lalwani.
(2)    The Former PEO in 2020 is Arthur Przybyl. Mr. Przybyl served as Chief Executive Officer through May 10, 2020.
(3)    The Interim PEO in 2020 is Patrick Walsh. Mr. Walsh served as Interim Chief Executive Officer from May 11, 2020 until September 8, 2020 when Mr. Lalwani commenced employment as Chief Executive Officer.
(4)    Our non-PEO NEOs includes the following executives by year:
a.2024: Stephen P. Carey, Christopher K. Mutz, Ori Gutwerg, Meredith W. Cook
b.2023: Stephen P. Carey, Chad Gassert, Ori Gutwerg, Christopher K. Mutz
c.2022: Stephen P. Carey, James G. Marken, Ori Gutwerg, Christopher K. Mutz
d.2021: Stephen P. Carey, James G. Marken, Ori Gutwerg, Christopher K. Mutz
e.2020: Stephen P. Carey, James G. Marken, Robert W. Schrepfer
       
Peer Group Issuers, Footnote (6)    The Peer Group is the S&P 600 Pharmaceuticals, Biotechnology and Life Sciences Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report on Form 10-K for the year ended December 31, 2024.        
Adjustment To PEO Compensation, Footnote
(5)    Deductions from, and additions to, total compensation in the Summary Compensation Table (“SCT”) by year to calculate CAP are shown in the tables below. The amounts reflected for fiscal years 2022 and 2023 have been revised from the amounts previously reported in last year's Proxy Statement in order to incorporate administrative corrections in the calculation of fair value for certain stock and option awards.
2024
2023
2022
2021
2020
PEO
($)
PEO
($)
PEO
($)
PEO
($)
PEO
($)
Former PEO
($)
Interim PEO
($)
Total Compensation from SCT
$8,859,402 $8,078,353 $5,112,087 $6,541,060 $3,715,036 $857,814 $962,213 
Adjustments for Equity Awards:
Subtraction: Value of Stock and Option Awards reported in SCT
(6,420,231)(5,756,142)(3,806,102)(4,369,205)(3,305,805)— (679,308)
Addition: Fair value at year-end of awards granted during the covered fiscal year that are outstanding and unvested at year-end
6,996,480 8,659,248 5,366,964 6,289,690 3,421,302 — 268,765 
Addition: Fair value at vest of awards granted and vested during the covered fiscal year
— — — — — — 205,508 
Addition (Subtraction): Year-over-year change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end
37,775 3,087,525 (1,067,419)2,092,579 — — — 
Addition (Subtraction): Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied at the end of or during the covered fiscal year
1,341,940 1,029,363 (988,296)(80,735)— (3,778,214)(129,955)
(Subtraction): Fair value at end of prior fiscal year of awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year
— — — — — — — 
Compensation Actually Paid (as calculated)
$10,815,366 $15,098,347 $4,617,234 $10,473,389 $3,830,533 $(2,920,400)$627,223 

Average non-PEO NEOs
2024
($)
2023
($)
2022
($)
2021
($)
2020
($)
Total Compensation from SCT
$2,349,641 $2,082,118 $1,535,136 $1,927,619 $2,429,358 
Adjustments for Equity Awards:
Subtraction: Value of Stock and Option Awards reported in SCT
(1,390,996)(1,151,185)(881,234)(1,147,142)(1,637,904)
Addition: Fair value at year-end of awards granted during the covered fiscal year that are outstanding and unvested at year-end
1,515,845 1,731,772 1,242,624 1,739,550 1,007,514 
Addition: Fair value at vest of awards granted and vested during the covered fiscal year
— — — — — 
Addition (Subtraction): Year-over-year change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end
(10,830)545,054 (232,291)295,425 (785,997)
Addition (Subtraction): Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied at the end of or during the covered fiscal year
223,207 31,056 (251,073)31,305 (323,811)
Compensation Actually Paid (as calculated)
$2,686,867 $3,238,815 $1,413,162 $2,846,757 $689,160 
All equity valuations for each covered fiscal year are calculated in accordance with the provisions of ASC Topic 718. See Note 15 to our audited consolidated financial statements appearing in our 2024 Annual Report on Form 10-K for assumptions underlying the valuations of equity awards.
       
Non-PEO NEO Average Total Compensation Amount $ 2,349,641 $ 2,082,118 $ 1,535,136 $ 1,927,619 $ 2,429,358
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,686,867 3,238,815 1,413,162 2,846,757 689,160
Adjustment to Non-PEO NEO Compensation Footnote
(5)    Deductions from, and additions to, total compensation in the Summary Compensation Table (“SCT”) by year to calculate CAP are shown in the tables below. The amounts reflected for fiscal years 2022 and 2023 have been revised from the amounts previously reported in last year's Proxy Statement in order to incorporate administrative corrections in the calculation of fair value for certain stock and option awards.
2024
2023
2022
2021
2020
PEO
($)
PEO
($)
PEO
($)
PEO
($)
PEO
($)
Former PEO
($)
Interim PEO
($)
Total Compensation from SCT
$8,859,402 $8,078,353 $5,112,087 $6,541,060 $3,715,036 $857,814 $962,213 
Adjustments for Equity Awards:
Subtraction: Value of Stock and Option Awards reported in SCT
(6,420,231)(5,756,142)(3,806,102)(4,369,205)(3,305,805)— (679,308)
Addition: Fair value at year-end of awards granted during the covered fiscal year that are outstanding and unvested at year-end
6,996,480 8,659,248 5,366,964 6,289,690 3,421,302 — 268,765 
Addition: Fair value at vest of awards granted and vested during the covered fiscal year
— — — — — — 205,508 
Addition (Subtraction): Year-over-year change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end
37,775 3,087,525 (1,067,419)2,092,579 — — — 
Addition (Subtraction): Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied at the end of or during the covered fiscal year
1,341,940 1,029,363 (988,296)(80,735)— (3,778,214)(129,955)
(Subtraction): Fair value at end of prior fiscal year of awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year
— — — — — — — 
Compensation Actually Paid (as calculated)
$10,815,366 $15,098,347 $4,617,234 $10,473,389 $3,830,533 $(2,920,400)$627,223 

Average non-PEO NEOs
2024
($)
2023
($)
2022
($)
2021
($)
2020
($)
Total Compensation from SCT
$2,349,641 $2,082,118 $1,535,136 $1,927,619 $2,429,358 
Adjustments for Equity Awards:
Subtraction: Value of Stock and Option Awards reported in SCT
(1,390,996)(1,151,185)(881,234)(1,147,142)(1,637,904)
Addition: Fair value at year-end of awards granted during the covered fiscal year that are outstanding and unvested at year-end
1,515,845 1,731,772 1,242,624 1,739,550 1,007,514 
Addition: Fair value at vest of awards granted and vested during the covered fiscal year
— — — — — 
Addition (Subtraction): Year-over-year change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end
(10,830)545,054 (232,291)295,425 (785,997)
Addition (Subtraction): Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied at the end of or during the covered fiscal year
223,207 31,056 (251,073)31,305 (323,811)
Compensation Actually Paid (as calculated)
$2,686,867 $3,238,815 $1,413,162 $2,846,757 $689,160 
All equity valuations for each covered fiscal year are calculated in accordance with the provisions of ASC Topic 718. See Note 15 to our audited consolidated financial statements appearing in our 2024 Annual Report on Form 10-K for assumptions underlying the valuations of equity awards.
       
Compensation Actually Paid vs. Total Shareholder Return
CAP and Cumulative TSR / Cumulative TSR of the Peer Group
53111
2019202020212022
2023
2024
Image 01.jpg PEO CAP
$3,831$10,473$4,617$15,098$10,815
Image 04.jpg Average non-PEO NEO CAP
$689$2,847$1,413$3,239$2,687
Image 05.jpg ANIP value of $100 Invested on 12/31/19
$100.00$47.09$74.72$65.23$89.41$89.64
Image 06.jpg Peer Group value of $100 Invested on 12/31/19
$100.00$144.89$139.98$94.77$91.86$89.73
In thousands, CAP for our Former PEO was $(2,920) in 2020 and $0 in each of 2021, 2022, 2023 and 2024, and CAP for our Interim PEO was $627 in 2020 and $0 in each of 2021, 2022, 2023 and 2024. These values have been omitted from the chart above for ease of readability.
       
Compensation Actually Paid vs. Net Income
CAP and Company Net Income (Loss)
53419
202020212022
2023
2024
Image 01.jpg PEO CAP
$3,831$10,473$4,617$15,098$10,815
Image 04.jpg Average non-PEO NEO CAP
$689$2,847$1,413$3,239$2,687
Image 05.jpg Net Income (Loss) ($Mil.)
$(23)$(43)$(48)$19$(19)
In thousands, CAP for our Former PEO was $(2,920) in 2020 and $0 in each of 2021, 2022, 2023 and 2024, and CAP for our Interim PEO was $627 in 2020 and $0 in each of 2021, 2022, 2023 and 2024. These values have been omitted from the chart above for ease of readability.
       
Compensation Actually Paid vs. Company Selected Measure
CAP and Company Revenue
53718
202020212022
2023
2024
Image 01.jpg PEO CAP
$3,831$10,473$4,617$15,098$10,815
Image 04.jpg Average non-PEO NEO CAP
$689$2,847$1,413$3,239$2,687
Image 05.jpg Revenue ($Mil.)
$208$216$316$487$614
In thousands, CAP for our Former PEO was $(2,920) in 2020 and $0 in each of 2021, 2022, 2023 and 2024, and CAP for our Interim PEO was $627 in 2020 and $0 in each of 2021, 2022, 2023 and 2024. These values have been omitted from the chart above for ease of readability.
       
Total Shareholder Return Vs Peer Group
CAP and Cumulative TSR / Cumulative TSR of the Peer Group
53111
2019202020212022
2023
2024
Image 01.jpg PEO CAP
$3,831$10,473$4,617$15,098$10,815
Image 04.jpg Average non-PEO NEO CAP
$689$2,847$1,413$3,239$2,687
Image 05.jpg ANIP value of $100 Invested on 12/31/19
$100.00$47.09$74.72$65.23$89.41$89.64
Image 06.jpg Peer Group value of $100 Invested on 12/31/19
$100.00$144.89$139.98$94.77$91.86$89.73
In thousands, CAP for our Former PEO was $(2,920) in 2020 and $0 in each of 2021, 2022, 2023 and 2024, and CAP for our Interim PEO was $627 in 2020 and $0 in each of 2021, 2022, 2023 and 2024. These values have been omitted from the chart above for ease of readability.
       
Tabular List, Table
Tabular List of Financial Performance Measures
In our assessment, the most important financial performance measures used to link CAP (as calculated in accordance with the SEC rules), to our PEO and non-PEO NEOs in 2024 to our performance were:
Revenue;
Adjusted EBITDA;
Adjusted EBITDA Growth Rate; and
Relative Total Shareholder Return.
       
Total Shareholder Return Amount $ 89.64 89.41 65.23 74.72 47.09
Peer Group Total Shareholder Return Amount 89.73 91.86 94.77 139.98 144.89
Net Income (Loss) $ (18,500,000) $ 18,800,000 $ (47,900,000) $ (42,600,000) $ (22,500,000)
Company Selected Measure Amount 614.4 486.8 316.4 216.1 208.5
Measure:: 1          
Pay vs Performance Disclosure          
Name •Revenue        
Measure:: 2          
Pay vs Performance Disclosure          
Name •Adjusted EBITDA        
Measure:: 3          
Pay vs Performance Disclosure          
Name •Adjusted EBITDA Growth Rate        
Measure:: 4          
Pay vs Performance Disclosure          
Name •Relative Total Shareholder Return        
Nikhil Lalwani [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 8,859,402 $ 8,078,353 $ 5,112,087 $ 6,541,060 $ 3,715,036
PEO Actually Paid Compensation Amount $ 10,815,366 $ 15,098,347 $ 4,617,234 $ 10,473,389 3,830,533
PEO Name Nikhil Lalwani Nikhil Lalwani Nikhil Lalwani Nikhil Lalwani  
Arthur Przybyl [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount         857,814
PEO Actually Paid Compensation Amount         (2,920,400)
PEO Name       Arthur Przybyl  
Patrick Walsh [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount         962,213
PEO Actually Paid Compensation Amount         627,223
PEO Name       Patrick Walsh  
PEO | Nikhil Lalwani [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (6,420,231) $ (5,756,142) $ (3,806,102) $ (4,369,205) (3,305,805)
PEO | Nikhil Lalwani [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 6,996,480 8,659,248 5,366,964 6,289,690 3,421,302
PEO | Nikhil Lalwani [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 37,775 3,087,525 (1,067,419) 2,092,579 0
PEO | Nikhil Lalwani [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Nikhil Lalwani [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,341,940 1,029,363 (988,296) (80,735) 0
PEO | Nikhil Lalwani [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Arthur Przybyl [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         0
PEO | Arthur Przybyl [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         0
PEO | Arthur Przybyl [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         0
PEO | Arthur Przybyl [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         0
PEO | Arthur Przybyl [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         (3,778,214)
PEO | Arthur Przybyl [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         0
PEO | Patrick Walsh [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         (679,308)
PEO | Patrick Walsh [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         268,765
PEO | Patrick Walsh [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         0
PEO | Patrick Walsh [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         205,508
PEO | Patrick Walsh [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         (129,955)
PEO | Patrick Walsh [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,390,996) (1,151,185) (881,234) (1,147,142) (1,637,904)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,515,845 1,731,772 1,242,624 1,739,550 1,007,514
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (10,830) 545,054 (232,291) 295,425 (785,997)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 223,207 $ 31,056 $ (251,073) $ 31,305 $ (323,811)