3D Systems jumps after announcing dental contract award

3D Systems

05/06/2024 11:50

** 3D Systems'  DDD.N  shares up 11.3% to $3.85 premarket
after 3D printing firm said it inked largest contract award in
its history
    ** Co late Tues announced the contract, which will support
manufacturing of clear dental aligners, is worth nearly $250 mln
over five years
    ** Targeting commercial launch of direct printing technology
for clear dental aligners for late 2025, co said
    ** It also said anticipates U.S. FDA clearance of its
denture solution in second half of this year
    ** DDD shares have lost ~46% YTD. Stock was trading around
$9 a year ago

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))