Conformis up on multi-year orthopedic implants deal

ConforMIS

02/08/2022 10:55

** Shares of medical device company Conformis  CFMS.O  rise
~8% to 27 cents premarket
    ** Co enters into a multi-year agreement with healthcare
consultancy Vizient Inc for personalized orthopedic implants
 urn:newsml:reuters.com:*:nGNX8qTgC1
    ** Under the deal, CFMS knee and hip implants will be
available to Vizient's membership base, comprising thousands of
health systems across the U.S.
    ** Brokerage Cowen says it is encouraged by the agreement as
it should increase awareness of CFMS technology and may be
supportive to future adoption and utilization trends
    ** CFMS shares down 66.51% YTD, as of last close

 (Reporting by Mrinalika Roy in Bengaluru)
 ((mrinalika.roy@thomsonreuters.com;))