ConforMIS Inc (CFMS) Announces Achievement of Third Milestone Under Development and License Agreements
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Conformis Announces Achievement of Third Milestone Under Development and License Agreements
April 22, 2021 4:30 PM EDTBILLERICA, Mass., April 22, 2021 (GLOBE NEWSWIRE) -- Conformis, Inc. (NASDAQ: CFMS) announced today that it received 510(k) clearance by the U.S. Food and Drug Administration for patient-specific instrumentation (PSI) developed by the Company under its License Agreement and Development Agreement with Howmedica Osteonics Corp., a wholly owned subsidiary of Stryker Corporation also known as Stryker Orthopaedics. With the clearance of this PSI system, which is designed for use with Strykers Triathlon® Total Knee System, the Company has achieved the third of three milestones under the agreements and will receive $11.0 million from... More
