Restor3d acquires Conformis for $16M in cash for stock.

Restor3d to acquire Conformis for $2.27 per share (MassDevice)
websites: https://www.restor3d.com/ https://www.conformis.com/

This ends the death spiral for Conformis.
ConforMIS was founded in 2004 and went public in 2015. The company had around 300 employees and has raised an amazing $523M.
Great products, terrible business model. Conformis will always be known for paving the way for mass personalized TKAs, but they were never able to make a profit. Last year, $62M in gross sales, but Conformis somehow lost $50M. Ouch!

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Resto...