The Conformis Inc (NASDAQ:CFMS) stock was on the move yesterday and went up by as much as 4% after the company made a major announcement with regards to one of its products.
On Wednesday, the company announced that the very first procedure through the deployment of the Conformis Identity Imprint knee replacement system had been completed. It is a major milestone for the company and it is no surprise that it led to a fair degree of optimism about the Conformis stock. The Identity Imprint system uses algorithms by way of which it can identify just the right implant for those who are looking for knee replacements.
The system helps in selecting the knee replacement that is most suited in terms of the specific anatomical and geometric requirements of the individual. The company announced that the surgery had been completed successfully on August 16 at the Stratham Ambulatory Surgical Center located in Stratham in New Hampshire. Identity Imprint is particularly helpful for those who decided not to wait for personalised implants. By way of this system, an individual can get the delivery of the implant in a matter of three weeks. Investors could consider keeping the Conformis stock in their watch lists this week.