# Stryker and Conformis sign $30M licensing and distribution agreement

Stryker entered into a licensing, development and distribution agreement with Conformis for patient-specific joint replacement instrumentation. Stryker paid $14 million upfront with up to $16 million in milestone payments.

- Type: Contract
- Announced: 2019-10-01
- Where: United States
- Value: $30.0M
- Status: announced
- Products: patient-specific joint replacement instrumentation, knee implants
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Stryker](https://endata.com/companies/15355.md) (customer)
- [Conformis](https://endata.com/companies/42492.md) (supplier)

## Sources

- [beckersspine.com](https://www.beckersspine.com/spinal-tech/stryker-buys-patient-specific-implant-tech-from-conformis-for-up-to-30m-4-details/), 2019-10-02: "Conformis entered into a licensing agreement for its patient-specific joint replacement instrumentation technology with Stryker."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.