Sam Brusco, Associate Editor03.02.22
Conformis is suspending all distribution operations to Russia and any Russian-based entities, effective immediately. Until further notice, the company will not pursue future business development opportunities in Russia.
Conformis had recently entered a distribution agreement for its devices in the country.
“To support our continued expansion into international markets, we had recently entered into a distribution arrangement for representation of our orthopedic devices in Russia,” Mark Augusti, Conformis president and CEO told the press. “While we were looking forward to working with our agents and surgeons in Russia, we believe it is important that our business aligns with our values. Therefore, we have notified our representatives that we would not be starting our distribution operations in Russia. We will monitor this closely and look to resume development when appropriate.”
Augusti added, “The orthopedic industry strives to make life better for patients and their families. We feel empathy for the Russian people and potential patients of Conformis, who may have benefited from our products. However, given the unnecessary and unprovoked military invasion of Ukraine instigated by the Russian leadership, we can no longer in good conscience, sell our products or services in the Russian market. We urge other global companies to respond in similar fashion. Our thoughts and prayers go out to the people of Ukraine and the relatives of Conformis employees who live there.”
Conformis had recently entered a distribution agreement for its devices in the country.
“To support our continued expansion into international markets, we had recently entered into a distribution arrangement for representation of our orthopedic devices in Russia,” Mark Augusti, Conformis president and CEO told the press. “While we were looking forward to working with our agents and surgeons in Russia, we believe it is important that our business aligns with our values. Therefore, we have notified our representatives that we would not be starting our distribution operations in Russia. We will monitor this closely and look to resume development when appropriate.”
Augusti added, “The orthopedic industry strives to make life better for patients and their families. We feel empathy for the Russian people and potential patients of Conformis, who may have benefited from our products. However, given the unnecessary and unprovoked military invasion of Ukraine instigated by the Russian leadership, we can no longer in good conscience, sell our products or services in the Russian market. We urge other global companies to respond in similar fashion. Our thoughts and prayers go out to the people of Ukraine and the relatives of Conformis employees who live there.”