Why 3D Systems Stock Just Popped 10%
Last week, shares of 3D printer maker 3D Systems (NYSE: DDD) enjoyed a big 11% pop on some pretty small-beans news -- the announcement that a little "edible culinary figures" company would be using its printers to print cake decorations and similar stuff. I have to admit that I was pretty underwhelmed with the announcement, and surprised at investors' reaction to it -- but today's news may be more worthy of attention.
On Monday, 3D announced that it is teaming up with yet another company -- Israel's CollPlant Biotechnologies -- to use the former's 3D printers and the latter's "proprietary recombinant human collagen (rhCollagen) BioInk technology" to "jointly develop tissue and scaffold bioprinting processes for third party collaborators."
Image source: Getty Images.
Source Fool.com
