its shares were trading at around $3; in mid-December 2016 the company's shares fell around 50% when it announced layoffs and the departure of its CEO and chief operating officer in the face of sales continuing to fall below expectations. In 2015 venture capital companies invested $118 million in companies addressing infertility and in 2016 they invested around $100 million; along with OvaScience, other companies with significant investment included Natera, Femasys, and Progyny. On August 9, 2018, a merger agreement was announced between OvaScience and Millendo Therapeutics, Inc., in a reverse merger transaction, where Millendo's leadership team and development pipeline would continue on post-transaction. See also Mitochondrial replacement therapy References External links Biotechnology companies of the United States Biotechnology companies established in 2011