TELA Bio, Inc. - TELA STOCK NEWS

TELA Bio, Inc. (Nasdaq: TELA) has appointed Bruce Freedman, M.D., FACS as Vice President of Clinical Development. With over 30 years in hernia repair, Dr. Freedman advocates for natural hernia mesh alternatives, specifically the OviTex Reinforced Tissue Matrix, designed to reduce foreign body responses. He will leverage his experience to promote the clinical and financial benefits of TELA's innovative products to surgeons and hospital administrators. This strategic hire aims to enhance patient access to safer hernia repair options, distinguishing TELA from larger competitors.

TELA Bio, Inc. is preparing to participate in the Piper Sandler 32nd Annual Virtual Healthcare Conference from December 1-3, 2020. The company specializes in medical technology, developing innovative tissue reinforcement materials for soft tissue reconstruction. Their products aim to address gaps in existing biologics and reduce the long-term risks of permanent synthetic materials. Interested parties can access the fireside chat presentation link through TELA's investor relations page.

TELA Bio, Inc. (NASDAQ: TELA) reported third-quarter 2020 revenues of $5.3 million, a 34% increase year-over-year. This growth was tempered by lower than expected procedural volumes due to COVID-19. Gross profit reached $3.3 million, representing a 62% margin, down from 66% the previous year. Operating expenses rose to $10.2 million, leading to a loss from operations of $6.9 million and a net loss of $7.7 million. The company has $81.5 million in cash. TELA did not provide 2020 financial guidance due to pandemic-related uncertainties.

MALVERN, Pa., Nov. 10, 2020 – TELA Bio, a medical technology company, announced its participation in two investor conferences. Management will present at the Jefferies Virtual London Healthcare Conference on November 17, 2020, at 10:15 AM EST and the Canaccord Genuity Virtual MedTech & Diagnostics Forum on November 19, 2020, at 10:30 AM EST. Live audio webcasts will be available on the company’s website. TELA Bio focuses on developing innovative tissue reinforcement materials for soft tissue reconstruction, backed by extensive scientific research.

TELA Bio, Inc. (Nasdaq: TELA), a medical technology firm, will report its 2020 third quarter financial results on November 11, 2020. The company focuses on developing innovative tissue reinforcement materials for soft tissue reconstruction. A conference call will take place at 4:30 p.m. ET on the same day for management to discuss financial results and provide corporate updates. TELA Bio's products aim to improve existing biologics, reducing long-term exposure to synthetic materials, supported by extensive pre-clinical research.

TELA Bio, Inc. announced positive findings from the BRAVO study presented at the Americas Hernia Society Annual Meeting. The data demonstrated a low incidence of surgical site infections and no hernia recurrences at 30 days post-operation using OviTex in ventral hernia repairs. The study involved 85 subjects, with 50% being obese and 16% having a history of surgical infections. Long-term results showed no hernia recurrences among the initial 20 subjects after two years. TELA's OviTex aims to address unmet needs in soft tissue reconstruction.

TELA Bio reported a revenue of $3.5 million for Q2 2020, marking a 6% increase from Q2 2019. Despite this growth, procedural volume declines due to the COVID-19 pandemic impacted results. Gross profit rose to $2.1 million, representing 59% of revenue, up from 58% in the previous year. Operating expenses increased to $7.3 million, leading to a loss from operations of $5.2 million. The company completed a public offering, raising approximately $45 million. Due to COVID-19 uncertainty, TELA will not provide 2020 financial guidance.

TELA Bio, Inc. (NASDAQ: TELA), a medical technology company specializing in tissue reinforcement materials, will participate in the Canaccord Genuity 40th Annual Growth Conference from August 11-13, 2020. Management is set to present on August 13 at 1:30 p.m. ET. The conference will be held virtually, and interested parties can access the live webcast through the company's website. TELA Bio focuses on addressing unmet needs in soft tissue reconstruction with innovative products backed by extensive research.

TELA Bio, Inc. (NASDAQ: TELA) announced it will report its second quarter financial results for 2020 on August 12, 2020. A conference call and webcast led by management will follow at 4:30 p.m. ET to discuss these results and provide a corporate update. TELA Bio specializes in tissue reinforcement materials aimed at soft tissue reconstruction needs, emphasizing the advantages of its products over existing biologics and synthetic materials. The company’s offerings are backed by robust pre-clinical research.