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Overview
TELA Bio, Inc. (TELA) is a United States-based commercial-stage medical technology company focused on the development and commercialization of innovative soft tissue reconstruction solutions. Anchored in a science-driven approach and supported by a seasoned medical technology team, TELA Bio combines the nimbleness of a start-up with the expertise of an established industry presence to address long-standing unmet needs in surgical reconstruction. By focusing on products that support natural healing and minimize long-term exposure to synthetic materials, the company is redefining the approach to soft tissue repair and surgical outcomes.
Technology and Innovations
The company leverages state-of-the-art technology to create reinforced tissue matrices that improve clinical outcomes in areas such as hernia repair, abdominal wall reconstruction, and plastic and reconstructive surgery. Its core product portfolio, notably the OviTex line, is designed with advanced biomaterials and surgical science to facilitate tissue reinforcement while optimizing cost-effectiveness in healthcare settings. TELA Bio's approach is deeply rooted in the collaboration with leading surgeons, integrating clinical insights into product design and execution.
Product Portfolio and Business Model
TELA Bio has strategically developed a dual-portfolio offering that caters to distinct segments within soft tissue reconstruction. One portfolio focuses on reinforcing tissues in hernia repair and abdominal wall reconstruction, targeting the significant market of general surgery procedures. The second portfolio addresses the needs in plastic and reconstructive surgery (PRS), providing options that align with the requirements of soft tissue repair in aesthetic and functional contexts. The company generates revenue by commercializing these specialized products to hospitals, clinics, and surgical centers, emphasizing clinical efficiency and cost savings. Its business model capitalizes on a combination of direct product sales, strategic partnerships with healthcare providers, and ongoing collaborations with experts to refine clinical practices.
Market Position and Industry Significance
Operating within the competitive MedTech sector, TELA Bio occupies a distinctive position by addressing the clinical complexities associated with soft tissue reconstruction. The company’s solutions are developed with the goal of enhancing patient outcomes while reducing the reliance on permanent synthetic materials. This approach not only aligns with modern surgical practices but also supports economic considerations for healthcare facilities by offering products that are both effective and efficient in terms of cost. TELA Bio’s strategic collaborations and its emphasis on clinically evaluated biomaterials allow it to maintain a competitive edge, even as market dynamics evolve.
Clinical Collaboration and Authoritativeness
One of the defining aspects of TELA Bio’s operation is its commitment to working closely with surgeons and medical professionals. This clinical collaboration ensures that its products are continuously improved based on real-world surgical feedback and emergent needs in soft tissue repair. By integrating expert insights with advanced material science, the company demonstrates a high level of expertise and deep industry knowledge, reinforcing its authoritativeness and trustworthiness in the MedTech arena.
Economic and Operational Considerations
The company emphasizes the economic benefits of its products by aiming to reduce overall healthcare costs without compromising clinical outcomes. Its solutions are designed to optimize the natural healing process, offering an alternative to permanent synthetic implants that can entail long-term expenses. This focus positions TELA Bio as a business that prioritizes not only patient safety and recovery but also financial efficiency for healthcare providers. Moreover, TELA Bio’s operational strategy includes a balanced emphasis on sales, marketing, research and development, and administrative efficiency, ensuring that its innovations are sustainably developed and delivered across diverse healthcare markets.
Summary
In summary, TELA Bio, Inc. stands out in the medical technology field due to its innovative approach to soft tissue reconstruction. By harnessing advanced biomaterials and surgical expertise, the company addresses critical clinical needs through cost-effective, science-based solutions. Its commitment to collaboration with clinical experts and focus on refining product performance builds a strong foundation of expertise, experience, and trust that is essential in today’s competitive MedTech industry.
TELA Bio, Inc. is set to report its first quarter financial results for the period ending March 31, 2021, on May 13, 2021. The company's management will hold a conference call and webcast at 4:30 p.m. ET to discuss these results and provide a corporate update. TELA Bio focuses on innovative tissue reinforcement materials designed for soft tissue reconstruction, aiming to offer effective biologic material repair solutions and improve clinical outcomes. The company is committed to addressing unmet needs in hernia repair, abdominal wall reconstruction, and plastic and reconstructive surgery.
TELA Bio reported fourth quarter revenue of $5.7 million, an increase of 17% year-over-year, and full-year revenue of $18.2 million, up 18% from 2019. Gross profit for Q4 was $3.7 million (65% margin), and $11.2 million (62% margin) for the full year. Operating expenses rose to $10.4 million in Q4 and $36.5 million annually, leading to net losses of $7.8 million and $28.8 million, respectively. For 2021, TELA projects revenue between $27.0 million and $30.0 million, indicating growth of 48% to 65%.
TELA Bio, a medical technology company, has reported encouraging findings from the 12-month analysis of its BRAVO study on OviTex Reinforced Tissue Matrix for ventral hernia treatment. Out of 76 patients, only two experienced a recurrence at the surgical site, while interim results at 24 months showed no recurrences among the 51 patients followed. The results demonstrate low postoperative complications, and the data have been submitted for journal publication. TELA anticipates completing the BRAVO trial this year, highlighting OviTex's potential in hernia repair.
TELA Bio, Inc. (NASDAQ: TELA), a medical technology company, will report its fourth quarter and full year 2020 financial results on March 24, 2021. The management team will host a conference call at 4:30 p.m. ET the same day to discuss these results and provide a corporate update. TELA specializes in innovative tissue reinforcement materials aimed at soft tissue reconstruction, particularly in hernia repair and abdominal wall reconstruction.
MALVERN, Pa., Feb. 4, 2021 - TELA Bio, a commercial-stage medical technology company, will participate in the BTIG Virtual MedTech Conference on February 18, 2021, at 4:30 PM EST. The company focuses on innovative tissue reinforcement materials for soft tissue reconstruction, aiming to enhance patient outcomes while minimizing reliance on synthetic materials. TELA's key products include OviTex® and OviTex PRS Reinforced Tissue Matrix, designed for hernia repair and reconstructive surgeries. Interested parties may access the webcast via their [investor relations page](https://ir.telabio.com).
TELA Bio, Inc. (Nasdaq: TELA) reported preliminary unaudited financial results for Q4 and full year 2020. Fourth quarter revenue is projected to be $5.5-5.7 million, a 13-17% increase from Q4 2019, while full-year revenue is expected to reach $18.0-18.2 million, up 17-18% from 2019. Cash and cash equivalents are anticipated at $74.4 million as of December 31, 2020. Although the COVID-19 pandemic has impacted procedural volumes and revenue growth, TELA has made progress in expanding its commercial operations and product offerings.
MALVERN, Pa., Jan. 6, 2021 – TELA Bio announces participation in the 23rd Annual Needham Virtual Growth Conference. The management is set to present on January 15, 2021, at 2:45 PM EST. Interested individuals can access the live and archived webcast at ir.telabio.com. TELA Bio focuses on developing tissue reinforcement materials for soft tissue reconstruction, aiming to address unmet medical needs.
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.
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