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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. (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.
Tela Bio, Inc. has successfully closed its public offering, issuing 3,000,000 shares at $16.00 each, translating to gross proceeds of $48 million before costs. The underwriters have a 30-day option to buy an additional 450,000 shares. Jefferies LLC and Piper Sandler & Co. led the offering management, with a registration statement filed with the SEC now effective. TELA specializes in innovative tissue reinforcement materials aimed at enhancing soft tissue reconstruction, with a focus on minimizing the limitations of existing products.
TELA Bio, Inc. announced the pricing of its underwritten public offering of 3,000,000 shares at $16.00 per share, aiming for gross proceeds of $48 million. The offering includes a 30-day option for underwriters to purchase an additional 450,000 shares. This offering is expected to close on June 30, 2020, pending customary conditions. Jefferies LLC and Piper Sandler & Co. are the book-running managers. TELA focuses on innovative tissue reinforcement materials for soft tissue reconstruction. The registration statement has been effective since June 25, 2020.
TELA Bio, Inc. (TELA) has announced a proposed underwritten public offering of 3,000,000 shares of its common stock, with an option for underwriters to purchase an additional 450,000 shares. The offering is subject to market conditions, and completion is uncertain. Jefferies LLC and Piper Sandler & Co. serve as joint book-running managers. A registration statement was filed with the SEC, but has not yet become effective, meaning sales cannot occur until it does. TELA aims to address unmet needs in soft tissue reconstruction with its innovative materials.
TELA Bio, Inc. (Nasdaq: TELA) announced its inclusion in the Russell 2000 Index, effective June 26, 2020. This milestone reflects TELA's growth trajectory in the medical technology sector, focusing on tissue reinforcement materials for soft tissue reconstruction. The company aims to enhance visibility among institutional investors, leveraging the approximately $9 trillion in assets that benchmark against the Russell U.S. Indices. CEO Tony Koblish emphasized this achievement as a sign of their operational and financial growth initiatives.
TELA Bio, Inc. (NASDAQ: TELA) announced two abstracts accepted for poster presentations at the virtual 20th Minimally Invasive Surgery Symposium (MISS) from June 9 to June 24, 2020. The presentations focus on the efficacy of OviTex® products in ventral hernia repair. One study reported low surgical site occurrence (SSO) and recurrence rates among patients, while another documented successful outcomes in a challenging patient population. TELA emphasizes OviTex's advantages over permanent synthetic materials, enhancing its value in soft tissue reconstruction.
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