TELA Bio Announces Changes to its Board of Directors
TELA Bio, Inc. (NASDAQ: TELA) announced the appointment of John Nosenzo, former Chief Commercial Officer at Bioventus Inc., to its board of directors, effective June 2, 2021. This change coincides with the departure of board member Adele Olivia, resulting in a board of seven directors, six of whom are independent. Nosenzo brings extensive healthcare marketing and sales experience, which could positively impact TELA's strategic direction. The company focuses on innovative tissue reinforcement materials for soft tissue reconstruction, aiming to improve clinical outcomes.
- Appointment of John Nosenzo, enhancing board expertise with a strong background in healthcare marketing and sales.
- Increased independence on the board following Adele Olivia's departure.
- Departure of Adele Olivia may create a gap in industry expertise on the board.
MALVERN, Pa., June 02, 2021 (GLOBE NEWSWIRE) -- TELA Bio, Inc. ("TELA"), a commercial-stage medical technology company focused on designing, developing, and marketing innovative tissue reinforcement materials to address unmet needs in soft tissue reconstruction, today announced that it has appointed John Nosenzo, the Chief Commercial Officer of Bioventus Inc., to its board of directors effective June 2, 2021.
Concurrent with the appointment of John Nosenzo, as previously announced, our current board member Adele Olivia will be stepping down. Following these changes, TELA Bio's board will be composed of seven directors, six of whom are independent.
"I am very excited to welcome John to TELA Bio. His vast knowledge and experience in healthcare will be a valued addition to TELA Bio," said Antony Koblish, President and CEO of TELA Bio. "John has proven to be a strong leader throughout his career and has gained extensive experience in healthcare marketing and sales. We are looking forward to working with John and are privileged to have such a talented professional join us."
Koblish added, "Additionally, I would like to thank Adele for her time on the board and her long-standing commitment to TELA Bio. She has been a wonderful addition and added an impactful value. Her experience and knowledge of the medtech industry will be sorely missed, and we wish her the best."
About John Nosenzo
Mr. Nosenzo has served as the Chief Commercial Officer of Bioventus Inc., a global leader in innovations for active healing, since February 2017. Before joining Bioventus, Mr. Nosenzo spent six years at Beckman Coulter serving as its Senior Vice President, Global Customer Operations. Previously, Mr. Nosenzo spent six years with Siemens serving as Vice President of Sales, Medical Testing Systems before being promoted to Senior Vice President, General Manager - Americas, and later as Senior Vice President, Customer Relations Management. Mr. Nosenzo also spent time at Quest Diagnostics serving as Vice President, Marketing and Sales. Mr. Nosenzo began his long career in healthcare with Bayer Healthcare, dedicating 15 years to their pharmaceutical division in various sales roles, including Vice President of Sales, Generic Product Division and later, Vice President of Marketing and Sales, Specialty Products of the Schein Pharmaceutical Division. Mr. Nosenzo received an MBA from Adelphi University in marketing and management and holds a Bachelor of Science from St. John's University in pharmacy.
About TELA Bio, Inc.
TELA Bio Inc. (NASDAQ: TELA) is a commercial-stage medical technology company focused on designing, developing, and marketing innovative tissue reinforcement materials to address unmet needs in soft tissue reconstruction. The company is committed to providing patients with advanced, economically effective biologic material repair solutions to minimize long-term exposure to permanent synthetic materials and improve clinical outcomes. TELA Bio's OviTex® and OviTex PRS Reinforced Tissue Matrix products are purposefully designed to address the shortcomings of existing reinforcement materials in hernia repair, abdominal wall reconstruction, and plastic and reconstructive surgery. For more information, visit www.telabio.com.
Caution Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations are forward-looking statements and reflect the current beliefs of TELA's management. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors that could cause actual results and events to differ materially and adversely from those indicated by such forward-looking statements including, among others, the impact to our business of the ongoing COVID-19 pandemic, including any impact on our ability to market our products, demand for our products due to deferral of procedures using our products or disruption in our supply chain, our ability to achieve or sustain profitability, our ability to gain market acceptance for our products and to accurately forecast and meet customer demand, our ability to compete successfully, that data from earlier studies related to our products and interim data from ongoing studies may not be replicated in later studies or indicative of future data, our ability to enhance our product offerings, development and manufacturing problems, capacity constraints or delays in production of our products, maintenance of coverage and adequate reimbursement for procedures using our products, product defects or failures. These and other risks and uncertainties are described more fully in the "Risk Factors" section and elsewhere in our filings with the Securities and Exchange Commission and available at www.sec.gov, including in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Any forward-looking statements that we make in this announcement speak only as of the date of this press release, and TELA assumes no obligation to update forward-looking statements whether as a result of new information, future events or otherwise after the date of this press release, except as required under applicable law.
TELA Bio Contact
Nora Brennan
Chief Financial Officer
TELA Bio, Inc.
484-320-2930
Investor Contact
Greg Chodaczek
347-620-7010
ir@telabio.com
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