Welcome to our dedicated page for Tela Bio news (Ticker: TELA), a resource for investors and traders seeking the latest updates and insights on Tela Bio stock.
TELA Bio, Inc. (NASDAQ: TELA) is a commercial-stage medical technology company focused on soft-tissue reconstruction solutions, and its news flow reflects both its operating performance and corporate developments. Company announcements describe technologies that prioritize preservation and restoration of the patient’s own anatomy and leverage the natural healing response while minimizing long-term exposure to permanent synthetic materials.
News updates for TELA stock frequently include quarterly financial results, where the company reports revenue, gross profit, operating expenses, and net loss, along with commentary on demand for its OviTex and OviTex PRS reinforced tissue matrix products. These releases often discuss factors driving revenue, such as increased unit sales, new customers, international sales, and new product configurations, as well as changes in operating expenses and loss from operations.
Investors can also expect capital markets and financing news, including announcements of credit facilities, registered direct offerings of common stock and pre-funded warrants, and the issuance of warrants in connection with debt agreements. Such updates provide insight into TELA Bio’s liquidity, borrowing arrangements, and intended use of proceeds for sales and marketing, research and development, and other corporate purposes.
Another category of TELA Bio news involves corporate governance and leadership changes, such as appointments of new independent directors with experience in healthcare equity research and executive nursing leadership, as well as board resignations. The company also issues releases about participation in healthcare conferences and inducement grants of restricted stock units and stock options to newly hired employees under Nasdaq Listing Rule 5635(c)(4).
By following TELA Bio’s news feed, readers gain timely visibility into the company’s financial performance, product demand trends in soft-tissue reconstruction, capital-raising activities, and changes in board composition and employee equity incentives.
TELA Bio, Inc. has successfully closed its public offering of 4,600,000 shares of common stock at $8.00 per share, generating gross proceeds of $36.8 million. This includes 600,000 shares from the underwriter's option. The proceeds will be utilized for working capital, research and development, and various corporate purposes. The offering was registered under Form S-3 with the SEC. Lake Street Capital Markets, LLC served as the sole book-running manager for this offering.
TELA Bio, Inc. has announced the pricing of its public offering of 4,000,000 shares of common stock at $8.00 per share, aiming for gross proceeds of $32 million. Additionally, the underwriter has a 30-day option to purchase up to 600,000 shares at the same price. The offering, set to close around August 18, 2022, will fund working capital, R&D, and potential acquisitions. The offering is registered under a previously established shelf registration effective since December 29, 2020.
TELA Bio, Inc. has announced the initiation of an underwritten public offering of its common stock. The offering may include an additional 15% of shares available for purchase by the underwriter. Proceeds will be allocated for working capital, research and development, and other corporate purposes. The offering is subject to market conditions and may not materialize as planned. Lake Street Capital Markets is the sole book-running manager for the offering. The registration statement for this offering was declared effective by the SEC on December 29, 2020.
TELA Bio reported a 38% revenue increase in Q2 2022, reaching $10.4 million, driven by strong demand for OviTex® products. The company secured a GPO contract with Premier Inc., enhancing market access, and highlighted positive clinical data from ongoing studies. However, gross profit margins declined to 63%, impacted by a one-time amortization charge. Operating expenses rose to $16.8 million, leading to a net loss of $12.7 million. Despite these challenges, the company expects 2022 revenue between $42 million and $45 million, indicating a potential growth of 43% to 53% year-on-year.
TELA Bio, a commercial-stage medical technology company, announced its participation in two investor conferences in August 2022. The management will present virtually at the Needham Med Tech & Diagnostics 1x1 Conference on August 15 and at the Canaccord Annual Growth Conference on August 11 at 2:00 PM ET. The company focuses on innovative soft-tissue reconstruction solutions, emphasizing patient anatomy preservation. Live webcasts of the presentations will be available on their official site.
TELA Bio, a commercial-stage medical technology company, shared promising results from two studies focusing on its OviTex Reinforced Tissue Matrix. The BRAVO study reported a 2.6% recurrence rate for ventral hernias after 24 months, while the ReBAR study indicated a 1.9% recurrence rate for inguinal hernias over the same period. Both studies demonstrate OviTex's effectiveness in enhancing surgical outcomes and quality of life. Results will be presented at the 2022 American Hernia Society Meeting in September.
Tela Bio, Inc. (NASDAQ: TELA) announced the approval of stock options for 25 new employees, totaling 58,075 shares. The options, exercisable at $8.00 per share, are part of their employment compensation and were issued on July 26, 2022. With a vesting period of four years, 25% will vest after the first year, while the remaining shares will vest monthly over the next three years. This move aims to attract talent within the company's focus on innovative soft-tissue reconstruction solutions that optimize patient outcomes.
TELA Bio, Inc. (NASDAQ: TELA), a medical technology company, will announce its second quarter 2022 financial results on August 10, 2022. Following the report, management will host a conference call and webcast at 4:30 p.m. ET to discuss the results and provide an update on corporate activities. TELA focuses on innovative soft-tissue reconstruction solutions that enhance clinical outcomes by utilizing the patient’s own anatomy. For more details, visit TELA's website.
TELA Bio, Inc. (NASDAQ: TELA) announced a group purchasing agreement with Premier, Inc. for its Synthetic Bioabsorbable Mesh Products, effective October 1, 2022. This agreement enables approximately 4,400 U.S. hospitals and 225,000 providers to access special pricing on TELA's OviTex® and OviTex PRS Reinforced Tissue Matrix products, which focus on innovative soft-tissue reconstruction solutions. TELA's President, Antony Koblish, emphasized the significance of this agreement in enhancing access to advanced surgical solutions for surgeons and patients.
TELA Bio, Inc. has announced its participation in the JMP Securities Life Sciences Conference on June 16, 2022, at 11:00 am ET. The company, which focuses on innovative soft-tissue reconstruction solutions, aims to optimize clinical outcomes by preserving and restoring the patient's own anatomy. Interested parties can access a live and archived webcast of the presentation through TELA's investor relations page. TELA Bio is dedicated to providing advanced, cost-effective solutions that minimize long-term exposure to synthetic materials, enhancing natural healing.