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Key Data
Prev. Open
$0.68
Prev. Close
$0.91
Prev. Day's Range
$0.68 - $0.93
52W Range
$0.50 - $2.14
Trading Volume
708.33K
MC
$33.127M
P/E Ratio
--
EPS
$-0.79
Company Overview
NASDAQ
TELA Bio, Inc., a medical technology company, focuses on the design, development and commercialization of tissue reinforcement materials to address unmet needs in soft tissue reconstruction. The company is headquartered in Malvern, Pennsylvania.
SectorHEALTHCARE
IndustryMEDICAL DEVICES
Headquarters1 GREAT VALLEY PARKWAY, MALVERN, PA, UNITED STATES, 19355
TELA Bio, Inc. is a medical technology company specializing in soft tissue restoration. It designs and markets advanced surgical implants, focusing on improving clinical outcomes in hernia repair and soft tissue reconstruction. The company combines innovative design with biologic materials to offer alternatives to synthetic mesh products in surgery.
TELA Bio, Inc. operates within the healthcare sector and specifically in the medical devices industry. The company focuses on providing cutting-edge surgical solutions, targeting unmet needs in soft tissue repair and reconstruction procedures.
Revenue for TELA Bio, Inc. is primarily driven by sales of its proprietary surgical implants, such as the OviTex series. These products address surgical challenges in hernia and soft tissue reconstructions, and growth is driven by demand for effective alternatives to traditional synthetic mesh solutions.
TELA Bio, Inc. faces risks such as dependence on market adoption of its products, competition from larger medical device companies, regulatory hurdles, and potential fluctuations in healthcare industry trends. Like many emerging companies, profitability and scalability are key challenges for TELA Bio, Inc.
TELA Bio, Inc. faces competition from companies like Becton Dickinson & Co. and Medtronic PLC, which also manufacture mesh products targeting hernia repair and soft tissue reconstruction. Larger competitors often benefit from established market presence and wider distribution networks.
TELA Bio, Inc. does not currently pay dividends to shareholders. As a growing medical technology company, its focus is on reinvesting earnings into product innovation, market expansion, and operational growth to strengthen its position in the healthcare industry.
TELA Bio, Inc. has opportunities to expand its market share by driving adoption of biologic substitutes for synthetic meshes. Growth potential exists in increasing awareness among surgeons and patients, broadening indications for its products, and pursuing international market expansion.
TELA Bio, Inc., as an innovative mid-sized player, offers potential for growth due to its focus on biologic solutions in soft tissue reconstruction, despite being smaller compared to industry leaders. Its valuation reflects the risks of scaling operations and competing against larger companies, but its specialized focus may appeal to specific investor segments.
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