Full Press Release Details
TELA Bio Announces U.S. Commercial Launch of Larger Sizes of OviTex
PRS for Plastic and Reconstructive Surgery
The OviTex PRS portfolio now includes a larger option than any
human acellular dermal matrix product on the market
MALVERN, Pa., March 31, 2025 (GLOBE NEWSWIRE)
--TELA Bio, Inc. (NASDAQ: TELA), a commercial-stage medical technology company focused on advancing soft-tissue reconstruction
solutions, today announced the U.S. launch of larger sizes of OviTex PRS Reinforced Tissue Matrix, the only tissue-based device reinforced
with polymer suture embroidery specifically engineered for plastic and reconstructive surgery.
Designed for consistency in thickness,
stretch, permeability, and handling while facilitating functional remodeling,1 the OviTex PRS portfolio now includes expanded
size offerings, including a 25 x 30 cm oval and a 25 cm diameter circle. These larger configurations may reduce the need for multiple
smaller pieces and have the potential to simplify more complex plastic and reconstructive procedures.
"The introduction of larger
OviTex PRS sizes aligns with evolving trends in plastic and reconstructive surgery and strengthens the breadth of our offering in this
space," said Antony Koblish, Co-founder, President & CEO. "Since launching OviTex PRS in 2019 we have sold nearly 15,000
units, with year-over-year unit sales growth of 31% in 2024 alone. Plastic and reconstructive surgeons are increasingly seeking alternatives
to cadaveric tissue, and this expansion reinforces our commitment to meet that demand."
"These new sizes directly
address the needs expressed by our key opinion leaders and customers," emphasized Dr. Howard Langstein, Vice President of Medical
Affairs & Surgeon Strategy. "By reducing the need for suturing multiple smaller pieces together, we aim to improve surgical
efficiency and potentially reduce costs, enhancing the surgeon's ability to reinforce larger soft-tissue challenges."
To learn more, visit ovitexprs.com
About TELA Bio, Inc.
TELA Bio, Inc. (NASDAQ: TELA) is a commercial-stage
medical technology company focused on providing innovative technologies that optimize clinical outcomes by prioritizing the preservation
and restoration of the patient's own anatomy. The Company is committed to providing surgeons with advanced, economically effective soft-tissue
reconstruction solutions that leverage the patient's natural healing response while minimizing long-term exposure to permanent synthetic
materials. For more information, visit www.telabio.com.
About OviTex PRS Devices
OviTex PRS is for implantation
to reinforce soft tissue where weakness exists in patients requiring soft tissue repair or reinforcement in plastic and reconstructive
surgery. The device is supplied sterile and is intended for one-time use.
For important safety information,
Caution Regarding Forward-Looking Statements
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, including with respect to the launch of larger sizes of TELA's OviTex PRS Reinforced Tissue Matrix. 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 from macroeconomic conditions, including recessionary concerns, banking instability, increasing market
interest rates, monetary policy changes, changes in trade policies, including tariffs, and inflationary pressures, potentially impacting
our ability to market our products; demand for our products related to changes in volumes or frequency of surgical procedures, including
due to outbreak of illness or disease, cybersecurity events impacting hospital operations, labor and hospital staffing shortages, supply
chain disruptions to critical surgical and hospital supplies, pricing pressures or any other applicable adverse healthcare economic factors;
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; that data obtained from clinical studies using our
product may not be indicative of outcomes in other surgical settings; our ability to enhance our product offerings; product development
and manufacturing problems; capacity constraints or delays in production of our products; maintenance of coverage and adequate reimbursement
for procedures using our products; and 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.