Recent Updates
Recently added Catalysts
TELA

TELA Bio Appoints Greg Firestone as Chief Commercial Officer MALVERN, Pa.

Key Takeaway: TELA Bio Appoints Greg Firestone as Chief Commercial Officer MALVERN, Pa., May 20, 2024 (GLOBE NEWSWIRE) -- TELA Bio, Inc. (NASDAQ: TELA), a commercial-stage medical technology company focused on providing innovative soft-tissue reconstruction solutions, today announced the ap

Full Press Release Details

TELA Bio Appoints Greg Firestone as Chief Commercial Officer
MALVERN, Pa., May 20, 2024 (GLOBE NEWSWIRE) --
TELA Bio, Inc. (NASDAQ: TELA), a commercial-stage medical technology company focused on providing innovative soft-tissue reconstruction
solutions, today announced the appointment of Greg Firestone as the Company's new Chief Commercial Officer. In this role, Mr. Firestone
will oversee the Company's commercial operations, including key product launches, sales team training, market development, as well
as strategic initiatives to optimize market access and reimbursement strategy across the Company's product lines.
"Greg has been an instrumental player in the
TELA Bio story, supporting our commercial strategy and cultivating each of our key group purchasing organization (GPO) and integrated
delivery network (IDN) relationships," said Antony Koblish, President and CEO of TELA Bio. "As we move into our next phase
of growth and strive for the strongest possible year-end performance, we look forward to his leadership of the entire commercial organization
with heightened focus on implementing and driving market share within our GPO/IDN contracts, through enhancing our sales rep training
and productivity metrics, and ultimately delivering greater market penetration across the portfolio with increased operational efficiency."
Mr. Firestone has been a member of TELA's
executive leadership since October 2017, most recently serving as the Company's Chief Business Officer, where he led the strategic
customer relations team. He brings over 35 years of experience in the acute and non-acute healthcare sectors, with much of his tenure
in strategy and partnership development, stakeholder collaboration, and strategic consulting initiatives. Throughout his career, Mr. Firestone
has worked closely with IDNs, health systems, GPOs, and suppliers, developing deep relationships throughout the MedTech landscape. Prior
to his tenure at TELA Bio, he held several executive and sales leadership roles in medical device, GPO and logistics, including as founder
and CEO of Dermal Life, LLC, co-founder and president of Mossberg Labs, and owner and CEO of NCI, where Mr. Firestone founded the
IDN Summit & Expo, and authored Swimming with the Supertankers, a book written to assist supplier sales and marketing
"I am grateful for the opportunity to head up
the commercial organization at TELA Bio at this critical time," said Greg Firestone. "We are poised to change the landscape
of soft tissue reconstruction, delivering on TELA's mission to bring our innovative, more natural repair solutions to hospitals
and surgery centers by addressing the unmet needs of surgeons and patients in the hernia and plastic and reconstructive markets, while
reducing the cost of care."
"I would also like to extend my deepest appreciation
to Peter Murphy for his many contributions to TELA Bio and guiding us through our initial periods of continuous growth," said Antony
Koblish. "We are confident that Greg's leadership will build upon and sustain this success."
To learn more about TELA Bio, visit telabio.com
About 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.
Caution Regarding Forward-Looking Statements
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 Bio's management. Such forward-looking statements include statements relating to our expected revenue and revenue
growth for the full year 2024. 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 any lingering effects of the
COVID-19 pandemic and other public health crises, recessionary concerns, banking instability, increasing market interest rates, and inflationary
pressures, potentially impacting our ability to market our products, demand for our products due to the deferral of elective procedures,
the labor and staffing environment in the healthcare industry, disruption in our supply chain, or pricing pressures concerning our products
or the procedures using our products; 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; 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; and total estimated consideration
related to the NIVIS transaction. These 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 Bio 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.
Last updated: May 20, 2024