Brief: Tela Bio Announces Sale Of Distribution Rights For Wound Care Product To Mimedx

MiMedx

20/03/2024 11:04

March 20 (Reuters) - TELA Bio Inc  TELA.O :
    * TELA BIO ANNOUNCES SALE OF DISTRIBUTION RIGHTS FOR WOUND
CARE
PRODUCT TO MIMEDX
    * TELA BIO INC - AS CONSIDERATION FOR SALE, MIMEDX WILL MAKE
AN
INITIAL $5.0 MILLION PAYMENT
    * TELA BIO-  MIMEDX WILL MAKE FUTURE PAYMENTS BETWEEN
MINIMUM OF
$3.0 MILLION AND $7.0 MILLION BASED ON NET SALES OF NIVIS OVER
NEXT TWO YEARS

Source text for Eikon:  ID:nGNXbYWJ87 
Further company coverage:  TELA.O 

 ((Reuters.Briefs@thomsonreuters.com;))