TELA ▼ -5.7% - TELA Bio, Inc. $TELA - TELA Bio Announces COO / CFO Transition and Strategic Cost Reduction Initiative TELA Bio shares fell 5.7% following the company's announcement of a chief operating officer and chief financial officer transition alongside a strategic cost reduction initiative. Leadership transitions paired with cost-cutting measures often concern investors about operational challenges or strategic shifts, though the specific details and rationale for these changes would determine the full market impact. 31-AUG-2026 07:00 AM ET