Tepha, a Biomaterials startup in Boston, pulls in $11.3M in funding

Tepha absorbs $11.3M in equity (MassHighTech)
Absorbable medical devices firm Tepha Inc. has raised $11.3 million in equity funding from 38 unnamed investors, according to federal filings today.
The Lexington-based company makes absorbable biomaterials that the company says adds flexibility, elasticity and biocompatibility to medical device products. Its TephaFLEX polymer has been used in U.S. Food and Drug Administration-approved surgical suture and surgical meshes. It was founded in 1998 as a spinoff of a collaboration between its sister company Metabolix Inc. in Cambridge and Children’s Hos...