A system (100) for forming a looped suture (10) having a tapered cut (17), the system comprising: a base (110) for selectively retaining a portion of thread; a clamping device (120) for receiving a first end of the thread; a tensioning device (125) for receiving a second end of the thread; and a welding/cutting assembly (130) configured to join a first section and a second section of the thread to form a loop, wherein both the base and the welding/cutting assembly are movable relative to one another.