T2 Biosystems (NSDQ:TTOO) announced that it received FDA emergency use authorization (EUA) for its COVID-19 test. Lexington, Mass.-based T2 Biosystems’ T2SARS-CoV-2 Panel is a molecular diagnostic test for detecting SARS-CoV-2, the virus causing COVID-19. The company said in a news release that the test is capable of providing results in under two hours using a nasopharyngeal […]
T2 Biosystems Inc.
T2 Biosystems names new chief commercial officer
T2 Biosystems (NSDQ:TTOO) this week appointed Tony Pare as chief commercial officer, effective immediately. Pare previously served as VP and general manager of international at the company. The chief commercial officer role was a newly created position within T2 Biosystems. “I am delighted to appoint Tony as our chief commercial offer and look forward to working […]
T2 Biosystems appoints new CEO
T2 Biosystems (NSDQ:TTOO) yesterday said it appointed John Sperzel as president and CEO, effective immediately. Sperzel succeeds John McDonough who will continue to serve on the board as a non-executive chairman. “I am honored to join T2 Biosystems as its second CEO at this important transitional moment,” Sperzel said in a news release. “This is an […]
T2 Biosystems wins CE Mark approval for diagnostic blood panel
T2 Biosystems (NSDQ:TTOO) this week said it received CE mark approval for its T2Resistance Panel. The panel is designed to detect 13 drug resistance genes in a blood sample. This can include genes that indicate a resistance to antimicrobial drugs that can affect the treatment of bacterial infections. “Fighting antimicrobial resistance not only requires the development […]
T2 Biosystems jumps on $69m BARDA deal
T2 Biosystems (NSDQ:TTOO) this week said that it inked an up to $69 million diagnostics deal with a U.S. Defense Dept. research program. Lexington, Mass.-based T2 Biosystems signed a maximum $69 million funding deal with the Health and Human Services Office of the Assistant Secretary for Preparedness and Response’s Biomedical Advanced Research & Development Authority for […]
Ex-Medtronic CFO Ellis joins Inspire Medical board | Personnel Moves, August 2, 2019
Inspire Medical Systems last week named Gary Ellis, the former CFO at Medtronic (NYSE:MDT), to its board of directors effective immediately. Minneapolis-based Inspire Medical also said that Amzak Health managing partner Joyce Erony left the board effective yesterday. Ellis spent 27 years at Medtronic before retiring in 2016. “On behalf of the entire Inspire board […]
T2 Biosystems shares tumble on 2018 earnings release
Shares in T2 Biosystems (NSDQ:TTOO) have fallen nearly 20% today after the diagnostics maker posted its full year 2018 earnings. For the full year, the Lexington, Mass.-based company posted losses of $51.2 million, or $1.26 per share, on sales of $10.5 million, seeing losses shrink 18.1% while sales grew 125% compared with the previous year. For […]
T2 Biosystems wins FDA breakthrough nod for drug resistance blood test
T2 Biosystems (NSDQ:TTOO) said yesterday that it won FDA breakthrough device designation for its T2Resistance Panel diagnostic designed to detect 13 drug resistance genes from a blood sample. The T2Resistance Panel is designed to identify 13 genes that the Lexington, Mass.-based company said include “the most clinically important.” This includes genes that indicate a resistance […]
T2 Biosystems takes aim at sepsis with sensitive diagnostic tech
Sepsis, a complication of an infection caused by foreign cells infiltrating a person’s bloodstream, affects nearly two million people each year in the U.S. If not addressed quickly, the infection triggers the body’s immune system to begin attacking its own organs, resulting in a slow, weeks-long death. The challenge for clinicians is identifying the source […]
T2 Biosystems prices $46m offering
T2 Biosystems today priced an upcoming $45.8 million offering, looking to float approximately 6.1 million shares. In the offering, T2 Biosystems will offer shares at a price of $7.50 per share, slightly lower than the May 29 closing price of $8.06 per share. As of 11:11 a.m. EDT, T2 Biosystems shares are trading at $8.34 pre […]
T2 Biosystems wins FDA nod for T2 Bacteria panel, plans offering
T2 Biosystems today announced it won FDA clearance for its T2 Bacteria panel for detecting bacterial species in human blood from patients with suspected bloodstream infections, and announced plans for an upcoming offering. The Lexington, Mass.-based company said that it won approval for the detection of specific sepsis-causing bacterial pathogens as acquired from a whole […]
