T2 Biosystems this week released results from four studies of its T2Dx blood diagnostics system designed to detect pathogens that cause sepsis, touting clinical and performance advantages when compared to traditional blood cultures. The four studies were published in the Journal of Antimicrobial Chemotherapy, the Lexington, Mass.-based company said. A study conducted at Rome’s Gemelli Hospital […]
T2 Biosystems Inc.
T2 Biosystems lands $2m grant for ‘superbug’ test
T2 Biosystems won a $2 million grant to develop a test using its T2Dx MR-based technology to detect strains of drug-resistant bacteria or so-called “superbugs.” The grant is from Carb-X, a Boston University-based public-private partnership aimed at furthering anti-bacterial R&D that’s jointly funded by the U.S. Health & Human Services Dept.’s Biomedical Advanced Research & Development […]
T2 Biosystems tops The Street with Q4, 2017 earnings
T2 Biosystems Inc. (NSDQ:TTOO) today reported fourth quarter and full year 2017 earnings that topped expectations on Wall Street. The Lexington, Mass.-based company reported sales of $1.7 million for its fourth quarter, up 87% when compared with the same quarter least year. Costs for the quarter, excluding the cost of product revenue, were $9.8 million, down […]
InVivo Therapeutics lifts Toselli to permanent prez, CEO | Personnel Moves February 6, 2018
InVivo Therapeutics (NSDQ:NVIV) said yesterday it made Dr. Richard Toselli’s spot in the corner office permanent, lifting him from acting CEO to prez and CEO. Dr. Toselli will maintain his position on the company’s board and as its chief medical officer, the position he was given when he joined the company last July. Prior to joining InVivo, […]
T2 Biosystems prices $18m offering
T2 Biosystems Inc. (NSDQ:TTOO) last week priced a public offering looking to raise $17.5 million. The Lexington, Mass.-based company said it is offering 4.4 million shares of its common stock at $4 per share with a 30-day underwriters option to purchase an additional 656,250 shares at the same price. T2 Biosystems said it expects the offering […]
T2 Biosystems files 510(k) for T2Bacteria Panel
T2 Biosystems Inc. (NSDQ:TTOO) said today it filed a 510(k) appliation with the FDA for its T2Bateria Panel rapid diagnostic solution designed to identify pathogens assocaited with Sepsis. The T2Bacteria panel is designed to run on the FDA-cleared T2Dx instrument to provide diagnosis of sepsis pathogens within hours, reducing the time for patients with bloodstream infections […]
CDC to use T2 Biosystems in testing for superbug Candida auris
T2 Biosystems Inc. (NSDQ:TTOO) said today that the US Centers for Disease Control and Prevention will use its T2Dx Instrument to test and monitor for the emergence and outbreaks of the antibiotic-resistant superbug Candida auris. The Lexington, Mass.-based company said the use of the T2Dx “represents multiple, new applications” for the platform. The system will be […]
T2 Biosystems wins CE Mark for MR-based bacteria detector, closing in on FDA bid
T2 Biosystems Inc. (NSDQ:TTOO) said today it won CE Mark approval in the European Union for its T2Bacteria Panel magnetic resonance-based bacterial detector, and said that it has entered the final stages of its FDA pivotal trial as it seeks 510(k) approval from the agency. The T2Bacteria Panel is designed to run on the company’s T2Dx […]
T2 Biosystems’ T2MR detects Lyme disease-causing bacteria in blood
T2 Biosystems Inc. (NSDQ:TTOO) touted data today showing that its miniaturized magnetic resonance diagnostic tech can detect Lyme disease-causing bacteria in clinical blood samples. The preclinical study was published in the Journal of Clinical Microbiology. The Lexington, Mass.-based company, in partnership with Canon USA, said it expects to wrap up preclinical studies for its T2Lyme Panel […]
Canon buys $40m stake in T2 Biosystems
Canon U.S.A. (NYSE:CAJ) said today it made a $40 million dollar equity investment into diagnostic developer T2 Biosystems Inc. (NSDQ:TTOO), giving Canon a 19.9% stake. Canon said it purchased approximately $40 million of T2’s stock at $6.56 per share through a private placement. The investment isn’t the 1st pairing for Canon and T2, as both companies have been […]
T2 Biosystems, Bayer ink blood disorder deal
T2 Biosystems (NSDQ:TTOO) said today that it inked a deal with Bayer (ETR:BAYN) for research on blood coagulation disorders. The deal calls for T2 to provide its T2MR magnetic resonance-based diagnostic device to Bayer for a research program for drug and biomarker discovery in hemostasis. “We are very enthusiastic about our collaboration with Bayer and the important validation […]
