T2 Biosystems

T2 Biosystems, Inc. engages in the development of a proprietary technology platform. It offers the T2 Magnetic Resonance technology, which enables detection of pathogens, biomarkers, and other abnormalities in a range of unpurified patient sample types. The firm's products include the T2Dx Instrument, the T2Candida Panel, the T2Bacteria Panel, the T2Resistance Panel, and the T2SARS-CoV-2 Panel. The company was founded by Michael J. Cima, Robert S. Langer Jr., Tyler Jacks, Lee Josephson, W. David Lee, and Ralph Weissleder on April 27, 2006 and is headquartered in Lexington, MA.

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T2 Biosystems reports revenue growth, eyes FDA breakthroughs for expansion

T2 Biosystems demonstrated strong revenue growth and operational improvements in Q3 2024, driven by sepsis test panel sales and strategic partnerships.
While facing financial challenges and regulatory complexities, the company's focus on innovation and market expansion presents significant opportunities for future growth.
Overall, T2 Biosystems remains optimistic about its growth prospects, supported by advancements in its product pipeline and collaborations to combat healthcare challenges.

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T2 Biosystems, Inc. is a vitro diagnostics company, which engages in the development of detection of sepsis-causing pathogens. It offers T2Dx instrument, T2Bacteria, T2Candida, T2Biothreat panels, and T2MR technology. The company was founded by Michael J. Cima, Robert S. Langer Jr., Tyler Jacks, Lee Josephson, W. David Lee, and Ralph Weissleder on April 27, 2006 and is headquartered in Lexington, MA.

Filed FDA submission for T2Biothreat Panel, implemented a restructuring program and announced exploration of strategic alternatives Filed FDA submission for T2Biothreat Panel, implemented a restructuring program and announced exploration of strategic alternatives

T2 Biosystems Announces First Quarter 2023 Financial Results

LEXINGTON, Mass., May 23, 2023 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes, today announced it has initiated a process to explore a range of strategic alternatives focused on maximizing value. To support the strategic process, the Company has initiated a restructuring plan which includes a reduction in force.

T2 Biosystems Announces Exploration of Strategic Alternatives and the Implementation of a Restructuring Program

The T2Biothreat Panel detects six biothreat pathogens and runs on the FDA-cleared T2Dx Instrument The T2Biothreat Panel detects six biothreat pathogens and runs on the FDA-cleared T2Dx Instrument

T2 Biosystems Announces FDA 510(k) Submission for the T2Biothreat Panel

LEXINGTON, Mass., May 22, 2023 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes, announced today it has rescheduled its first quarter 2023 financial results reporting to before market open on Tuesday, May 23, 2023. Company management will host a corresponding conference call beginning at 8:30 a.m. Eastern Time.

T2 Biosystems Reschedules First Quarter 2023 Financial Results Reporting to May 23, 2023

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Cranford, New Jersey--(Newsfile Corp. - May 19, 2023) - WBB Research Institute (WBBRI) hosted a Demi-Colton Virtual Salon on the need for a global response to Candida auris and other deadly pathogens. Antimicrobial resistant C.

WBB Research Institute Webcast Highlighted the Need For a Global Response to Candida auris and Other Deadly Antimicrobial Resistant Pathogens

LEXINGTON, Mass., May 17, 2023 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes, announced today that it has rescheduled its first quarter 2023 financial results reporting to before market open on Monday, May 22, 2023. Company management will host a corresponding conference call beginning at 8:30 a.m. Eastern Time.

T2 Biosystems Reschedules First Quarter 2023 Financial Results Reporting to May 22, 2023

LEXINGTON, Mass., May 15, 2023 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes, announced today it has postponed its first quarter 2023 earnings release and conference call. The delay is a result of additional time required to finalize the filing of the Company's SEC Form 10-Q.

T2 Biosystems Postpones Reporting of First Quarter 2023 Financial Results

LEXINGTON, Mass., May 01, 2023 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes, announced today that it will report financial results for the first quarter 2023 after market close on Monday, May 15, 2023. Company management will host a corresponding conference call beginning at 4:30 p.m. Eastern Time.

T2 Biosystems to Report First Quarter 2023 Financial Results on May 15, 2023

LEXINGTON, Mass., April 26, 2023 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes, today highlighted new clinical data supporting the T2Bacteria® Panel and the T2Candida® Panel, that was recently presented at the European Society of Clinical Microbiology and Infectious Diseases (ECCMID) conference in Copenhagen, Denmark. The data demonstrates the speed, accuracy and clinical benefits of the T2Dx® Instrument and T2 Biosystems' sepsis panels.

T2 Biosystems Highlights New Clinical Data Presented at the ECCMID 2023 Conference

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LEXINGTON, Mass., April 05, 2023 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes, today announced the availability of a new webinar and white paper highlighting the T2Candida® Panel clinical data and best practices from real world use within Medical Intensive Care Units (MICU).

T2 Biosystems Announces Webinar and White Paper Highlighting T2Candida Panel Clinical Data and Best Practices

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LEXINGTON, Mass., March 23, 2023 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes, today affirmed plans to add detection of the fungal pathogen Candida auris to the Company's FDA-cleared and CE marked T2Candida® Panel.

T2 Biosystems Affirms Plans to Add Candida Auris Detection to the FDA-Cleared T2Candida Panel

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T2 Biosystems, Inc. (NASDAQ:TTOO ) Q4 2022 Earnings Conference Call March 13, 2023 4:30 PM ET Company Participants John Sperzel - Chairman and CEO John Sprague - CFO Conference Call Participants Mark Massaro - BTIG Ben Haynor - Alliance Global Partners Kyle Mikson - Canaccord Genuity Operator Good day everyone and welcome to the T2 Biosystems Inc. Fourth Quarter and Full-Year 2022 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode and we will open the floor for your questions and comments after the presentation.

T2 Biosystems, Inc. (TTOO) Q4 2022 Earnings Call Transcript

Achieved record sepsis product revenue and sepsis-driven T2Dx Instrument placements in 2022 Achieved record sepsis product revenue and sepsis-driven T2Dx Instrument placements in 2022

T2 Biosystems Announces Fourth Quarter and Full Year 2022 Financial Results

LEXINGTON, Mass., March 03, 2023 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes, announced today that it will report financial results for the fourth quarter and full year 2022 after market close on Monday, March 13, 2023. Company management will host a corresponding conference call beginning at 4:30 p.m. Eastern Time.

T2 Biosystems to Report Fourth Quarter and Full Year 2022 Financial Results on March 13, 2023

T2 Biosystems (NASDAQ: TTOO ) stock continues to drop on Wednesday as investors react to news of a public stock offering. The big news today is the company announcing additional details of its public stock offering.

Why Is T2 Biosystems (TTOO) Stock Down 23% Today?

LEXINGTON, Mass., Feb. 15, 2023 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ: TTOO) today announced the pricing of its previously announced underwritten public offering of 11,111,111 shares of common stock (or common stock equivalents) and warrants to purchase up to 22,222,222 shares of common stock at a combined public offering price of $1.08 per share of common stock (or common stock equivalent) and accompanying warrants, for initial gross proceeds of approximately $12 million, before underwriting discounts and commissions and offering expenses. The warrants have an exercise price of $1.08 per share, are exercisable immediately and will expire five years following the date of issuance.

T2 Biosystems Announces Pricing of $12 Million Public Offering

T2 Biosystems (NASDAQ: TTOO ) stock is falling hard on Tuesday as investors react to a proposed public offering from the company. T2 Biosystems doesn't reveal much in the way of details about its proposed public offering.

Why Is T2 Biosystems (TTOO) Stock Down 21% Today?

LEXINGTON, Mass., Feb. 13, 2023 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ: TTOO) today announced that it is commencing an underwritten public offering of shares of its common stock (or common stock equivalents) and warrants to purchase shares of its common stock. All of the securities are being offered by T2 Biosystems. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

T2 Biosystems Announces Proposed Public Offering

Results demonstrated very high sensitivity and specificity across all six biothreat targets exceeding target performance requirements Results demonstrated very high sensitivity and specificity across all six biothreat targets exceeding target performance requirements

T2 Biosystems Announces Positive Results upon Completion of U.S. Clinical Evaluation for the T2Biothreat Panel

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LEXINGTON, Mass., Feb. 06, 2023 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO) a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes, announced today that it has advanced to the Phase 2 accelerator in the U.S. Department of Health and Human Services (“HHS”) and the Steven & Alexandra Cohen Foundation's (“Cohen Foundation”) LymeX Diagnostics Prize. The goal of the multiphase LymeX Innovation Accelerator (LymeX) prize competition is to nurture the development of diagnostics toward Food and Drug Administration (FDA) review.

News for T2 Biosystems Stock (TTOO)