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Stock impact report

T2 Biosystems Announces Commercial Expansion Through Distributors in Europe and Asia

T2 Biosystems, Inc. (TTOO) 
Last t2 biosystems, inc. earnings: 2/24 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
LEXINGTON, Mass., Feb. 15, 2024 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistant genes, today announced the execution of territory exclusive distribution agreements for new geographies in the Netherlands, Belgium, and Vietnam, as well as the re-entry into Switzerland. Under the terms of the agreements, T2 Biosystems will sell the T2Dx® Instrument, the T2Bacteria® Panel, the T2Candida® Panel, and the T2Resistance® Panel into these countries through our distribution partners. The execution of these territory exclusive distribution agreements further expands T2 Biosystems’ commercial business internationally. In the Netherlands, 140,000 patients were admitted to the hospital with an infection. Belgium has launched a national sepsis action plan set to launch in April 2024 and it is estimated that over 40,000 Belgians develop sepsis each year. Vietnam is emerging economy that has also been identif Show less Read more
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