T2 Biosystems (TTOO) Reports Q4 Revenues Above Estimates

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T2 Biosystems (TTOO) Secures Max $2M Grant from CARB-X to Support Development of New Tests for Drug-Resistant Bacteria

March 6, 2018 7:09 AM EST

T2 Biosystems, Inc. (NASDAQ: TTOO) announced today that it has been awarded a grant of up to $2 million from CARB-X. The collaboration with CARB-X will be used to accelerate the development of new tests to identify bacterial pathogens and resistance markers directly in whole blood much more rapidly than is possible using todays diagnostic tools. The new tests aim to expand the T2Dx Instrument product line by detecting 20 additional bacterial species and resistance targets, with a focus on blood borne pathogens on the CDC antibiotic resistance threat list.

The ability to rapidly... More