T2 Biosystems

its T2Resistance Panel uses magnetic-resonance-based detection to identify antibiotic-resistance genes directly from blood without waiting for culture, continuing to publish clinical-benefit data and advance its product pipeline.

Country
United States
Ticker
TTOO
Growth T2Resistance Panel
Coverage
CNEUUS
diagnostics-medtech
Regulatorsfdaemanmpa

Verifiable facts

FactValueSource
Revenue$7.2 million (2023-12-31)sec.gov
Revenue$8.3 million in product revenue (2024-12-31)sec.gov
Headcount113 employees (2023-12-31)macrotrends.net
Production siteLexington, Massachusetts and Wilmington, Massachusettsinvestors.t2biosystems.com · t2biosystems.gcs-web.com · sec.gov
CertificationISO 13485:2016 certificationsec.gov
Regulatory approvalCE marked in the EU for the T2Resistance Panel; FDA Breakthrough Device designation granted for the U.S. T2Resistance Panelcarb-x.org · sec.gov
CapacityFacilities in Lexington and Wilmington, Massachusetts are considered adequate for current manufacturing needs with additional space available for expansioninvestors.t2biosystems.com · t2biosystems.gcs-web.com · sec.gov
Funding$2.0 million from CARB-X in 2017; milestone-based contract with BARDA with an initial value of $6 million and potential value up to $69 millioncarb-x.org · t2biosystems.gcs-web.com · sec.gov

Independent sources: carb-x.org · macrotrends.net · sec.gov

Technologies
NameClusterRisk
Rapid antibiotic-resistance testsdiagnostics-medtechMedium

Compiled by BIOECON from primary sources.

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