{"id":514734,"date":"2021-07-19T17:02:52","date_gmt":"2021-07-19T21:02:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/t2-biosystems-reports-granting-of-inducement-award-3\/"},"modified":"2021-07-19T17:02:52","modified_gmt":"2021-07-19T21:02:52","slug":"t2-biosystems-reports-granting-of-inducement-award-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/t2-biosystems-reports-granting-of-inducement-award-3\/","title":{"rendered":"T2 Biosystems Reports Granting of Inducement Award"},"content":{"rendered":"
\n

LEXINGTON, Mass., July 19, 2021 (GLOBE NEWSWIRE) — T2 Biosystems, Inc. (NASDAQ:TTOO) a leader in the rapid detection of sepsis-causing pathogens, announced today that it issued inducement awards to eleven new employees.<\/p>\n

The awards were made on July 8, 2021 under T2 Biosystems\u2019 Inducement Award Plan (the “Inducement Plan”), which was adopted on March 1, 2018 and amended and restated on January 8, 2020 and provides for the granting of equity awards to new employees of T2 Biosystems. The inducement awards consist of options to purchase 321,000 shares of T2 Biosystems common stock and have a ten-year term. The exercise price of the options was $1.06 which was the per-share closing price of T2 Biosystems common stock on the Nasdaq Capital Market on July 8, 2021. The options vest over a four-year period, with 25% vesting on the first anniversary of the employee\u2019s date of hire and the remainder vesting in equal monthly installments over the three years thereafter. The award was approved by the independent compensation committee of T2 Biosystems\u2019 board of directors and was granted as an inducement material to the new employee entering into employment with T2 Biosystems in accordance with Nasdaq Marketplace Rule 5635(c)(4).<\/p>\n

\n About T2 Biosystems:<\/strong>\n <\/p>\n

T2 Biosystems, a leader in the rapid detection of sepsis-causing pathogens, is dedicated to improving patient care and reducing the cost of care by helping clinicians effectively treat patients faster than ever before. T2 Biosystems\u2019 products include the T2Dx\u00ae<\/sup> Instrument, T2Candida\u00ae<\/sup> Panel, the T2Bacteria\u00ae<\/sup> Panel, the T2Resistance\u2122 Panel, and the T2SARS-CoV-2\u2122 Panel and are powered by the proprietary T2 Magnetic Resonance (T2MR\u00ae<\/sup>) technology. T2 Biosystems has an active pipeline of future products, including the T2Cauris\u2122 Panel, and T2Lyme\u2122 Panel, as well as additional products for the detection of bacterial and fungal pathogens and associated antimicrobial resistance markers, and biothreat pathogens.<\/p>\n

\n Media Contact:<\/strong>
\n
Gina Kent,\u00a0Vault Communications
gkent@vaultcommunications.com<\/a>
610-455-2763<\/p>\n

\n Investor Contact:<\/strong>
\n
Philip Trip Taylor, Gilmartin Group
philip@gilmartinIR.com<\/a>
<\/a>415-937-5406<\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

LEXINGTON, Mass., July 19, 2021 (GLOBE NEWSWIRE) — T2 Biosystems, Inc. (NASDAQ:TTOO) a leader in the rapid detection of sepsis-causing pathogens, announced today that it issued inducement awards to eleven new employees. The awards were made on July 8, 2021 under T2 Biosystems\u2019 Inducement Award Plan (the “Inducement Plan”), which was adopted on March 1, 2018 and amended and restated on January 8, 2020 and provides for the granting of equity awards to new employees of T2 Biosystems. The inducement awards consist of options to purchase 321,000 shares of T2 Biosystems common stock and have a ten-year term. The exercise price of the options was $1.06 which was the per-share closing price of T2 Biosystems common stock on the Nasdaq … <\/p>\n

Continue reading “T2 Biosystems Reports Granting of Inducement Award”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-514734","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nT2 Biosystems Reports Granting of Inducement Award - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/t2-biosystems-reports-granting-of-inducement-award-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"T2 Biosystems Reports Granting of Inducement Award - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LEXINGTON, Mass., July 19, 2021 (GLOBE NEWSWIRE) — T2 Biosystems, Inc. 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