{"id":688229,"date":"2022-09-22T16:09:44","date_gmt":"2022-09-22T20:09:44","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/t2-biosystems-announces-commercial-expansion-through-distributor-in-baltic-region\/"},"modified":"2022-09-22T16:09:44","modified_gmt":"2022-09-22T20:09:44","slug":"t2-biosystems-announces-commercial-expansion-through-distributor-in-baltic-region","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/t2-biosystems-announces-commercial-expansion-through-distributor-in-baltic-region\/","title":{"rendered":"T2 Biosystems Announces Commercial Expansion Through Distributor in Baltic Region"},"content":{"rendered":"
\n

LEXINGTON, Mass., Sept. 22, 2022 (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 a territory exclusive distribution agreement in the Baltic Region, including Lithuania, Latvia, and Estonia. Under the terms of the agreement, T2 Biosystems will sell T2Dx\u00ae<\/sup> Instruments, along with T2Bacteria\u00ae<\/sup>, T2Candida\u00ae<\/sup> and T2Resistance\u00ae<\/sup> Panels through the distributor.<\/p>\n

The execution of this exclusive distribution agreement further expands T2 Biosystems\u2019 commercialization. Epidemiology studies have shown that the Baltic region has a higher average incidence of sepsis per population than Western Europe.1<\/sup> There have been national guidelines in the region to address the impact of sepsis.2<\/sup> The introduction of the T2Dx Instrument and sepsis panels into these countries will allow rapid detection of sepsis-causing pathogens and antibiotic resistance genes, in hours instead of days, enabling clinicians to achieve targeted therapy, faster.<\/p>\n

“We are committed to expanding our commercialization worldwide and these new distribution agreements provide access to important markets in Lithuania, Latvia, and Estonia,\u201d said John Sperzel, Chairman and CEO of T2 Biosystems. \u201cWe believe these three countries represent additional growth potential for our culture-independent rapid diagnostics and look forward to building lasting relationships with our newly-appointed distributor as we work to improve the quality of care for patients at risk of sepsis.\u201d<\/p>\n

\n About T2 Biosystems<\/strong>
\n
T2 Biosystems, a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistant genes, 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\u00ae 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 Forward-Looking Statements<\/strong>
\n
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the ability of T2\u2019s culture-independent diagnostics to improve the standard of care for patients at risk of sepsis and to expand in Lithuania, Latvia and Estonia, as well as statements that include the words \u201cexpect,\u201d \u201cintend,\u201d \u201cplan\u201d, \u201cbelieve\u201d, \u201cproject\u201d, \u201cforecast\u201d, \u201cestimate,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201canticipate,\u201d and similar statements of a future or forward looking nature. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, (i) any inability to (a) realize anticipated benefits from commitments, contracts or products; (b) successfully execute strategic priorities; (c) bring products to market; (d) expand product usage or adoption; (e) obtain customer testimonials; (f) accurately predict growth assumptions; (g) realize anticipated revenues; (h) incur expected levels of operating expenses; or (i) increase the number of high-risk patients at customer facilities; (ii) failure of early data to predict eventual outcomes; (iii) failure to make or obtain anticipated FDA filings or clearances within expected time frames or at all; or (iv) the factors discussed under Item 1A. “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the U.S. Securities and Exchange Commission, or SEC, on March 23, 2022, and other filings the Company makes with the SEC from time to time. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While the Company may elect to update such forward-looking statements at some point in the future, unless required by law, it disclaims any obligation to do so, even if subsequent events cause its views to change. Thus, no one should assume that the Company\u2019s silence over time means that actual events are bearing out as expressed or implied in such forward-looking statements. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of this press release.<\/p>\n

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

____________________________<\/p>\n

\n 1<\/sup>
\n https:\/\/www.thelancet.com\/cms\/10.1016\/S0140-6736(19)32989-7\/attachment\/65105799-6ced-49c1-8bb8-83fc1fec01ed\/mmc1.pdf<\/a>
\n
\n 2<\/sup>
\n https:\/\/eestiarst.ee\/en\/management-of-severe-sepsis-and-septic-shock-in-estonia-a-summary-of-clinical-audit\/<\/a>\n <\/p>\n


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

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

LEXINGTON, Mass., Sept. 22, 2022 (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 a territory exclusive distribution agreement in the Baltic Region, including Lithuania, Latvia, and Estonia. Under the terms of the agreement, T2 Biosystems will sell T2Dx\u00ae Instruments, along with T2Bacteria\u00ae, T2Candida\u00ae and T2Resistance\u00ae Panels through the distributor. The execution of this exclusive distribution agreement further expands T2 Biosystems\u2019 commercialization. Epidemiology studies have shown that the Baltic region has a higher average incidence of sepsis per population than Western Europe.1 There have been national guidelines in the region to address the impact of sepsis.2 The introduction of the T2Dx Instrument and sepsis … <\/p>\n

Continue reading “T2 Biosystems Announces Commercial Expansion Through Distributor in Baltic Region”<\/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-688229","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nT2 Biosystems Announces Commercial Expansion Through Distributor in Baltic Region - 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-announces-commercial-expansion-through-distributor-in-baltic-region\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"T2 Biosystems Announces Commercial Expansion Through Distributor in Baltic Region - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LEXINGTON, Mass., Sept. 22, 2022 (GLOBE NEWSWIRE) — T2 Biosystems, Inc. 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Epidemiology studies have shown that the Baltic region has a higher average incidence of sepsis per population than Western Europe.1 There have been national guidelines in the region to address the impact of sepsis.2 The introduction of the T2Dx Instrument and sepsis … Continue reading "T2 Biosystems Announces Commercial Expansion Through Distributor in Baltic Region"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/t2-biosystems-announces-commercial-expansion-through-distributor-in-baltic-region\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-22T20:09:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY1MTk0MiM1MTY3ODU4IzIwMDU4NDQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/t2-biosystems-announces-commercial-expansion-through-distributor-in-baltic-region\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/t2-biosystems-announces-commercial-expansion-through-distributor-in-baltic-region\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"T2 Biosystems Announces Commercial Expansion Through Distributor in Baltic Region\",\"datePublished\":\"2022-09-22T20:09:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/t2-biosystems-announces-commercial-expansion-through-distributor-in-baltic-region\\\/\"},\"wordCount\":805,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/t2-biosystems-announces-commercial-expansion-through-distributor-in-baltic-region\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODY1MTk0MiM1MTY3ODU4IzIwMDU4NDQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/t2-biosystems-announces-commercial-expansion-through-distributor-in-baltic-region\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/t2-biosystems-announces-commercial-expansion-through-distributor-in-baltic-region\\\/\",\"name\":\"T2 Biosystems Announces Commercial Expansion Through Distributor in Baltic Region - 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