T2 Posts Slight Q3 Revenue Increase, Inks Dx Development Deal With Allergan

Nov 01, 2016

NEW YORK (GenomeWeb) – T2 Biosystems reported after the close of the market on Tuesday a 10 percent increase in third quarter revenues, as a sharp increase in product revenues were mostly offset by a decline in research revenues.

Separately, the company announced that it has partnered with Allergan to develop a novel diagnostic panel for the detection of Gram-negative bacterial species and antibiotic resistance in patients with severe bacterial infections.

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