LEXINGTON, Mass., Nov. 07, 2019 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the development of innovative diagnostic products for critical unmet needs in healthcare, announced today that it will be highlighting its portfolio and pipeline of products in a keynote presentation at the World Anti-Microbial Resistance Congress, which will take place in Washington, DC, on November 7 and 8.
The Company will participate in two speaking events at the congress. Sandy Estrada, PharmD, BCPS, Vice President of Medical Affairs, will moderate the panel, “Evaluating Novel Diagnostics for Hospital Use and Uptake in the Clinic–Considerations for Cost, Personnel Training, and Microbiologist Collaboration,” on November 7 at 3:55 p.m. Chief Scientific Officer Tom Lowery, Ph.D., will deliver the keynote address, titled, “The Impact of Rapid, Direct-from-blood Diagnostics in Enabling Changes in Clinical Decisions and Improving Outcomes,” on November 8 at 9:25 a.m.
“Antimicrobial resistance is no longer an emerging threat – it is a very real, clear and present danger to public health, making it important for professionals in the infectious disease industry to seriously consider all types of solutions to this issue. These solutions include, among others, rapid diagnostics of bloodstream infections and rapid resistance gene detection technology that can help improve outcomes for those at greatest risk,” said Dr. Lowery.
Dr. Lowery continued, “My colleagues and I are looking forward to sharing early data that demonstrates how culture independent diagnostics can help enable quicker targeted treatment, especially for antibiotic resistant organisms, and ultimately help in the fight against antimicrobial resistance.”
The T2Resistance Panel RUO identifies 13 of the most serious resistance genes on the antibiotic-resistance threat list published by the Centers for Disease Control and Prevention (CDC), including genes indicating resistance to common empiric antibiotic therapies such as carbapenems, vancomycin, penicillin and more. It is the first system that can detect resistance markers directly from whole blood—in three to five hours.
The T2Resistance Panel RUO has been the center of many recent accolades for T2 Biosystems. The panel was recently the first diagnostic to graduate from the portfolio of CARB-X, a global non-profit partnership dedicated to accelerating early development antibacterial R&D to address the rising global threat of drug-resistant bacteria. It also received Breakthrough Device designation by the Food and Drug Administration (FDA) earlier this year.
The panel utilizes the same T2Dx® Instrument as the T2Bacteria® and T2Candida® Panels – the only FDA-cleared panels that can detect sepsis-causing pathogens directly from a patient’s blood sample, without the need to wait for a blood culture. A positive blood culture takes one to five or more days before subculture and antimicrobial susceptibility testing (AST) or genomic testing can commence, which is the current pathway to identifying antibiotic resistance – the conventional method that T2 Biosystems aims to circumvent to improve clinical outcomes.
About T2 Biosystems T2 Biosystems, a leader in the development and commercialization of innovative medical diagnostic products for critical unmet needs in healthcare, is dedicated to improving patient care and reducing the cost of care by helping clinicians effectively treat patients faster than ever before. T2 Biosystems’ products include the T2Dx® Instrument, T2Candida® Panel, and T2Bacteria® Panel, which was recently announced as the first and only in-vitro diagnostic test to receive approval for a New Technology Add-on Payment (NTAP) by CMS, are powered by the proprietary T2 Magnetic Resonance (T2MR®) technology. T2 Biosystems has an active pipeline of future products, including products for the detection of additional species and antibiotic resistance markers of sepsis pathogens, and tests for Lyme disease.
Forward-Looking Statements 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 additional patients, timing of testing patients, anticipated product benefits, strategic priorities, product expansion or opportunities, growth expectations or targets, timing of FDA filings or clearances and anticipated operating expenses, as well as statements that include the words “expect,” “intend,” “plan”, “believe”, “project”, “forecast”, “estimate,” “may,” “should,” “anticipate,” 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, 2018, filed with the U.S. Securities and Exchange Commission, or SEC, on March 14, 2019, 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’s 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.
Media Contact: Gina Kent, Vault Communications [email protected] 610-455-2763
Investor Contact: Zack Kubow, W2O Group [email protected] 415-658-6436
