T2 Biosystems Announces Continued International Expansion into Taiwan with Exclusive Distribution Agreement
LEXINGTON, Mass., Nov. 19, 2021 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the rapid detection of sepsis-causing pathogens, today announced the execution of a territory exclusive distribution agreement in Taiwan.
Under the terms of the agreement, T2 Biosystems will sell T2Dx® Instruments, along with T2Bacteria®, T2Candida® and T2Resistance® Panels through this distributor. The execution of this distribution agreement includes an initial purchase of three T2Dx Instruments and marks T2 Biosystems’ third entry in the Asia-Pacific market during the last 30 days.
According to the Asia Pacific Sepsis Alliance, the estimated national sepsis incidences in this region ranges from 120 up to 1,600 per 100,0001. The incidence of sepsis is 287 per 100,000 people in Taiwan and a recent analysis estimated the national health expenditure of 33.5 billion NT dollars for sepsis hospitalizations was higher than those for cancer and diabetes, estimated at 23.0 billion and 1.5 billion NT dollars, respectively.1,2 T2 Biosystems and its new distribution partner are collaborating with the health authorities in Taiwan to gain regulatory approval and offer patients the highest quality sepsis care available.
"We look forward to building lasting relationships with our distributor and customers in Taiwan and believe this market represents a meaningful growth opportunity,” said John Sperzel, Chairman and CEO of T2 Biosystems. “The Asia-Pacific region has the highest number of patients affected by sepsis globally. We are excited to make our rapid, culture-independent diagnostics solution available in Taiwan.”
About T2 Biosystems
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