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T2 Biosystems Announces Exclusive Distribution Agreement in Malaysia and Indonesia

Jul 29, 2024almost 2 years ago

Contract Type

agreement

LexingtonManufacturingBiotechnologyHealth Care

Description

T2 Biosystems, Inc. announced the execution of a territory exclusive distribution agreement in Malaysia and Indonesia, marking continued momentum in their international commercial expansion efforts. The agreement will enable the sale of T2Dx® Instrument, the T2Bacteria® Panel, the T2Candida® Panel, and the T2Resistance® Panel through the newly appointed distributor.

Company Information

Company

T2 Biosystems

Location

Lexington, Massachusetts, United States

About

T2 Biosystems, a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance 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’ products include the T2Dx® Instrument, the T2Bacteria® Panel, the T2Candida® Panel, the T2Resistance® Panel, the T2BiothreatTM Panel, and the T2SARS-CoV-2TM Panel and are powered by the proprietary T2 Magnetic Resonance (T2MR®) technology. T2 Biosystems has an active pipeline of future products, including the expanded T2Bacteria Panel to add Acinetobacter baumannii, the Candida auris test, and the T2LymeTM Panel, as well as next-generation products for the detection of bacterial and fungal pathogens and associated antimicrobial resistance markers.

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Based on industry data
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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months