Skip to main content
Premium Trial:

Request an Annual Quote

T2 Biosystems Raises $10.8M in Private Financing, Inks In-Q-Tel Pact

NEW YORK (GenomeWeb News) – T2 Biosystems has raised $10.8 million in a Series B financing, the Cambridge, Mass.-based firm said today.
T2 will use proceeds from the financing to accelerate development of its portable diagnostics system that combines nanotechnology with miniaturized magnetic resonance technology. The firm said that the technology has been validated for accurately analyzing viruses, bacteria, proteins, hormones, DNA, small molecules, and other diagnostic targets.
T2’s initial investors — Flagship Ventures, Polaris Venture Partners, and Flybridge Capital Partners — were joined by new investors Partners Healthcare and In-Q-Tel in the latest round of funding.
In related news, the firm said that it signed a strategic investment and technology development agreement with In-Q-Tel, which is an investment firm that works on furthering technologies used in the US intelligence community. T2 said the agreement would fund development and enhancement of its diagnostic platform and identify opportunities for the system within the intelligence community for field applications.
John McDonough, CEO of T2, said that the funding would enable the firm to “continue to develop our initial panel of diagnostic tests and continue to advance our instrument development through beta testing.”
T2 also said that it has named Stan Lapidus to its board of directors. Lapidus most recently served as CEO of Helicos BioSciences, a position he relinquished this past summer, though he still remains chairman of that firm. He also founded Cytyc and Exact Sciences.

The Scan

Genetic Testing Approach Explores Origins of Blastocyst Aneuploidy

Investigators in AJHG distinguish between aneuploidy events related to meiotic missegregation in haploid cells and those involving post-zygotic mitotic errors and mosaicism.

Study Looks at Parent Uncertainties After Children's Severe Combined Immunodeficiency Diagnoses

A qualitative study in EJHG looks at personal, practical, scientific, and existential uncertainties in parents as their children go through SCID diagnoses, treatment, and post-treatment stages.

Antimicrobial Resistance Study Highlights Key Protein Domains

By screening diverse versions of an outer membrane porin protein in Vibrio cholerae, researchers in PLOS Genetics flagged protein domain regions influencing antimicrobial resistance.

Latent HIV Found in White Blood Cells of Individuals on Long-Term Treatments

Researchers in Nature Microbiology find HIV genetic material in monocyte white blood cells and in macrophages that differentiated from them in individuals on HIV-suppressive treatment.