NEW YORK (GenomeWeb) – T2 Biosystems announced today that it has sold $40 million of it common stock to Canon USA, giving it a 19.9 percent stake in the company.

Canon paid $6.56 per share for the stock, which was its closing price on Sept. 20. The placement closed yesterday.

"[T]his financing puts us in a solid position to continue to grow the business, including furthering our launch of the T2Bacteria [bacterial sepsis] panel into the market in 2017 and beyond," T2 CEO John McDonough said in a statement.

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The Atlantic reports that genetic counselors are coping with an influx of patients seeking advice on their direct-to-consumer genetic test results.

A small study finds differences between three genomic prostate cancer tests, Medscape reports.

In Nature this week: shared genetic architecture for asthma and allergic diseases, and more.

A survey of Canadians finds them to be divided on genetically modified food, the Ottawa Citizen reports.

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