T2 Biosystems Shares Dive on Slow Uptake of Sepsis Test, Other Issues | GenomeWeb

NEW YORK (GenomeWeb) – Shares of T2 Biosystems tumbled more than 20 percent today after the company disclosed that it had secured fewer commitments for its T2Candida sepsis test than expected, that it has encountered problems with test results from T2Candida cartridges, and that it has had to delay plans to submit its upcoming T2Bacteria bacterial sepsis test to US regulators.

During mid-morning trading on the Nasdaq, shares of T2 were down $1.53 to $6.08.

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