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New T2 Biosystems CEO Plans to Shrink Costs, Sharpen Sales Strategy

Feb 25, 2020
|
Madeleine Johnson
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NEW YORK – T2 Biosystems turned in subpar fourth quarter and full year revenues, missing estimates despite its unique advantages and head starts in the rapid molecular diagnostics space. With a CEO transition completed six weeks ago, however, the firm has now announced plans to cut costs and focus on targeting sales of its sepsis tests in new ways to improve margins.

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