T2 Biosystems Announces Commercial Expansion Through Distributors In Europe And Asia
Portfolio Pulse from Benzinga Newsdesk
T2 Biosystems, Inc. (NASDAQ:TTOO) announced the expansion of its commercial business through exclusive distribution agreements in the Netherlands, Belgium, Vietnam, and Switzerland for its rapid sepsis detection products. This expansion is aimed at leveraging the high demand for sepsis diagnostics in these regions, with significant patient populations affected by infections and sepsis. The agreements cover the sale of the T2Dx Instrument and various sepsis test panels, promising faster detection and treatment of sepsis-causing pathogens and antibiotic resistance genes.
February 15, 2024 | 9:21 pm
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T2 Biosystems expands its international commercial business with exclusive distribution agreements in the Netherlands, Belgium, Vietnam, and Switzerland for its sepsis detection products.
The expansion into new international markets through exclusive distribution agreements is likely to increase T2 Biosystems' product reach and sales, positively impacting its revenue and growth prospects. The focus on sepsis, a critical healthcare issue in the targeted regions, aligns with the demand for rapid diagnostics, potentially boosting the company's market share and investor confidence.
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