T2 Biosystems stock rises ~17% after hours on Baltic region distribution agreement

Sep. 22, 2022 5:03 PM ETT2 Biosystems, Inc. (TTOO)By: Anuron Mitra, SA News Editor6 Comments

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  • T2 Biosystems (NASDAQ:TTOO) on Thursday said it had entered into a distribution agreement in the Baltic region for the sale of its products.
  • Shares of the micro-cap diagnostics company jumped 17.3% to $0.10 after hours.
  • It is worth noting that TTOO stock had earlier closed 11.8% lower to notch its eight straight session in the red.
  • As per the agreement with the distributor, TTOO can sell products such as its T2Bacteria Panel, which can identify sepsis-causing bacteria, and its T2Candida Panel, which can detect fungal pathogens.
  • "We are committed to expanding our commercialization worldwide and these new distribution agreements provide access to important markets in Lithuania, Latvia, and Estonia,” TTOO CEO John Sperzel said in a statement.

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