Contract Option 2B Valued at $4.4 Million
...is providing an additional $4.4 million in funding for the multiple-year cost-share contract between BARDA and T2 Biosystems. The total potential BARDA funding if all contract options are exercised is $69.0 million.
The additional funding will be used to advance the U.S. clinical trials for the T2Biothreat® Panel and T2Resistance® Panel, and to advance the development of the Company’s comprehensive panel for the detection of bloodstream infections and antimicrobial resistance, and next-generation instrument.
T2Biothreat® Panel: a direct-from-blood test panel designed to run on the T2Dx Instrument and simultaneously detect six biothreat pathogens, including: Bacillus anthracis, Francisella tularensis, Burkholderia mallei, Burkholderia pseudomallei, Yersinia pestis, and Rickettsia prowazekii.
T2Resistance® Panel: a direct-from-blood test panel designed to run on the T2Dx Instrument and simultaneously detect thirteen antibiotic resistance genes from both Gram-positive and Gram-negative bacterial pathogens, which are known to cause antibiotic-resistant infections.
Comprehensive panel for the detection of bloodstream infections and antimicrobial resistance: a direct-from-blood test panel designed to run on our next-generation instrument and detect greater than 95% of all bloodstream infections caused by bacterial and Candida pathogens, as well as antibiotic resistance markers identified as threats by the Centers for Disease Control and Prevention, in a single test with a time to result of approximately 3 hours.
Next-generation instrument: a fully automated, random-access, high-throughput instrument designed in parallel with the comprehensive panel for the detection of bloodstream infections and antimicrobial resistance from a single whole blood sample.
"We are pleased to have initiated U.S. clinical trials for both the T2Biothreat Panel and T2Resistance Panel in December 2021, enabling potential filing of FDA submissions for both products during 2022,” stated John Sperzel, Chairman and CEO of T2 Biosystems. “The products being developed and advanced toward commercialization have the potential to transform the detection of sepsis-causing pathogens, reduce the threat of antimicrobial resistance, and protect the nation from biothreat pathogens.”
This project has been funded in whole or in part with federal funds from the Department of Health and Human Services; Office of the Assistant Secretary for Preparedness and Response; Biomedical Advanced Research and Development Authority, under contract number 75A50119C00053.
www.globenewswire.com/news-release/2022/...t-4-4-Million.html
