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TTOO

T2 Biosystems

$2.53

-0.01 (-0.39%)

07:19
05/14/19
05/14
07:19
05/14/19
07:19

T2 Biosystems announces results from T2Bacteria Panel trial publsihed

T2 Biosystems announced that results from a pivotal trial were published online in the Annals of Internal Medicine journal. The study demonstrated evidence for the first direct-from-blood, non-culture test cleared by the FDA for the diagnosis of bloodstream infections by multiple bacteria. Blood cultures took between 32 and 111 hours to identify pathogens whereas the T2Bacteria Panel took 3.6 to 7.7 hours to do so. In 78% of probable or possible bloodstream infections, or BSIs, subjects had blood culture-negative/T2Bacteria positive results despite treatment with active antibiotics. A total of 24 hours after blood draw, 20% of patients with blood culture-positive/T2bacteria-positive results were still not receiving effective therapy. The T2Bacteria Panel had a 99.7% negative predictive value and an overall sensitivity of 89.7% per subject and per assay. The T2Bacteria Panel had overall specificity of 89.5% per subject and 97.8% per assay.

  • 07

    Jun

TTOO T2 Biosystems
$2.53

-0.01 (-0.39%)

03/05/19
ADAM
03/05/19
NO CHANGE
Target $10
ADAM
Buy
T2 Biosystems should be bought on weakness after short report, says Canaccord
Canaccord analyst Mark Massaro says shares of T2 Biosystems are under pressure on a short report that appears on Seeking Alpha. While the report says that breakthrough Device designation by the FDA is not an acknowledgement of the device's effectiveness or clinical value proposition, or that the device has value, only that it diagnoses life-threatening disease, the analyst still sees the designation as a positive. The analyst also does not agree with the short report's arguments that the company's small device sales number are worse than they seem, the T2MR bacterial test does not replace blood cultures and that many other similar bloodstream test devices have gone bust. While the author of the report expects the company to lower 2019 guidance, Massaro does not believe he "substantiates his view in this report." The analyst reiterates a Buy rating and a $10 price target on the shares, and recommends buying the stock on weakness.
09/20/18
CANT
09/20/18
INITIATION
Target $11
CANT
Overweight
T2 Biosystems initiated with an Overweight at Cantor Fitzgerald
Cantor Fitzgerald analyst Jordan Abrams started T2 Biosystems with an Overweight rating and $11 price target. The analyst believes the company's direct-from-whole-blood species-specific technology has the potential to change the standard of care for sepsis diagnostics.
06/01/18
06/01/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. American Airlines (AAL) upgraded to Outperform from In-Line at Imperial Capital with analyst Michael Derchin saying American is likely to reduce capacity starting in the post-labor day period, which should be well received by investors. 2. T2 Biosystems (TTOO) upgraded to Outperform from Market Perform at Leerink with analyst Puneet Souda saying this week's T2bacteria FDA clearance expands the company's market opportunity "dramatically" from $1.4B to over $3B. 3. Highwoods Properties (HIW) upgraded to Buy from Hold at Stifel with analyst John Guinee saying he believes the macro environment is changing to the positive for REITs. 4. Toyota (TM) upgraded to Outperform from Neutral at Daiwa. 5. RLJ Lodging Trust (RLJ) upgraded to Overweight from Equal Weight at Barclays with analyst Felicia Hendrix saying she views the current valuation as attractive and sees a strong RevPAR outlook for 2019. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/01/18
LEER
06/01/18
UPGRADE
Target $12
LEER
Outperform
T2 Biosystems upgraded to Outperform with $12 target at Leerink
Leerink analyst Puneet Souda upgraded T2 Biosystems to Outperform from Market Perform and raised his price target for the shares to $12 from $5. This week's T2bacteria FDA clearance expands the company's market opportunity "dramatically" from $1.4B to over $3B, Souda tells investors in a research note. He believes T2 is "highly underpenetrated" in its core markets, but feels it can now penetrate the broader $1.5B-$2.0B bacterial sepsis market with an immediate entry into the hospital emergency departments, which the analyst values at $300M

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