T2 Biosystems Garners $15,000,000 Series C Funding
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Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7f799d77-df7c-4c99-aaed-0cbe707d8c98&Preview=1
Date 5/25/2010
Company Name T2 Biosystems
Mailing Address 286 Cardinal Medeiros Avenue Cambridge, MA 02141
Company Description T2 Biosystems is a newly formed diagnostics company ushering in a new wave of innovative products to improve medical decision-making and treatment. Our proprietary biosensor technology was invented by a team of world-renowned scientists at MIT and Massachusetts General Hospital. Using this technology, we are developing a range of diagnostic products to impact a variety of health care settings; from centralized testing laboratories to point of care.
Proceeds Purposes Proceeds from the financing will be usedto accelerate the development and commercialization of T2 Biosystems’ next generation diagnosticplatform for use in the decentralized setting.