SELB - Why Hospitals Are Not Buying The T2 Biosystems Diagnostic System - $1.50 1-Year Price Target
T2 Biosystems (TTOO) T2 Magnetic Resonance ("MR") technology, powered through their T2Dx Instrument, is a diagnostic system that can do a variety of blood tests from inserted panels. They just had a big launch in mid-2018 for the T2Bacteria which got FDA approved in May 2018 that was supposed to be a "game changer". But it is becoming a commercial flop like other bacteremia (bacteria in the blood) testing diagnostic systems before it. You can see that TTOO still has very meager sales and huge losses every quarter.
We have nothing against progress and early-stage