T2 Biosystems, Inc.
TTOO

$10.31 M
Marketcap
$0.49
Share price
Country
$-0.01
Change (1 day)
$8.38
Year High
$0.42
Year Low

T2 Biosystems, Inc., an in vitro diagnostics company, develops diagnostic products and product candidates in the United States and internationally. Its technology enables detection of pathogens, biomarkers, and other abnormalities in various unpurified patient sample types, including whole blood, plasma, serum, saliva, sputum, cerebral spinal fluid, and urine. The company also offers T2Dx Instrument, a bench-top instrument that runs various diagnostic tests from patient samples; T2Candida, a direct-from-blood test that identifies blood stream infections that causes sepsis and candidemia; T2Bacteria, a direct-from-blood test, which detects bacterial pathogens associated with sepsis; T2Resistance to identify carbapenem resistance genes; and T2SARS-CoV-2 panel to detect SARS-CoV-2 virus. In addition, it is developing T2Biothreat for detection of biothreat pathogens; comprehensive sepsis panel to detect bloodstream infections caused by bacterial and Candida species, and antibiotic resistant markers; T2Cauris to provide direct detection of the emerging superbug Candida auris in patient skin, patient blood, and hospital environmental samples; and T2Lyme, a direct-from-blood test panel designed to run on the T2Dx Instrument to identify the bacteria that cause Lyme disease. The company has collaboration agreements with Canon U.S. Life Sciences, Inc. to develop a diagnostic test panel to detect Lyme disease. T2 Biosystems, Inc. was incorporated in 2006 and is headquartered in Lexington, Massachusetts.

marketcap

P/B ratio for T2 Biosystems, Inc. (TTOO)

P/B ratio as of 2023: -0.58

According to T2 Biosystems, Inc.'s latest financial reports and stock price the company's current price-to-sales ratio (TTM) is -0.58. At the end of 2022 the company had a P/B ratio of -0.18.

P/B ratio history for T2 Biosystems, Inc. from 2012 to 2023

P/B ratio at the end of each year

Year P/B ratio
2023 -0.58
2022 -0.18
2021 -6.35
2020 17.24
2019 -1.57
2018 536.06
2017 4939.62
2016 173.93
2015 238.91
2014 157.45
2013 -11.16
2012 -159.94