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T2 Biosystems Says It Secured US Patent Covering Method for Direct Detection of Lyme Disease; Shares Rise

10:11AM ET 5/20/2022 MT Newswires
T2 Biosystems (TTOO) said Friday it has obtained a patent from the US Patent and Trademark Office covering its T2Lyme Panel, which can identify the bacteria that cause Lyme disease directly from a patient's blood "in three to five hours."

Laboratory diagnosis of Lyme disease has traditionally used a two-tier process for detecting the presence of antibodies, which can take "several weeks" to develop in a patient's blood, T2 Biosystems said.

Lyme disease is transmitted to humans through the bite of infected ticks, with symptoms typically including fever, headache, fatigue and skin rash.

Shares of T2 Biosystems were about 10% higher in recent Friday morning trading.

Price: 0.23, Change: +0.02, Percent Change: +9.91