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BioWorld - Tuesday, April 23, 2024
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» Canon makes bet on molecular diagnostics with $40M investment in T2 Biosystems
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Canon makes bet on molecular diagnostics with $40M investment in T2 Biosystems
Sep. 23, 2016
By
Varun Saxena
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The stock of molecular diagnostics company T2 Biosystems Inc. spiked 10 percent due to a $40 million equity investment from Melville, N.Y.-based Canon U.S.A. Inc., made in return for a nearly 20 percent stake in the firm.
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