T2 Biosystems, Inc. and Prxcision, Inc. Announce Co-Marketing Collaboration for Rapid Direct-From-Blood Diagnostics and AI-Powered Decision Support Platform
09 October 2024 - 12:00AM
T2 Biosystems, Inc. (NASDAQ: TTOO), a leader in the rapid detection
of sepsis-causing pathogens and antibiotic resistance genes, and
Prxcision, Inc., innovators behind the real-time AI-powered
decision support platform pRxcision®, have announced a co-marketing
collaboration intended to deliver a revolutionary solution for
patients suspected of bloodstream infections and sepsis, and combat
the escalating crisis of antibiotic resistance.
Antibiotic resistance is one of the greatest
threats facing modern medicine, with millions of lives at risk.
Over 1.27 million deaths are reported annually due to antimicrobial
resistance (AMR), which threatens to render essential antibiotics
useless. The stakes are high, and time is critical—each hour of
delayed targeted treatment can increase the risk of death by up to
8% for sepsis patients. By co-marketing T2 Biosystems’ rapid,
direct-from-blood diagnostics and the pRxcision® platform, the
companies intend to enable a new, comprehensive approach to
infection management. This collaboration is expected to provide
hospitals with a powerful solution: rapid identification of
pathogens directly from blood in hours, not days, paired with
real-time insights and information to guide the best possible
treatment decisions—immediately.
A Revolution in Real-Time
Care“Imagine being able to detect sepsis-causing pathogens
within a few hours and having the information needed to act in real
time,” said John Sperzel, CEO of T2 Biosystems. “We believe our
collaboration with Prxcision, Inc. brings this vision to life. By
combining our direct-from-blood diagnostics with the AI-driven
pRxcision® platform, we plan to empower clinicians with the
information to stop infections in their tracks—faster than ever
before. We believe this collaboration will not only prevent
antibiotic misuse but also reduce resistance, save lives, and
fundamentally change the way we manage sepsis.”
The Right Treatment at the Right
TimeThe pRxcision® platform is designed to leverage data
from T2 Biosystems’ diagnostics to provide another level of
precision—using advanced pharmacokinetic models, pathogen profiles,
and real-time patient data to enable clinicians to prescribe the
right drug, dose, and duration as the patient's condition evolves.
The platform adapts continuously to changing clinical information,
providing ranked, evidence-based treatment regimens that help
clinicians optimize care and improve outcomes.
“Our platform delivers real-time insights that
were once unimaginable,” said Paul G. Ambrose, CEO of Prxcision,
Inc. “pRxcision® brings cutting-edge AI to the patient’s
bedside—empowering clinicians to navigate complex decisions with
confidence. We are thrilled about this collaboration and believe it
can accelerate the adoption of our technology, driving significant
improvements in hospitals across the country.”
Unlocking New Growth in a Changing
Healthcare LandscapeBeyond improving patient care, this
collaboration is intended to drive product adoption and create
exciting opportunities for growth in a rapidly evolving market.
With speed and accuracy at its core, the combined solution can
provide hospitals with a powerful tool to improve outcomes and
reduce costs. By offering real-time insights and targeted treatment
information, T2 Biosystems and Prxcision, Inc. aim to reduce the
burden of AMR, helping healthcare systems across the United States
take a proactive stance against one of the top global public health
threats.
About T2 BiosystemsT2
Biosystems is commercializing the only FDA-cleared diagnostics
capable of detecting sepsis-causing bacterial and fungal pathogens
directly from blood in just 3-5 hours—eliminating the need for
days-long blood cultures. The T2Bacteria® and T2Candida® Panels
identify the most common sepsis-causing pathogens with high
sensitivity and specificity, allowing clinicians to act sooner,
improve outcomes, and save lives.
About Prxcision, Inc.Prxcision,
Inc. leverages two decades of expertise in antibiotic development
to create a real-time, AI-powered decision support platform.
Integrated with electronic health records, pRxcision® provides
clinicians with ranked, evidence-based antibiotic regimens tailored
to each patient’s needs. This approach helps stop antibiotic
misuse, breaks the cycle of resistance, reduces healthcare costs,
and ultimately saves lives.
Forward-Looking StatementsThis
press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
All statements contained in this press release that do not relate
to matters of historical fact should be considered forward-looking
statements, including, without limitation, statements regarding the
potential for the collaboration between T2 Biosystems and
Prxcision, Inc. to deliver a revolutionary solution for patients
with suspected of bloodstream infections and sepsis; the likelihood
that the collaboration will enable a new, comprehensive approach to
infection management; the likelihood that the collaboration will
not only prevent antibiotic misuse but also reduce resistance, save
lives, and fundamentally change the way we manage sepsis; the
likelihood that the collaboration will create a new frontier in
antibiotic stewardship and optimize treatment for patients with a
bloodstream infection or sepsis; and the likelihood that combining
rapid direct-from-blood diagnostics like the T2Bacteria Panel and
the T2Candida Panel, with real-time AI-powered decision support
tools like the pRxcision® platform can ensure that patients receive
the right antibiotics, at the right dose, at the right time, faster
than ever before, as well as statements that include the words
“expect,” “may,” “should,” “anticipate,” and similar statements of
a future or forward-looking nature. These forward-looking
statements are based on management’s current expectations. These
statements are neither promises nor guarantees, but involve known
and unknown risks, uncertainties and other important factors that
may cause actual results, performance or achievements to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements, including, but not limited to, (i) any inability to (a)
realize anticipated benefits from commitments, contracts or
products; (b) successfully execute strategic priorities; (c) bring
products to market; (d) expand product usage or adoption; (e)
obtain customer testimonials; (f) accurately predict growth
assumptions; (g) realize anticipated revenues; (h) incur expected
levels of operating expenses; or (i) increase the number of
high-risk patients at customer facilities; (ii) failure of early
data to predict eventual outcomes; (iii) failure to make or obtain
anticipated FDA filings or clearances within expected time frames
or at all; or (iv) the factors discussed under Item 1A. “Risk
Factors” in T2 Biosystems‘ Annual Report on Form 10-K for the year
ended December 31, 2023, filed with the U.S. Securities and
Exchange Commission, or SEC, on April 1, 2024, and other filings T2
Biosystems makes with the SEC from time to time, including our
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
These and other important factors could cause actual results to
differ materially from those indicated by the forward-looking
statements made in this press release. Any such forward-looking
statements represent management’s estimates as of the date of this
press release. While T2 Biosystems and Prxcision may elect to
update such forward-looking statements at some point in the future,
unless required by law, it disclaims any obligation to do so, even
if subsequent events cause their respective views to change. Thus,
no one should assume that any silence by T2 Biosystems or Prxcision
over time means that actual events are bearing out as expressed or
implied in such forward-looking statements. These forward-looking
statements should not be relied upon as representing the views of
T2 Biosystems or Prxcision as of any date subsequent to the date of
this press release.
Investor Contacts:Philip Trip Taylor, Gilmartin
Groupir@T2Biosystems.com415-937-5406
Prxcision, Inc.info@pRxcision.com518-631-8191
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