Volume 94 Issue 39 | p. 18 | Concentrates
Issue Date: October 3, 2016

Canon invests in T2 Biosystems

Department: Business
Keywords: diagnostics, nuclear magnetic resonance, Lyme disease

Canon USA has purchased a nearly 20% stake in T2 Biosystems, a maker of time-domain nuclear magnetic resonance diagnostics, for $40 million. T2 has worked with the molecular diagnostics arm of Canon since 2015 to develop a test panel for Lyme disease. T2 expects to use the funds to grow its business and launch a sepsis detection panel in 2017. The firm’s technology was developed by scientists at Massachusetts General Hospital and MIT.

 
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