T2 Biosystems Reports Granting of Inducement Awards

LEXINGTON, Mass., May 03, 2018 (GLOBE NEWSWIRE) — T2 Biosystems, Inc. (NASDAQ:TTOO), an emerging leader in the development and commercialization of innovative medical diagnostic products for critical unmet needs in healthcare, announced today that on May 1, 2018 it issued inducement awards to four new employees.   

These awards were made under T2 Biosystems’ Inducement Award Plan (the “Inducement Plan”), which was adopted by the company’s Board of Directors on March 1, 2018 and provides for the granting of equity awards to new employees of T2 Biosystems. The inducement awards consist of options to purchase 16,500 shares of T2 Biosystems common stock and have a ten-year term. The exercis…

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