I have not had the time to do a deep dive recently, but the story remains the same. If the T2 Bacteria panel gets FDA approval, it's already in use in Europe, it will be a sizable improvement over existing blood based tests for Sepsis which can take 2-3 days to render a diagnosis vs the 6-8 hours for T2.
Why is that time delay so significant? Because by the 3rd day Sepsis often kills you.
I have a very small position in the stock. With the drop today, I am considering taking a call position on speculation they get FDA approval.