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GenMark, T2 And Accelerate Diagnostics Impress Analysts At Microbiology Forum

GenMark, T2 And Accelerate Diagnostics Impress Analysts At Microbiology Forum
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Canaccord Genuity provided some remarks on three companies after attending the "American Society for Microbiology" forum. According to the report published Monday, the Canaccord Genuity analysts are positive on GenMark Diagnostics, Inc (NASDAQ: GNMK) and T2 Biosystems Inc (NASDAQ: TTOO), and they expect Accelerate Diagnostics Inc (NASDAQ: AXDX) to remain a key player to follow in 2016–2017.

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The analysts noted it is possible to see "additional consolidation as upstart growth companies enter new verticals, or eat into the shares of the incumbents," despite a strong competition in infectious disease. Strong traffic was noticed in booths of all three companies during the exhibition.

At Time Of Writing...

  • Accelerate was down 4.41 percent at $14.30 on the day.
  • T2 was down 2.47 percent at $8.29.
  • GenMark was down 3.95 percent at $8.02.

Latest Ratings for AXDX

Aug 2016JP MorganMaintainsOverweight
Mar 2016JP MorganInitiates Coverage onOverweight
Jan 2016William BlairInitiates Coverage onOutperform

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