STOCK TITAN

bioAffinity Technologies, Inc. Warrant - BIAFW STOCK NEWS

Welcome to our dedicated page for bioAffinity Technologies Warrant news (Ticker: BIAFW), a resource for investors and traders seeking the latest updates and insights on bioAffinity Technologies Warrant stock.

bioAffinity Technologies, Inc. addresses a critical need to find cancer early and treat cancer specifically. The company develops tests and therapies to detect and treat cancer at the cellular level. Their first product, CyPath® Flow Cytometry for Lung Cancer (CyPath® Lung), has the potential to dramatically increase overall diagnostic accuracy, leading to increased survival, fewer unnecessary invasive procedures, and lower patient anxiety and medical costs.

bioAffinity Technologies Inc. focuses on addressing the need for noninvasive diagnosis of early-stage cancer and diseases of the lung, as well as targeted cancer treatment. They develop proprietary noninvasive diagnostic tests and cancer therapeutics using technology that preferentially targets cancer cells and cell populations indicative of a diseased state. CyPath Lung is their noninvasive test for the detection of early-stage lung cancer.

Rhea-AI Summary

bioAffinity Technologies (BIAF) announces an exclusive live investor webinar and Q&A session scheduled for December 19, 2024, at 4:15 p.m. ET. The event, hosted by RedChip Companies, will feature President and CEO Maria Zannes discussing CyPath® Lung, the company's first product for noninvasive early-stage lung cancer detection. The presentation will highlight how the test improves early detection, increases survival rates, and reduces unnecessary procedures and costs. The company recently secured a U.S. Federal Supply Schedule contract in October 2024, making CyPath® Lung available to veterans and federal health service patients, with expected sales growth in upcoming quarters.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-26.97%
Tags
none
-
Rhea-AI Summary

bioAffinity Technologies (BIAF) reports strong growth and expansion plans for 2025, driven by its CyPath® Lung cancer detection test. The company's subsidiary, Precision Pathology Laboratory Services, expects $9.4 million in 2024 revenues, representing over 20% growth compared to 2023 after its acquisition in September 2023.

CyPath® Lung sales showed a remarkable 1,750% increase through November 30 compared to the previous year. Key achievements in 2024 include securing reimbursement, expanding the sales team, gaining access to federal healthcare systems, and operational streamlining. The company anticipates continued growth in 2025 through expanded national market presence and inclusion in the U.S. Federal Supply Schedule, serving the Veterans Health Administration and Military Health System.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.67%
Tags
none
-
Rhea-AI Summary

bioAffinity Technologies (Nasdaq: BIAF; BIAFW) announced the addition of their noninvasive cancer detection test, CyPath® Lung, to the Federal Supply Schedule (FSS) for the Veterans Health Administration (VHA). This inclusion allows CyPath® Lung to be accessible to the VA's 1,380 healthcare facilities, including over 170 medical centers and 1,000 outpatient sites. The VHA, serving 9.1 million veterans annually, is the largest integrated healthcare system in the U.S. The announcement was made during a joint presentation with FSS officials at the National Association of Veterans’ Research and Education Foundations (NAVREF) meeting. This collaboration aims to improve lung cancer detection and care for veterans, who are at higher risk due to factors like older age, smoking, and environmental exposure. CyPath® Lung aids in bridging the gap between initial screening results and invasive procedures, offering a significant opportunity for bioAffinity Technologies.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-27.4%
Tags
none
Rhea-AI Summary

bioAffinity Technologies (BIAF) reported Q3 2024 revenue of $2.4 million, with CyPath® Lung test orders showing over 1,300% growth in the first nine months of 2024 compared to full-year 2023. The company expanded its physician network by 75% compared to Q2 2024, now receiving orders from 11 states. CyPath® Lung was added to the U.S. Federal Supply Schedule, providing access to 1,380 government healthcare facilities. The company reported a net loss of $2.0 million ($0.16 per share), an improvement from the $2.3 million loss in Q3 2023. Cash position stood at $0.8 million, with an additional $2.7 million raised through an offering in October 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.69%
Tags
-
Rhea-AI Summary

bioAffinity Technologies (Nasdaq: BIAF) has appointed Dr. William Bauta as Chief Science Officer, succeeding Dr. Vivienne Rebel who retired on Oct. 31, 2024. Dr. Bauta, previously Senior VP of Research and Development since 2016, brings experience from Genzyme and Ilex Products. He has contributed to multiple company inventions and patents, particularly in optimizing CyPath® Lung, their noninvasive early-stage lung cancer detection test. His work has improved test performance, reduced costs, and expanded the company's patent portfolio. Dr. Bauta earned his Ph.D. from the University of Chicago and completed post-doctoral studies at the University of Texas at Austin.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.17%
Tags
management
-
Rhea-AI Summary

bioAffinity Technologies (Nasdaq: BIAF) has been granted a patent in Japan for its CyPath® Lung diagnostic test method, which predicts lung cancer likelihood. This marks the first patent specifically for CyPath® Lung as a standalone flow cytometry test for lung cancer detection. The patent, titled 'System and Method for Determining the State of Health of the Lungs,' adds to the company's portfolio of 17 awarded patents and 30 pending applications across various regions. The company focuses on developing noninvasive tests for early-stage lung cancer and other lung diseases detection.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

WallachBeth Capital announced the closing of bioAffinity Technologies' (Nasdaq: BIAF) $2.6 million registered direct offering and concurrent private placement. The offering included 2,048,294 shares of common stock at $1.30 per share and warrants to purchase up to 2,662,782 shares at $1.50 per share. The warrants will be exercisable upon stockholder approval and expire five years from that date. bioAffinity Technologies plans to use the net proceeds for general corporate purposes and working capital. WallachBeth Capital acted as the sole placement agent for the offering, which was conducted under an effective shelf registration statement. The private placement of warrants was made under exemptions from registration requirements.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.57%
Tags
private placement offering
-
Rhea-AI Summary

bioAffinity Technologies, Inc. (Nasdaq: BIAF; BIAFW) has closed a $2.6 million registered direct offering and concurrent private placement. The company sold 2,048,294 shares of common stock at $1.30 per share and issued warrants to purchase up to 2,662,782 shares at an exercise price of $1.50 per share. The warrants will be exercisable upon stockholder approval and expire five years from that date. WallachBeth Capital acted as the sole placement agent. The company plans to use the net proceeds for general corporate purposes and working capital. The offering was made pursuant to an effective shelf registration statement, with a prospectus supplement to be filed with the SEC.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.57%
Tags
private placement offering
-
Rhea-AI Summary

WallachBeth Capital announced that bioAffinity Technologies (Nasdaq: BIAF) has entered into a securities purchase agreement for a $2.66 million registered direct offering and concurrent private placement. The offering includes:

1. 2,048,294 shares of common stock at $1.30 per share in a registered direct offering
2. Common warrants to purchase up to 2,662,782 shares at $1.50 per share in a private placement

The warrants will be exercisable upon stockholder approval and expire five years from approval date. The offering is expected to close around Oct. 21, 2024. WallachBeth Capital is acting as the sole placement agent. The common stock will be issued under an effective shelf registration statement, while the warrants will be issued under a Section 4(a)(2) exemption.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.45%
Tags
private placement offering
Rhea-AI Summary

bioAffinity Technologies, Inc. (Nasdaq: BIAF; BIAFW) has announced a $2.66 million registered direct offering and concurrent private placement. The company will sell 2,048,294 shares of common stock at $1.30 per share in a registered direct offering. Additionally, in a private placement, it will issue common warrants to purchase up to 2,662,782 shares at an exercise price of $1.50 per share. The warrants will be exercisable upon shareholder approval and expire five years from that date. The offering is expected to close around October 21, 2024, subject to conditions. WallachBeth Capital is acting as the sole placement agent. The common stock will be issued under an effective shelf registration statement, while the warrants will be issued under a Section 4(a)(2) exemption.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.45%
Tags
private placement offering

FAQ

What is the current stock price of bioAffinity Technologies Warrant (BIAFW)?

The current stock price of bioAffinity Technologies Warrant (BIAFW) is $0.37 as of December 23, 2024.

What is the focus of bioAffinity Technologies, Inc.?

The company focuses on developing tests and therapies to detect and treat cancer at the cellular level, with a particular emphasis on noninvasive diagnosis of early-stage cancer and diseases of the lung.

What is CyPath Lung?

CyPath Lung is a noninvasive test developed by bioAffinity Technologies, Inc. for the detection of early-stage lung cancer, aiming to increase overall diagnostic accuracy and improve patient outcomes.

bioAffinity Technologies, Inc. Warrant

Nasdaq:BIAFW

BIAFW Rankings

BIAFW Stock Data

13.43M
Diagnostics & Research
Services-commercial Physical & Biological Research
Link
United States of America
SAN ANTONIO