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bioAffinity Technologies Inc. (BIAFW) pioneers noninvasive diagnostic solutions for early cancer detection, with a focus on improving patient outcomes through innovations like its CyPath Lung test. This page aggregates official company announcements, clinical milestones, and strategic developments for stakeholders tracking advancements in precision diagnostics.
Access timely updates on regulatory progress, partnership agreements, and research breakthroughs directly from the source. Our curated news feed includes earnings reports, product launch details, and peer-reviewed study results relevant to bioAffinity’s proprietary flow cytometry technologies.
Key coverage areas include diagnostic accuracy validations, licensing agreements with healthcare providers, and advancements in cellular analysis methodologies. Investors and researchers alike benefit from centralized access to verified information supporting data-driven decisions.
Bookmark this page for streamlined tracking of bioAffinity’s contributions to reducing invasive procedures in cancer care. Check regularly for authoritative updates on technologies reshaping modern diagnostics.
bioAffinity Technologies (NASDAQ: BIAF) has announced significant efficiency improvements to its CyPath® Lung cancer detection test. The company has achieved a 50% reduction in data acquisition time and a 60% decrease in sample processing costs. These optimizations are expected to deliver a 10% increase in overall throughput and a 25% decrease in unit cost.
The CyPath® Lung test, which uses flow cytometry and artificial intelligence to detect lung cancer in sputum samples, has demonstrated 92% sensitivity, 87% specificity, and 88% accuracy in detecting lung cancer in high-risk patients with small lung nodules. A recent economic impact study showed potential cost savings of $2,773 per Medicare patient and $6,460 per privately insured patient if CyPath® Lung is added to the standard of care, potentially saving $379 million and $895 million respectively nationwide.
bioAffinity Technologies (BIAF) reported significant financial results for 2024, with revenue surging 270% to $9.4 million from $2.5 million in 2023. The company's flagship product, CyPath® Lung, saw orders grow by approximately 1,400% over 2023, driven by increased physician adoption and expanded insurance coverage including Medicare reimbursement.
Key achievements include the addition of CyPath® Lung to the U.S. Federal Supply Schedule, providing access to 1,380 government healthcare facilities. The company expanded its physician network by over 300% in 2024. However, for 2025, BIAF projects lower revenue of $6-8 million due to discontinuing unprofitable pathology services.
Financial results show operating expenses of $18.3 million and a net loss of $9.0 million ($0.75 per share) for 2024. Cash position stood at $1.1 million as of December 31, 2024, with an additional $1.4 million raised through warrant exercises in February 2025.
bioAffinity Technologies (BIAF) released a case study highlighting how their CyPath® Lung test successfully detected a second primary lung cancer in a high-risk patient. The 72-year-old patient, with a 50 pack-year smoking history, had previously undergone surgery for stage 1A non-small cell lung cancer in 2023.
The test's positive result led to further investigation, revealing small cell carcinoma distinct from the initial cancer. Dr. Gordon H. Downie, Director of the Pulmonary Nodule Clinic at Titus Regional Medical Center, emphasized the test's value in real-time detection of malignant cells.
A recent study in the Journal of Health Economics Outcomes and Research demonstrated potential cost savings with CyPath® Lung:
- Medicare patients: Average savings of $2,773 per patient ($379 million total)
- Private-payer patients: Average savings of $6,460 per patient ($895 million total)
bioAffinity Technologies (NASDAQ: BIAF) released a case study demonstrating how their CyPath® Lung test successfully identified a breast cancer recurrence in an 80-year-old high-risk patient. The test's real-time assessment of lung microenvironment led to the discovery when evaluating indeterminate lung nodules.
The patient, a former smoker with COPD and previous breast cancer history, underwent the test after a CT scan detected an eight-millimeter non-calcified nodule. The CyPath® Lung test's positive result prompted further investigation, leading to a mammogram that confirmed new breast cancer.
A recent study in the Journal of Health Economics Outcomes and Research indicated significant potential cost savings: $2,773 per Medicare patient and $6,460 per private-payer patient if CyPath® Lung were included in standard care. This could amount to total savings of $379 million for Medicare and $895 million for private insurance patients based on 2022 screening numbers.
bioAffinity Technologies (NASDAQ: BIAF) has released physician case studies demonstrating the effectiveness of their CyPath® Lung noninvasive lung cancer detection test. A notable case study presented by Dr. Gordon H. Downie showed how the test helped avoid unnecessary invasive procedures for an 85-year-old high-risk patient.
The test's 'Unlikely Lung Cancer' result prevented risky biopsies, leading to a successful 'watchful waiting' approach where the patient's nodules resolved within three months. Dr. Downie, Director of the Pulmonary Nodule Clinic at Titus Regional Medical Center, has incorporated CyPath® Lung into his protocol for patients with indeterminate nodules.
A peer-reviewed economic impact study published in the Journal of Health Economics Outcomes and Research revealed significant potential cost savings: $2,773 per Medicare patient (total $379 million) and $6,460 per private-payer patient (total $895 million) if implemented as standard care for positive lung cancer screenings in 2022.
bioAffinity Technologies (NASDAQ: BIAF) has announced strategic cost-cutting measures expected to save approximately $4 million annually at its subsidiary Precision Pathology Laboratory Services (PPLS). The company is implementing:
- 38% workforce reduction in non-CyPath® Lung personnel at PPLS
- Operational efficiency improvements
- Discontinuation of low-margin pathology services
The restructuring aims to accelerate commercial growth of CyPath® Lung, their noninvasive early-stage lung cancer detection test. While these actions will decrease revenue, they are expected to improve PPLS's profitability by focusing on CyPath® Lung and high-value service lines. The company plans to launch a focused government marketing program next quarter, targeting Veterans Administration and Department of Defense medical centers, following CyPath® Lung's availability through the Federal Supply Schedule.
bioAffinity Technologies (NASDAQ: BIAF) has completed a warrant inducement transaction, raising $1.4 million in gross proceeds. The deal involved four existing accredited investors exercising warrants to purchase 2,438,473 shares of common stock. The company reduced the exercise price of existing warrants from $1.50 to $0.58 per share.
As part of the agreement, investors received new unregistered warrants to purchase up to 2,926,166 shares (120% of exercised shares) with an exercise price of $0.85 per share. These new warrants will become exercisable upon stockholder approval and expire five years after approval. WallachBeth Capital served as the sole placement agent for the transaction.
bioAffinity Technologies (NASDAQ: BIAF) has closed warrant exercise agreements with four accredited investors, generating gross proceeds of $1.4 million. The transaction involves the exercise of existing warrants to purchase 2,438,473 common shares at a reduced exercise price of $0.58 per share (down from $1.50).
In exchange, investors will receive new unregistered warrants to purchase up to 2,926,166 shares (120% of exercised shares) at $0.85 per share. These new warrants will become exercisable upon stockholder approval and expire five years after approval. WallachBeth Capital serves as the sole placement agent for this warrant inducement transaction.
bioAffinity Technologies (NASDAQ: BIAF) has secured approximately $1.4 million in gross proceeds through warrant exercise agreements with three existing accredited investors. The investors will exercise warrants to purchase 2,438,473 common shares at a reduced price of $0.58 per share, down from the original $1.50.
As part of the agreement, investors will receive new unregistered warrants to purchase up to 2,926,168 shares (120% of exercised shares) at $0.85 per share. These new warrants will become exercisable upon stockholder approval and expire five years after approval. The transaction, managed by WallachBeth Capital as sole placement agent, is expected to close on February 26, 2025.
bioAffinity Technologies (NASDAQ: BIAF) has secured warrant exercise agreements with three existing accredited investors, generating $1.4 million in gross proceeds. The agreement involves the exercise of existing warrants for 2,438,473 common stock shares at a reduced price of $0.58 per share (down from $1.50).
In exchange, investors will receive new unregistered warrants to purchase 2,926,168 shares (120% of exercised shares) at $0.85 per share. These new warrants will become exercisable upon stockholder approval and expire five years after approval. The transaction, with WallachBeth Capital as sole placement agent, is expected to close around February 26, 2025.
