bioAffinity Technologies, Inc. develops and commercializes noninvasive diagnostics for lung cancer and other lung diseases. The company’s first product, CyPath® Lung, is a sputum-based Laboratory Developed Test marketed by Precision Pathology Laboratory Services, a bioAffinity subsidiary, and uses flow cytometry with automated AI-informed analysis to identify cell populations associated with lung malignancy.
Recurring company news centers on CyPath® Lung commercialization, physician adoption, clinical case studies, pulmonary nodule management, lung cancer risk assessment, and post-treatment surveillance. Updates also cover financial results, laboratory-services focus, medical conference and physician-education activity, and research extending the company’s flow cytometry+AI platform toward asthma and COPD diagnostics.
bioAffinity Technologies (BIAF) reported lower third-quarter revenue and a wider net loss despite growth in its CyPath Lung testing business. Revenue fell to $1,070,280 from $1,446,066 a year earlier, while net loss widened to $5,277,023 from $5,051,084. The company attributed the revenue decline primarily to lower average CyPath Lung reimbursement and fewer cases at Precision Pathology Laboratory Services.
Through September, CyPath Lung unit sales rose 100% and testing revenue increased 79% to approximately $1.1 million versus the first nine months of 2025. Cash was $2,550,034 at September 30, down from $6,449,782 at year-end. August and October offerings raised $8.0 million in aggregate gross proceeds, including approximately $4.0 million after quarter-end. The company also signed an AvMEDICAL distribution agreement and advanced lung-disease diagnostic research with Pictor.
bioAffinity Technologies (BIAF) will participate in the Lung Cancer Initiative of North Carolina’s Battle of the Blues on November 5, 2026.
The event brings together physicians, patients and other healthcare providers during National Lung Cancer Awareness Month to discuss advances in diagnostics and therapies. bioAffinity will share information about CyPath Lung, its noninvasive test that analyzes cells in sputum to help physicians assess lung cancer risk in patients with pulmonary nodules. The test provides additional information for follow-up decisions, which should be based on the patient’s overall clinical evaluation.
bioAffinity Technologies (BIAF) will sponsor a CHEST 2026 presentation on CyPath Lung’s clinical use on October 21, 2026. Chief Medical Officer Gordon Downie will discuss lung cancer risk assessment and pulmonary nodule management using clinical cases. The session runs from 12:30–1:15 p.m. MST at Learning Theater 4 in the Phoenix Convention Center.
The presentation will also discuss preliminary research on an investigational asthma and COPD test, which is not available for clinical use. The company’s Medical and Scientific Advisory Board will meet alongside the conference to discuss CyPath Lung’s expansion into the federal healthcare system, its ongoing large-scale longitudinal clinical study, and research into lung inflammation.
bioAffinity Technologies (BIAF) will present research on its sputum-based lung inflammation test in development at CHEST 2026 on October 20.
The data show detection of multiple protein targets associated with asthma and chronic obstructive pulmonary disease (COPD), including TSLP, CRLF2, IL4-Ra and IL-5, using cellular and protein analysis. The workflow builds on the platform used by its commercially available CyPath Lung cancer test. The company aims to develop tools to identify and monitor patients who may benefit from specific treatments, subject to further research and validation. The test is investigational and not available for clinical or diagnostic use; the findings do not establish its use to guide named therapies.
bioAffinity Technologies (BIAF) closed a registered direct offering and concurrent private placement, raising approximately $4 million in gross proceeds.
An institutional investor purchased common stock at $6.122 per share or pre-funded warrants at $6.115 each, with a $0.007 exercise price. The private placement included warrants to purchase up to 980,072 shares at $6.122 per share. Those warrants become exercisable following stockholder approval and expire five years from that approval. WallachBeth Capital served as sole placement agent. bioAffinity intends to use net proceeds for working capital, support for expected growing CyPath Lung test sales, and general corporate purposes.
bioAffinity Technologies (NASDAQ: BIAF) closed a registered direct offering and concurrent private placement, raising approximately $4 million in gross proceeds. The institutional investor paid $6.122 per common share or $6.115 per pre-funded warrant, with a $0.007 exercise price for pre-funded warrants. The offering was priced at-the-market under Nasdaq rules.
The private placement included warrants to purchase up to 980,072 shares at $6.122 per share. These warrants become exercisable following stockholder approval and expire five years from that approval. Gross proceeds exclude placement agent fees and other offering expenses. The company intends to use net proceeds for working capital, supporting expected growing CyPath Lung sales, and general corporate purposes.
bioAffinity Technologies (NASDAQ: BIAF) entered a definitive agreement with an institutional investor for financing expected to raise approximately $4 million. The registered direct offering is priced at-the-market under Nasdaq rules, at $6.122 per common share or $6.115 per pre-funded warrant, which has a $0.007 exercise price.
A concurrent private placement includes warrants to purchase up to 980,072 shares at $6.122 per share. These warrants become exercisable following stockholder approval and expire five years from that approval. Closing is expected on or about October 9, 2026, subject to customary closing conditions. Expected gross proceeds exclude placement agent fees and other offering expenses. The company intends to use net proceeds for working capital, supporting expected growing sales of its CyPath Lung cancer test, and general corporate purposes. WallachBeth Capital is sole placement agent.
bioAffinity Technologies (NASDAQ: BIAF) entered a definitive agreement with an institutional investor for financing expected to raise approximately $4 million gross.
The registered direct offering is priced at $6.122 per common share or $6.115 per pre-funded warrant, with a $0.007 exercise price. A concurrent private placement includes warrants to purchase up to 980,072 shares at $6.122 each. Those warrants become exercisable following stockholder approval and expire five years from that approval. Closing is expected on or about October 9, 2026, subject to customary closing conditions. Gross proceeds exclude placement agent fees and other offering expenses. The company intends to use net proceeds for working capital, supporting expected growing CyPath Lung sales and general corporate purposes.
bioAffinity Technologies (Nasdaq: BIAF) received a Japanese patent allowance for the method of predicting lung cancer likelihood using CyPath Lung.
The application covers detection of early-stage lung cancer in sputum using automated flow cytometry, a cell-analysis method, and machine learning. The patent would be the first in Japan for CyPath Lung driven by an AI-built algorithm and the fifth protecting the test in Asia, including China and Hong Kong. Issuance is expected after payment of the applicable issuance fee. The company anticipates patents in additional geographic regions.
bioAffinity Technologies (BIAF) reported that CyPath Lung test sales increased more than 100% through the third quarter of 2026 compared with 2025. More than 1620 tests were delivered through Q3 2026, compared with 775 through Q3 2025. The number of ordering physicians increased 89% in Q3 2026 compared with Q3 2025. Physicians who ordered the test through Q3 2025 increased their sales volume by 48% year over year.
The company is focused on executing its new distribution agreement with Veteran-Owned AvMEDICAL, which it believes could broaden access within government healthcare, including the Department of Veterans Affairs. CyPath Lung assesses the likelihood of lung cancer in high-risk individuals; its results are intended to be considered alongside imaging, medical history, risk factors and clinical guidelines.