bioAffinity Tech (BIAF) Stock News

bioAffinity Technologies (BIAF) announced that President and CEO Maria Zannes has been appointed to the American Lung Association in Texas' Leadership Board. In this role, Zannes will support the Lung Association's mission to prevent lung disease and promote lung health through research, education, and advocacy. As bioAffinity's CEO, Zannes leads a team developing noninvasive diagnostic tests, including CyPath® Lung for lung cancer detection, and tests for asthma and COPD. Charlotte Maffia, Executive Director of the American Lung Association in Texas, welcomed Zannes, citing her business experience and commitment to improving lung cancer patient outcomes as valuable assets to the organization.

bioAffinity Technologies has partnered with Cardinal Health OptiFreight Logistics to enhance the delivery and logistics of their CyPath Lung cancer detection test. The collaboration leverages OptiFreight's TotalVue Insights platform for shipment tracking and analytics to ensure reliable delivery of sputum samples to bioAffinity's laboratory. The partnership is particularly crucial as CyPath Lung expands its availability, including to veterans in rural areas through Federal Supply Schedule and GSA Advantage. The logistics solution provides real-time alerts for weather disruptions and processing delays, allowing the lab to adjust collection schedules and maintain efficient operations.

bioAffinity Technologies (BIAF) has secured a new U.S. patent (No. 12,305,171) for a novel cancer therapeutic approach targeting CD320 and LRP2 cell receptors. The technology uses small interfering RNAs (siRNAs) to selectively kill cancer cells while sparing normal cells. The patent covers applications for lung, breast, prostate, brain, and skin cancers, with initial research focusing on developing a topical treatment for skin cancer. This addition brings bioAffinity's portfolio to 19 awarded patents and 36 pending applications. In vitro studies demonstrated that simultaneous knockdown of both CD320 and LRP2 proteins is necessary for effective cancer cell elimination, as targeting only one receptor leads to increased expression in the other.

bioAffinity Technologies (NASDAQ: BIAF) has appointed Dr. Gordon Downie as its new Chief Medical Officer. Dr. Downie brings over 30 years of experience in pulmonary medicine, clinical research, and interventional pulmonology. He has authored more than 30 peer-reviewed publications focused on bronchoscopy, early lung cancer diagnosis, and medical device development.

Dr. Downie previously served as Director of the Lung Nodule Clinic and Interventional Pulmonology at Titus Regional Medical Center. He holds a PhD in experimental pathology from SUNY Buffalo and an MD from Northwestern University. Notably, before his medical career, he was an Olympic bronze medalist in swimming at the 1976 Summer Olympics.

In his new role, Dr. Downie will focus on scaling CyPath® Lung, the company's noninvasive diagnostic for lung cancer, and expanding their diagnostic platform to additional diseases.

bioAffinity Technologies (NASDAQ: BIAF) reported strong Q1 2025 financial results, highlighting 276% year-over-year growth in CyPath® Lung sales. The company generated revenue of $1.9 million and implemented strategic cost-reduction measures expected to save $3.8 million annually. Notable operational improvements increased test throughput by 50% while reducing unit costs by 25%. However, the company reported a net loss of $2.7 million ($0.16 per share), compared to a $2.0 million loss in Q1 2024. Cash position stood at $0.4 million as of March 31, 2025, though the company subsequently raised $4.7 million through warrant exercises and a public offering. The quarter saw expansion of CyPath® Lung's commercial footprint, strengthened international IP protection, and positive real-world clinical validations.

bioAffinity Technologies (NASDAQ: BIAF) announced the release of a white paper by Dr. Gordon Downie highlighting the real-world impact of CyPath® Lung, their noninvasive sputum-based test for early-stage lung cancer detection. The paper details four clinical cases where CyPath® Lung significantly influenced decision-making for patients with indeterminate pulmonary nodules.

Dr. Downie, Director of the Lung Nodule Clinic at Titus Regional Medical Center, demonstrated how the test helped in various scenarios, including cases with sub-8mm nodules, prior cancer history, post-COVID changes, and previous lung cancer diagnosis. The test serves as an adjuvant after CT and PET imaging, providing additional information about malignancy likelihood in lung nodules, where approximately 98% are benign.

bioAffinity Technologies (NASDAQ: BIAF) has completed a $3.25 million best efforts offering of securities. The offering included 10,156,250 shares of Common Stock (or pre-funded warrants) and warrants to purchase up to 15,234,375 shares of Common Stock (May 2025 Warrants) at a combined public offering price of $0.32 per share and accompanying warrant. WallachBeth Capital LLC served as the sole placement agent for this offering. The offering was conducted through a registration statement on Form S-1 that was previously filed and declared effective by the SEC.

bioAffinity Technologies (NASDAQ: BIAF), a biotechnology company developing noninvasive early-stage cancer detection tests, has closed a $3.25 million offering. The offering included 10,156,250 shares of Common Stock (or pre-funded warrants) at $0.32 per share, along with warrants to purchase up to 15,234,375 additional shares. WallachBeth Capital acted as the sole placement agent for this best efforts offering, which was conducted through a registration statement on Form S-1 previously declared effective by the SEC.

bioAffinity Technologies (NASDAQ: BIAF), a biotechnology company developing noninvasive early-stage cancer detection tests, has announced a $3.25 million offering through WallachBeth Capital LLC. The offering includes 10,156,250 shares of Common Stock (or pre-funded warrants) and warrants to purchase up to 15,234,375 shares of Common Stock. The combined public offering price is set at $0.32 per share with accompanying May 2025 Warrant. The offering is expected to close around May 7, 2025, subject to customary closing conditions. WallachBeth Capital is serving as the sole placement agent for this registered offering.