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CyPath Lung demand surges as bioAffinity (BIAF) Q2 2026 test volume more than triples

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

bioAffinity Technologies, Inc. reported strong commercial momentum for its CyPath® Lung noninvasive lung cancer test, with second-quarter 2026 sales volume growing more than 200% year-over-year. The number of tests sold in Q2 2026 also rose more than 30% compared with the first quarter of 2026.

Growth is being driven by higher utilization among existing clients and a 155% increase in physician offices ordering CyPath® Lung versus Q2 2025. Since commercial launch, the company has performed nearly 3,000 CyPath® Lung tests, reflecting broader adoption across pulmonology practices, lung nodule clinics, academic and community centers, and VA facilities.

The company highlights published clinical data where CyPath® Lung showed 92% sensitivity, 87% specificity, 88% accuracy and 99% negative predictive value in high-risk patients with small indeterminate lung nodules. bioAffinity is also advancing additional initiatives, including a large-scale longitudinal study, use of CyPath® Lung to monitor lung cancer survivors, and development of new tests for asthma and COPD.

Positive

  • Rapid CyPath® Lung volume growth: Q2 2026 test sales grew more than 200% year-over-year and over 30% versus Q1 2026, with a 155% increase in ordering physician offices, indicating accelerating commercial uptake of the company’s lead product.

Negative

  • None.

Insights

CyPath Lung test volumes are scaling rapidly, but dollar impact isn’t yet quantified.

bioAffinity Technologies reports that CyPath® Lung test volume in Q2 2026 grew more than 200% year-over-year and over 30% versus Q1 2026. A 155% increase in physician offices ordering the test suggests early but broadening adoption across clinical settings.

The company notes nearly 3,000 tests performed since commercial launch, plus strong published performance metrics, including 92% sensitivity and 99% negative predictive value. These data and growing real-world use can support clinician confidence, especially for patients with small indeterminate lung nodules where invasive procedures carry higher risk.

Management outlines a pipeline around the same platform, including asthma and COPD diagnostics and monitoring lung cancer survivors. The actual financial contribution will only be clear when Q2 2026 results are reported in August, so investors will likely focus on how this volume growth translates into revenue and margins in upcoming filings.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Q2 2026 CyPath Lung volume growth YoY more than 200% Increase in CyPath Lung test sales volume vs Q2 2025
Q2 vs Q1 2026 CyPath Lung growth more than 30% Increase in tests sold in Q2 2026 vs Q1 2026
Increase in ordering physician offices 155% Growth in physician offices ordering CyPath Lung vs Q2 2025
Total CyPath Lung tests since launch nearly 3,000 tests Cumulative commercial tests performed since product launch
CyPath Lung sensitivity 92% Published clinical trial in high-risk patients with small nodules
CyPath Lung specificity 87% Published clinical trial in high-risk patients with small nodules
CyPath Lung accuracy 88% Published clinical trial in high-risk patients with small nodules
Negative predictive value 99% CyPath Lung NPV in detecting lung cancer in high-risk patients
indeterminate pulmonary nodules medical
"Repeat utilization suggests the test is becoming part of routine clinical decision-making for patients with indeterminate pulmonary nodules."
A small spot or "shadow" seen on a lung scan whose cause cannot be determined from the image alone; it might be harmless scar tissue, an infection, or an early-stage tumor. For investors, indeterminate pulmonary nodules matter because they create uncertainty around demand for diagnostic tests, follow-up care, treatments, and related clinical trials — outcomes that can drive revenue, regulatory decisions, or valuation changes for healthcare companies.
Laboratory Developed Test (LDT) regulatory
"CyPath® Lung is marketed as a Laboratory Developed Test (LDT) and is not intended for use as a sole diagnostic tool"
A laboratory developed test (LDT) is a medical diagnostic test that a single clinical laboratory designs, validates and uses in-house rather than buying from a commercial manufacturer. For investors, LDTs matter because they can drive a lab’s revenue and growth more quickly than mass-market products but also carry unique risks around accuracy, reimbursement and changing regulatory rules — think of a local bakery’s custom recipe versus a factory-made packaged product.
negative predictive value (NPV) medical
"CyPath® Lung demonstrated 92% sensitivity, 87% specificity, 88% accuracy and 99% negative predictive value (NPV) in detecting lung cancer"
flow cytometry technical
"CyPath® Lung uses advanced flow cytometry and proprietary artificial intelligence (AI) to identify cell populations"
A laboratory method that uses lasers and sensors to count and analyze individual cells or tiny particles as they flow past a detector, like a high‑speed supermarket scanner that reads barcodes on each item. Investors care because flow cytometry is widely used in drug development, diagnostics and manufacturing quality control; demand for the instruments, reagents and services can signal progress in clinical programs, recurring revenue streams and adoption of new therapies or tests.
Clinical Laboratory Improvement Amendments (CLIA) regulatory
"LDTs are overseen under the Clinical Laboratory Improvement Amendments (CLIA), which are administered by the Centers for Medicare & Medicaid Services."
Clinical Laboratory Improvement Amendments (CLIA) are U.S. federal rules that set minimum quality and safety standards for medical laboratories that test human samples, covering test accuracy, staff qualifications, equipment, recordkeeping and routine inspections. For investors, CLIA acts like a regulatory "health inspection" for labs: certification is often required to legally run and sell clinical tests, so it directly affects a lab’s ability to generate revenue, enter markets and avoid regulatory risk.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): July 7, 2026

 

bioAffinity Technologies, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   001-41463   46-5211056

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification Number)

 

3300 Nacogdoches Road, Suite 216

San Antonio, Texas 78217

(Address of principal executive offices, including zip code)

 

(210) 698-5334

(Registrant’s telephone number, including area code)

 

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Title of each class   Trading Symbols   Name of each exchange on which registered

Common Stock, par value $0.007 per share

 

 

 

BIAF

 

 

The Nasdaq Stock Market LLC

(Nasdaq Capital Market)

         
Warrants to purchase Common Stock   BIAFW  

The Nasdaq Stock Market LLC

(Nasdaq Capital Market)

 

Indicate by check mark whether the registrant is an emerging growth company as defined in in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 
 

 

Item 8.01. Other Events.

 

On July 7, 2026, bioAffinity Technologies, Inc., a Delaware corporation, issued a press release announcing continued acceleration in commercial sales for CyPath® Lung, its noninvasive lung cancer diagnostic, with more than 200% growth year-over-year.

 

A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit
Number
  Description
99.1   Press Release issued by bioAffinity Technologies, Inc., dated July 7, 2026
104   Cover Page Interactive Data File (embedded within the XBRL document)

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: July 7, 2026 BIOAFFINITY TECHNOLOGIES, INC.
   
  By: /s/ Maria Zannes
  Name: Maria Zannes
  Title: President and Chief Executive Officer

 

 

 

Exhibit 99.1

 

 

bioAffinity Technologies’ Quarterly CyPath® Lung Sales Double to New Record as Commercial Momentum Continues

 

CyPath® Lung sales volume for Q2 2026 grows more than 200% year-over-year and 30% over record-breaking prior quarter

 

Growth in Q2 driven by increasing utilization among existing clients and 155% increase in physician offices ordering CyPath® Lung as compared to Q2 2025

 

SAN ANTONIO, Texas – July 7, 2026 – bioAffinity Technologies, Inc. (Nasdaq: BIAF; BIAFW), a biotechnology company focused on the need for noninvasive, accurate tests for the detection of early-stage lung cancer and other lung diseases, today announced continued acceleration in commercial sales for CyPath® Lung, its noninvasive lung cancer diagnostic, with more than 200% growth year-over-year.

 

The number of tests sold in the second quarter of 2026 represents an increase of more than 30% over the first quarter of 2026 and more than 200% compared with the second quarter of 2025.

 

“We are at the forefront of a positive change in clinical practice. We believe it is the result of expanding physician familiarity and accumulating clinical evidence as more patients are evaluated with CyPath® Lung and benefit from CyPath® Lung-guided care,” said Maria Zannes, President and Chief Executive Officer of bioAffinity Technologies. “The most encouraging trend goes beyond onboarding new practices — the fact is, physicians who try CyPath® Lung appreciate its benefits and continue to use it. Repeat utilization suggests the test is becoming part of routine clinical decision-making for patients with indeterminate pulmonary nodules.”

 

The Company has now performed nearly 3,000 CyPath® Lung tests since commercial launch, reflecting growing physician adoption across pulmonology practices, lung nodule clinics, academic and community medical centers, and Veterans Affairs (VA) facilities. bioAffinity Technologies is executing a commercial strategy focused on increasing utilization of CyPath® Lung among existing clients, expanding its sales footprint in existing markets, strategically entering new markets, and building lasting relationships with physicians.

 

“The number of patients diagnosed with indeterminate pulmonary nodules is expected to grow significantly over the next several years with expanded lung cancer screening and incidental findings from other procedures,” said Gordon Downie, MD, PhD, Chief Medical Officer of bioAffinity Technologies. “The challenge is determining which patients require immediate invasive evaluation and which can be safely monitored. CyPath® Lung is designed to provide clinicians with an objective, noninvasive tool that complements imaging and helps them make more informed decisions while reducing unnecessary procedures and patient anxiety.”

 

-1-
 

 

In published patient case studies, CyPath® Lung has helped detect lung cancer at curative Stage 1A when risk stratification guidelines and other adjunct tests indicated low risk. Conversely, a negative CyPath® Lung result has spared patients with significant comorbidities from invasive, often risky procedures. In a recent interview, a CyPath® Lung patient describes the emotional impact of discovering a pulmonary nodule and explains why she appreciated having a noninvasive testing option. “I was petrified. I was scared to death,” she recalls. “I was so thankful that CyPath® Lung was something that I could do that was noninvasive…I just want to shout it from the rafters.”

 

bioAffinity Technologies is advancing multiple initiatives that the Company believes will further expand the clinical impact of its proprietary technology platform. These include a large-scale longitudinal clinical study designed to generate additional validation data for CyPath® Lung, expansion into oncology by using CyPath® Lung to monitor lung cancer survivors after treatment, and an R&D pipeline that includes diagnostic tests for asthma and COPD that are designed to help guide personalized treatment with targeted therapies.

 

“We are building on the success of CyPath® Lung to develop noninvasive tests designed to ensure asthma and COPD patients are matched with the most effective treatment for their type of lung disease,” Dr. Downie said. “We continue to develop our automated flow cytometry platform that supports an expanding number of diagnostic tests that we believe can lead to improved lung health for millions of people.”

 

The Company expects to report its financial results for the second quarter of 2026 in August.

 

About CyPath® Lung

 

CyPath® Lung by bioAffinity Technologies is a noninvasive test designed to improve the early detection of lung cancer in patients at high risk for the disease. CyPath® Lung uses advanced flow cytometry and proprietary artificial intelligence (AI) to identify cell populations in patient sputum that indicate malignancy. CyPath® Lung incorporates a fluorescent porphyrin that is preferentially taken up by cancer and cancer-related cells. In a published clinical trial of high-risk patients, CyPath® Lung demonstrated 92% sensitivity, 87% specificity, 88% accuracy and 99% negative predictive value (NPV) in detecting lung cancer in patients at high risk for the disease who had small indeterminate lung nodules less than 20 millimeters. The high NPV gives physicians greater confidence that a negative result is truly negative, potentially sparing patients from unnecessary invasive and costly procedures. CyPath® Lung is marketed as a Laboratory Developed Test (LDT) and is not intended for use as a sole diagnostic tool and should be considered alongside other clinical findings.

 

-2-
 

 

About bioAffinity Technologies, Inc.

 

bioAffinity Technologies, Inc. addresses the need for noninvasive diagnosis of early-stage cancer and other diseases of the lung and broad-spectrum cancer treatments. The Company’s first product, CyPath® Lung, is a noninvasive test that has shown high sensitivity, specificity and accuracy for the detection of early-stage lung cancer. CyPath® Lung is marketed as a Laboratory Developed Test (LDT) by Precision Pathology Laboratory Services, a subsidiary of bioAffinity Technologies. LDTs are overseen under the Clinical Laboratory Improvement Amendments (CLIA), which are administered by the Centers for Medicare & Medicaid Services. For more information, visit www.bioaffinitytech.com.

 

Forward-Looking Statements

 

Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict, that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company’s ability to successfully commercialize CyPath® Lung, risks related to the regulatory environment for laboratory developed tests and the other factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. Such forward-looking statements are based on facts and conditions as they exist at the time such statements are made and predictions as to future facts and conditions. While the Company believes these forward-looking statements are reasonable, readers of this press release are cautioned not to place undue reliance on any forward-looking statements. The information in this release is provided only as of the date of this release, and the Company does not undertake any obligation to update any forward-looking statement relating to matters discussed in this press release, except as may be required by applicable securities laws.

 

Contact

 

bioAffinity Technologies

 

Julie Anne Overton

Director of Communications

investors@bioaffinitytech.com

 

-3-

 

FAQ

What did bioAffinity Technologies (BIAF) announce about CyPath Lung sales for Q2 2026?

bioAffinity reported that CyPath® Lung test volume in Q2 2026 grew more than 200% year-over-year and over 30% versus Q1 2026. This reflects accelerating commercial adoption of its noninvasive lung cancer diagnostic among physicians and healthcare centers.

How widely is bioAffinity’s CyPath Lung test being used as of mid-2026 for BIAF?

The company has performed nearly 3,000 CyPath® Lung tests since commercial launch. Utilization is expanding across pulmonology practices, lung nodule clinics, academic and community medical centers, and Veterans Affairs facilities, supported by higher repeat ordering from physicians.

What clinical performance has CyPath Lung demonstrated according to bioAffinity Technologies (BIAF)?

In a published clinical trial of high-risk patients, CyPath® Lung showed 92% sensitivity, 87% specificity, 88% accuracy and 99% negative predictive value for detecting lung cancer in small indeterminate nodules. These metrics suggest strong ability to rule out disease and reduce unnecessary invasive procedures.

What growth drivers are supporting CyPath Lung adoption for bioAffinity Technologies (BIAF)?

Growth is driven by increasing utilization among existing clients and a 155% increase in physician offices ordering CyPath® Lung versus Q2 2025. Physicians who try the test generally continue using it, indicating it is becoming integrated into routine decision-making for indeterminate pulmonary nodules.

What future initiatives is bioAffinity Technologies (BIAF) pursuing beyond current CyPath Lung use?

bioAffinity is running a large-scale longitudinal clinical study to further validate CyPath® Lung, exploring its use to monitor lung cancer survivors, and developing additional diagnostics for asthma and COPD using its automated flow cytometry platform to support more personalized lung disease treatment.

When will bioAffinity Technologies (BIAF) report financial results for Q2 2026?

The company states it expects to report financial results for the second quarter of 2026 in August. Those results should reveal how the reported CyPath® Lung volume growth translates into revenue and overall financial performance for the period.

Filing Exhibits & Attachments

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