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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.”
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.
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