bioAffinity Technologies

bioAffinity Technologies

BIAF
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BIAF · Stock Price

USD 2.12-4.06 (-65.70%)
Market Cap: $9.3M

Historical price data

Market Cap: $9.3MFounded: 2014HQ: San Antonio, United States

Overview

bioAffinity Technologies is a public biotech company focused on non-invasive, early-stage cancer diagnostics and targeted treatments. Its core achievement is the commercial launch of CyPath® Lung, a Laboratory Developed Test (LDT) with compelling clinical data (92% sensitivity, 87% specificity for small nodules) that addresses the critical diagnostic gap following indeterminate low-dose CT scans. The company's strategy is to commercialize this first product through its CLIA-certified lab subsidiary while advancing its porphyrin-based platform for broader diagnostic and therapeutic applications in oncology.

OncologyPulmonology

Technology Platform

A proprietary platform combining porphyrin biochemistry (TCPP) for selective cancer cell labeling, automated flow cytometry for high-throughput sputum analysis, and machine learning algorithms to characterize cell populations indicative of malignancy.

Funding History

3
Total raised:$17M
IPO$10M
Series A$5M
Seed$2M

Opportunities

The massive population with indeterminate lung nodules following low-dose CT screening represents a direct and immediate addressable market for CyPath® Lung.
The platform's core technology is expandable to other cancers accessible via bodily fluids and holds long-term potential for targeted therapeutic development, offering multiple pathways for growth.

Risk Factors

Key risks include commercial execution challenges in driving physician adoption and securing payer reimbursement, financial sustainability given its micro-cap status and cash burn, and intense competition from both established diagnostic companies and novel liquid biopsy platforms entering the early detection space.

Competitive Landscape

bioAffinity competes in a crowded field but occupies a unique niche with its sputum-based, cellular phenotype approach. It differentiates from genomic tests (Veracyte) and blood-based liquid biopsies (Guardant, Grail) by directly sampling the lung microenvironment, offering high sensitivity for small nodules where other technologies may struggle.

Company Timeline

2014Founded

Founded in San Antonio, United States

2015Seed

Seed: $2.0M

2017Series A

Series A: $5.0M

2022IPO

IPO — $10.0M