bioAffinity Technologies News Update
02 May 2024 - 10:00PM
Business Wire
bioAffinity Technologies, Inc. (Nasdaq: BIAF; BIAFW) shares
recent Company news.
CyPath® Lung Sales Ramp Up Month over Month
Sales of CyPath® Lung, our noninvasive diagnostic test for the
early detection of lung cancer, continue to climb, with April sales
up 21% over March. Physicians outside of Texas are also signing up
with our wholly owned subsidiary, Precision Pathology Laboratory
Services, to order CyPath® Lung for their patients. In addition to
Texas, pulmonologists in New Jersey, Pennsylvania, Michigan and
North Carolina have ordered CyPath® Lung diagnostic tests for their
patients with pulmonary nodules.
CyPath® Lung Sales, Support Teams Continue to Grow
bioAffinity Technologies’ National Sales Director Dallas Coleman
announced that Jackie Kennedy has joined the Company as Pulmonary
Sales Executive for CyPath® Lung in the San Antonio/Austin market.
Ms. Kennedy previously worked for Pulmonx Corporation, a provider
of minimally invasive treatments for chronic obstructive pulmonary
disease (COPD). In addition to Pulmonx, she has worked at Philips
Healthcare, Baxter Healthcare, and Evologics America. “We are
excited to welcome Jackie to the team at a pivotal time in the
product launch for CyPath® Lung,” Mr. Coleman said. “In her two
decades of experience in healthcare sales and marketing, she has
built and maintained strong customer relationships and consistently
exceeded her sales targets.”
We are also pleased to announce that Jessica Alarcon has joined
the Company as our newest Patient Coach for CyPath® Lung. Ms.
Alarcon provides a personal touch for patients who have questions
about collecting a sputum sample. “Patients have told us how much
they appreciate having a Patient Coach who can walk them through
the collection process,” bioAffinity Technologies President and CEO
Maria Zannes said. “Jessica brings multi-faceted experience to this
very important position, where she shares her insight and empathy
for our patients at high risk for lung cancer.”
bioAffinity To Present at American Thoracic Society’s Annual
Conference
bioAffinity Staff Scientist Lydia Bederka, Ph.D., is heading to
San Diego this month to present research, “Sputum Versus
Bronchoalveolar Lavage (BAL) Fluid on a Flow Cytometric Platform,”
at the 2024 American Thoracic Society (ATS) International
Conference. Dr. Bederka will present research conducted in the
development of a diagnostic test that uses BAL fluid to detect lung
cancer. The ATS conference brings 14,000 clinicians and researchers
in pulmonology, critical care and sleep medicine together to share
ideas and innovations.
About bioAffinity Technologies, Inc.
bioAffinity Technologies, Inc. addresses the need for
noninvasive diagnosis of early-stage cancer and diseases of the
lung and broad-spectrum cancer treatment. The Company’s first
product, CyPath® Lung, is a noninvasive test that has shown high
sensitivity and specificity 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, Inc. For more information, visit
www.bioaffinitytech.com and follow us on LinkedIn, Facebook and X
(Twitter).
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 based upon current estimates and assumptions and
include statements regarding sales of CyPath® Lung continuing to
climb in the Company’s limited test market launch in Texas,
physicians outside of Texas signing up with Precision Pathology
Laboratory Services to order CyPath® Lung for their patients, the
expected contributions of Jackie Kennedy and Jessica Alarcon, and
presenting research this month at the American Thoracic Society’s
Annual Conference in San Diego. 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 continue to grow its sales of CyPath® Lung, the Company’s
ability to increase the physicians signing up to order CyPath® Lung
for their patients and the other factors discussed in the Company’s
Annual Report on Form 10-K for the year ended December 31, 2023,
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240502141417/en/
bioAffinity Technologies Julie Anne Overton Director of
Communications jao@bioaffinitytech.com
Investor Relations Dave Gentry RedChip Companies Inc.
1-800-RED-CHIP (733-2447) Or 407-491-4498 BIAF@redchip.com
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