bioAffinity Technologies' CyPath® Lung Test Unit Sales Surged 146% Year-Over-Year in Q1 2026
MWN-AI** Summary
bioAffinity Technologies, Inc. (Nasdaq: BIAF; BIAFW) reported a remarkable 146% year-over-year increase in unit sales for its CyPath® Lung diagnostic test during the first quarter of 2026. This surge underscores the growing appeal of noninvasive lung cancer diagnostics amid an expanding market for pulmonary nodule management, estimated to be worth $3.58 billion in the U.S.
Maria Zannes, President and CEO, highlighted the value of CyPath® Lung in improving clinical decision-making and patient outcomes. With rising rates of indeterminate pulmonary nodules—projected to increase from 2.9 million in 2025 to 4.7 million by 2030 due to enhanced screening methods—there is a pressing need for improved diagnostic solutions. CyPath® Lung addresses this need, utilizing advanced flow cytometry and artificial intelligence to provide results that clarify malignancy risk, thus guiding treatment decisions and potentially avoiding invasive procedures.
In 2025, revenue from CyPath® Lung grew by 87%, while unit sales rose by 99% from the previous year, reflecting successful commercial strategies that include expanding physician ordering sites and integrating the test into clinical workflows. The company is dedicated to continued growth and plans initiatives such as a large-scale clinical study and a focus on lung cancer survivors’ post-treatment monitoring.
With a focus on enhancing the detection of early-stage lung cancer and capitalizing on a burgeoning market, bioAffinity Technologies is well-positioned to expand its impact in the years to come. As the technology proves successful in real-world applications, the company's prospects for capturing significant market share over the next five years look promising, with potential sales exceeding $560 million by 2030.
MWN-AI** Analysis
bioAffinity Technologies, Inc. (Nasdaq: BIAF) has demonstrated remarkable growth with a 146% year-over-year increase in unit sales of its CyPath® Lung diagnostic test in Q1 2026. This surge indicates a strong market acceptance and clinical usefulness of noninvasive lung cancer diagnostics, particularly in the context of an expanding U.S. addressable market valued at $3.58 billion. Investors should closely monitor bioAffinity's momentum, given the rising demand for efficient, accurate tools in pulmonary nodule management and lung cancer surveillance.
The CyPath® Lung test, leveraging flow cytometry and artificial intelligence, addresses a pressing clinical need by providing actionable insights into lung cancer risk. As the number of indeterminate pulmonary nodules soars—projected to grow by 62% by 2030—bioAffinity's noninvasive solution could reshape lung cancer diagnostics, appealing to healthcare providers grappling with patient management complexities.
With a projected capture of just 10% of the growing market translating to potential sales of approximately $358 million, bioAffinity is well-positioned for substantial revenue growth. If sustained, this performance could see revenues exceed $560 million over the next five years. The company's strong commercial strategy, focusing on expanding physician orders and enhancing clinical workflows, underpins its growth trajectory.
However, investors should remain cautious of certain risks, including dependence on a single product and maintaining adequate reimbursement from payors. Ongoing clinical studies and regulatory considerations will also play pivotal roles in determining future growth.
In summary, bioAffinity Technologies represents a compelling investment opportunity within the biotechnology sector, particularly as it leverages innovative technology to meet critical healthcare needs. With careful monitoring of market trends and clinical efficacy, investors could see enhanced returns from this burgeoning company.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Noninvasive diagnostic continues to gain traction in the current and expanding U.S. addressable market of $3.58 billion for pulmonary nodule management and surveillance of lung cancer survivors
Flow cytometry+AI technology has potential to improve lung cancer risk assessment and nodule management
bioAffinity Technologies, Inc. (Nasdaq: BIAF; BIAFW) , a biotechnology company focused on noninvasive diagnostics and early cancer detection, today announced that unit sales for its CyPath® Lung diagnostic in the first quarter of 2026 exceeded internal projections and, based on preliminary unaudited data, achieved 146% growth compared to the first quarter of 2025, reflecting accelerating physician adoption and expanding clinical use of the Company’s noninvasive lung cancer diagnostic test.
“The stronger than expected unit growth in the first quarter of 2026 reflects growing recognition of the value that CyPath® Lung brings to clinical decision-making and patient outcomes,” said Maria Zannes, President and CEO of bioAffinity Technologies. “Physicians are seeking more accurate, noninvasive tools to assess lung cancer risk and detect disease at its earliest, most treatable stage. CyPath® Lung is designed to address a critical gap in the diagnostic pathway by supporting lung cancer risk assessment, pulmonary nodule management and post-treatment surveillance. Our growing body of evidence – including real-world case studies – further supports CyPath® Lung’s potential clinical utility.”
Addressing a Large and Growing Clinical Need
The number of patients identified with indeterminate pulmonary nodules continues to rise, driven in part by increases in incidental findings and screening by low-dose CT for high-risk patients. This expanding patient population poses a diagnostic challenge for physicians who have to weigh the benefits and risks of “watchful waiting” versus invasive procedures like biopsy.
Consistent with estimates from the U.S. Preventive Services Task Force, the number of indeterminate pulmonary nodules detected in the U.S. through lung cancer screening and incidental imaging is projected to grow 62% from 2.9 million in 2025 to 4.7 million in 2030. The number of people living with a prior lung cancer diagnosis is projected to increase from 680,000 to more than 871,000 by 2030. Capturing only 10% of both markets represents sales of $358 million for CyPath® Lung, growing to more than $560 million over the next five years. The forecast assumes 10% compound annual growth from 2024–2030, driven by increased lung cancer screening adoption, improved adherence to screening guidelines, and enhanced detection through AI-enabled imaging tools.
CyPath® Lung’s flow cytometry+AI technology is designed to provide actionable information to support clinical decision-making by delivering a binary result – “likely” or “unlikely” malignancy – to the ordering physician. Real-world patient cases have suggested the test’s potential to:
- Help detect lung cancer at Stage 1A, when it is most treatable, as observed in real-world clinical cases.
- Help avoid unnecessary invasive, risky, and costly procedures when the test result is negative (“unlikely” malignancy), based on clinical experience to date.
Executing a Focused Commercial Strategy
bioAffinity Technologies has prioritized CyPath® Lung as its core commercial focus, aligning resources to accelerate adoption and scale. Growth has been driven by:
- Expansion of ordering physician sites.
- Increased peer-to-peer education among pulmonologists.
- Integration of CyPath® Lung into clinical workflows for lung cancer risk assessment and nodule management.
Based on audited financial results, CyPath® Lung revenue increased 87% year over year in 2025, while test units sold grew 99% compared to 2024. These milestones, together with preliminary unaudited growth data for Q1 2026, support the initial phase of the Company’s commercialization strategy and position CyPath® Lung for continued growth.
Positioned for Continued Expansion
The Company is advancing multiple initiatives to further expand the clinical impact of its proprietary technology platform, including:
- A large-scale longitudinal clinical study designed to generate additional validation data for CyPath® Lung.
- Broader use of CyPath® Lung to monitor lung cancer survivors after treatment.
- An R&D pipeline that includes diagnostic tests for asthma and COPD that will help guide personalized treatment with targeted therapies.
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. CyPath® Lung demonstrated 92% sensitivity, 87% specificity and 88% accuracy in detecting lung cancer in patients at high risk for the disease who had small indeterminate lung nodules less than 20 millimeters. Results may vary in broader clinical use.
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), 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 and achieve market acceptance of CyPath® Lung, the Company's ability to achieve and sustain profitability, the preliminary and unaudited nature of certain financial and operating data presented herein, the Company's reliance on a single commercial product, the outcome of ongoing and future clinical studies, the Company's ability to obtain and maintain adequate reimbursement from third-party payors, the regulatory environment for laboratory developed tests, the Company's ability to attract and retain qualified personnel, the Company's need for additional capital to fund operations, competition from existing and new diagnostic technologies, 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260401043688/en/
bioAffinity Technologies
Julie Anne Overton
Director of Communications
investors@bioaffinitytech.com
FAQ**
How is bioAffinity Technologies Inc. Warrant BIAFW positioned to leverage the anticipated growth in the U.S. market for noninvasive lung cancer diagnostics, particularly with the projected increase in pulmonary nodules?
Given the recent 146% growth in unit sales, what specific strategies have been most effective for bioAffinity Technologies Inc. Warrant BIAFW in driving physician adoption of the CyPath® Lung test?
What potential risks do you foresee that could impact the commercial success of bioAffinity Technologies Inc. Warrant BIAFW and its CyPath® Lung product as it competes in a growing market?
How does bioAffinity Technologies Inc. Warrant BIAFW plan to address the regulatory and reimbursement challenges associated with expanding the use of CyPath® Lung in the clinical setting?
**MWN-AI FAQ is based on asking OpenAI questions about bioAffinity Technologies Inc. Warrant (NASDAQ: BIAFW).
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