bioAffinity Technologies Announces Award of Japanese Patent for CyPath® Lung
30 Ottobre 2024 - 1:00PM
Business Wire
bioAffinity Technologies, Inc. (Nasdaq: BIAF;
BIAFW), a biotechnology company focused on the need for
noninvasive tests for the detection of early-stage lung cancer and
other lung diseases, today announced that the Japan Patent Office
has issued a Certificate of Grant of Patent to bioAffinity
Technologies for the method of predicting the likelihood of lung
cancer used by the CyPath® Lung diagnostic test for early-stage
lung cancer.
The Japanese patent, titled “System and Method for Determining
the State of Health of the Lungs,” is an important addition to
bioAffinity Technologies’ patent portfolio, which includes 17
awarded U.S. and foreign patents and 30 pending patent applications
related to its diagnostic platform and cancer treatment
therapeutics. The Japanese patent is the first awarded for the
CyPath® Lung flow cytometry test as a stand-alone assay for the
detection of lung cancer.
“The Japanese patent for CyPath® Lung is a significant step
forward in extending protection for the intellectual property
behind our innovative, noninvasive test for early-stage lung
cancer. We anticipate patents in additional geographic regions will
follow,” bioAffinity Technologies President and CEO Maria Zannes
said. “Lung cancer is the deadliest cancer worldwide. We believe
CyPath® Lung has the potential to improve the outcome for lung
cancer patients around the globe through earlier detection when
treatment options are better. Strong intellectual property
protection for CyPath® Lung benefits not only patients and their
physicians, but also our shareholders and our Company. Our
scientific team continues research and development on diagnostics
that will open new markets for bioAffinity Technologies.”
About CyPath® Lung
CyPath® Lung uses proprietary advanced flow cytometry and
artificial intelligence (AI) to identify cell populations in
patient sputum that indicate malignancy. Automated data analysis
helps determine if cancer is present or if the patient is
cancer-free. CyPath® Lung incorporates a fluorescent porphyrin that
is preferentially taken up by cancer and cancer-related cells.
Clinical study results demonstrated that CyPath® Lung had 92%
sensitivity, 87% specificity and 88% accuracy in detecting lung
cancer in patients at high risk for the disease who had small lung
nodules less than 20 millimeters. Diagnosing and treating
early-stage lung cancer can improve outcomes and increase patient
survival. For more information, visit www.cypathlung.com.
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. 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 based upon current estimates and assumptions and
include statements regarding patents in additional geographic
regions following the Japanese patent, improving the outcome for
lung cancer patients around the world through earlier detection
when treatment options are better, strong intellectual property
protection benefitting patients, their physicians, the Company and
the Company’s shareholders, and the Company’s scientific team
continuing research and development on diagnostics that will open
new markets for the Company. 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 protect its intellectual property with both U.S. and foreign
patents, the Company’s ability to open new markets 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/20241030599304/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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