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materiality 0.50
bioAffinity signs distribution agreement with AvMEDICAL for CyPath Lung in federal healthcare
bioAffinity Technologies, Inc.
- Distribution agreement with AvMEDICAL (SDVOSB) to market CyPath Lung to federal agencies, including VA medical centers.
- AvMEDICAL's sales force and IDIQ contract access expected to expand government procurement of CyPath Lung.
- CyPath Lung clinical data: 92% sensitivity, 87% specificity, 88% accuracy, 99% NPV in high-risk patients with nodules <20mm.
- VA context: ~8,000 veterans diagnosed with lung cancer annually; ~5,000 die; early detection goal.
- Co-branded marketing and AvMEDICAL promotion to federal customers; no financial terms disclosed.