other material
confidence high
sentiment positive
materiality 0.55
bioAffinity Technologies Receives Japan Patent Allowance for CyPath Lung Early Lung Cancer Test
bioAffinity Technologies, Inc.
- Japan Patent Office issued a Notice of Allowance for bioAffinity's method of predicting lung cancer likelihood using the CyPath Lung test and AI-built algorithm.
- Patent would be the first awarded in Japan for CyPath Lung and the fifth protecting the early lung cancer test in Asia, including China and Hong Kong.
- bioAffinity's portfolio includes 22 awarded U.S. and foreign patents and 36 pending applications; issuance expected after payment of applicable fee.
- CEO Maria Zannes said the patent strengthens IP protection in Asian markets; CyPath Lung showed 92% sensitivity, 87% specificity, 88% accuracy, and 99% NPV.
- Company trades on Nasdaq Capital Market under BIAF for common stock and BIAFW for warrants to purchase common stock.