bioAffinity Technologies Secures Federal Supply Schedule for Lung Test
bioAffinity Technologies & the CyPath® Lung Test
bioAffinity Technologies, Inc. (Nasdaq: BIAF), a pioneering biotechnology firm, is on a mission to improve the landscape of cancer diagnostics. They focus on developing noninvasive tests aimed explicitly at detecting early-stage cancers. The company's revolutionary product, CyPath® Lung, has recently gained significant recognition by being awarded a spot on the U.S. Federal Supply Schedule. This achievement is particularly meaningful as it opens the door for healthcare providers working with Veterans to access advanced diagnostic tools designed for early lung cancer detection.
A Milestone in Cancer Diagnostics
The U.S. Federal Supply Schedule, an essential procurement network, facilitates streamlined access to medical products and services for the Veterans Health Administration (VHA) and the Military Health System. And now, with CyPath® Lung included in this schedule, healthcare professionals within these systems can leverage this innovative noninvasive test to potentially save countless lives.
Understanding the Need for Early Detection
Lung cancer remains a critical challenge, particularly among Veterans who experience higher rates of the disease due to various risk factors, including smoking and environmental exposures encountered during military service. Shockingly, there are 8,000 new lung cancer cases diagnosed among Veterans each year, and it stands as the leading cause of cancer-related death within this community.
Veteran Experiences Highlight the Importance
Maria Zannes, President and CEO of bioAffinity Technologies, shared a personal story, underlining the importance of early detection. Having lost her father to lung cancer at a young age, she is passionate about this cause and delighted that Veterans will have improved access to CyPath® Lung through the VHA and the Department of Defense.
CyPath® Lung: A Game Changer
CyPath® Lung utilizes advanced flow cytometry in conjunction with artificial intelligence (AI) to analyze patient sputum samples effectively. This process aids in identifying potential malignancies with remarkable accuracy. Clinical studies suggest that the test demonstrates a 92% sensitivity and 87% specificity rate when assessing patients with small lung nodules—this means that more patients can receive timely diagnoses and better treatment options.
Strategic Collaborations with Healthcare Systems
Retired Colonel Roby Joyce, M.D., who heads bioAffinity’s Precision Pathology Laboratory Services, articulated the company's commitment to supporting Veterans' health. He emphasized the collaboration with the VA and the Military Health System to enhance care delivery. This partnership is critical in addressing the urgent needs of millions of active-duty military personnel and Veterans who face increased lung cancer risks.
Economic Impact and Efficiency
In addition to its health benefits, the economic implications of using CyPath® Lung are substantial. A recent study indicated that integrating this test could lead to significant savings by minimizing unnecessary follow-up diagnostic assessments and surgeries. The reduced need for costly procedures not only benefits healthcare systems financially but also lessens the burden on patients.
Addressing Public Health Needs
The Veterans Health Administration has taken proactive steps to promote lung cancer awareness and screening through initiatives like the Lung Precision Oncology Program (LPOP). By advocating for annual lung cancer screenings among high-risk individuals, the VHA aims to drastically improve early diagnosis and treatment outcomes.
Conclusion: A Bright Future for Lung Health Testing
The integration of CyPath® Lung into the U.S. Federal Supply Schedule marks a transformative step in the approach to lung cancer diagnostics. The commitment of bioAffinity Technologies to enhancing Veterans' healthcare reflects a broader dedication to improving public health outcomes. As the healthcare landscape continues to evolve, innovations like CyPath® Lung will undeniably play a critical role in shaping the future of cancer detection and treatment.
Frequently Asked Questions
What is CyPath® Lung?
CyPath® Lung is a noninvasive test developed by bioAffinity Technologies specifically designed to detect early-stage lung cancer through advanced sputum analysis.
How does the test work?
The test employs advanced flow cytometry and AI to identify cancerous cells in sputum samples, demonstrating high sensitivity and specificity.
Who can access CyPath® Lung testing?
The test is now available through the U.S. Federal Supply Schedule, making it accessible to healthcare providers working with Veterans.
Why is early detection important?
Early detection of lung cancer can significantly improve treatment outcomes and enhance survival rates among patients, especially Veterans who are at higher risk.
What are the implications for healthcare costs?
By reducing the need for unnecessary diagnostic procedures and surgeries, CyPath® Lung can lead to substantial savings in healthcare costs while providing critical diagnostic capabilities for earlier intervention.
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