bioAffinity Technologies (NASDAQ:BIAFW) Trading Down 10.8% – Here’s What Happened

Shares of bioAffinity Technologies, Inc. (NASDAQ:BIAFWGet Free Report) were down 10.8% during trading on Friday . The stock traded as low as $0.33 and last traded at $0.33. Approximately 100 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 9,167 shares. The stock had previously closed at $0.37.

bioAffinity Technologies Stock Performance

The company has a 50-day moving average of $0.33 and a 200-day moving average of $0.22.

About bioAffinity Technologies

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bioAffinity Technologies, Inc is a clinical-stage medical device company developing an extracorporeal immunoadsorption platform intended to treat Gram-negative sepsis and other severe inflammatory conditions. The company’s technology employs specialized sorbent cartridges designed to selectively bind and remove circulating endotoxins and inflammatory mediators from the bloodstream, with the goal of supporting critical care interventions and improving patient outcomes.

In preclinical studies, bioAffinity’s hemoperfusion devices have demonstrated the ability to capture lipopolysaccharides released by Gram-negative bacteria, leading to reductions in pro-inflammatory cytokines and enhanced survival rates in animal models.

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