In light of its wide distribution and the absence of substantial threats from human activity, the International Union for Conservation of Nature (IUCN) has assessed this species as of Least Concern.
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The spined pygmy shark was one of many new species discovered during the course of the 1907–1910 Philippine Expedition of the U.S. Fish Commission Steamer Albatross.
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It was described by American ichthyologists Hugh McCormick Smith and Lewis Radcliffe in a 1912 paper for the scientific journal Proceedings of the United States National Museum, based on two specimens collected in Batangas Bay, south of Luzon in the Philippines.
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