The type of assay being used is the PubChem BioAssay, which is being utilized for the purpose of confirming the dose response of small molecule inhibitors of the Low Molecular Weight Protein Tyrosine Phosphatase (LMPTP) in an orthogonal absorbance-based assay. This particular assay falls under the confirmatory class and is directly associated with a single protein target. Additionally, it is important to note that the assay category for this procedure is also confirmatory, with the assay organism being the Homo sapiens species. Finally, the assay type description is functional in nature, highlighting the reliability and effectiveness of the assay technique being employed. Can the molecule be considered as having the necessary level of effectiveness for this particular assay that is being conducted?