Radioimmunoassay (RIA) is a sensitive technique for detecting antigens and antibodies developed in 1960 involving competitive binding of radiolabeled and unlabeled antigens to an antibody. The unlabeled antigen in a test sample competes with the radiolabeled antigen for antibody binding sites, and measuring the decrease in bound radiolabeled antigen allows determining the concentration of unlabeled antigen. RIA is widely used in clinical applications like hormone assays and drug testing due to its high sensitivity, but requires radioactive materials that pose handling hazards and expenses.