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Affymax (AFFY -7.4%) gets no love from Piper Jaffray's Ian Somaiya today, saying that with...

Affymax (AFFY -7.4%) gets no love from Piper Jaffray's Ian Somaiya today, saying that with Omontys off the market, the company could run out of money much sooner than anticipated. The company currently has $67M in cash, but is burdened with over $50M in outstanding liabilities as of the end of February. This capital burn has the company running out of cash as early as the second-quarter.
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