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Affymax, Inc. (AFFY)

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  • Nov. 28, 2014, 11:01 AM
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  • Jun. 24, 2014, 6:28 PM
    • With no hope for a return to the market for Omontys, Affymax's (AFFY) BOD approves the liquidation and dissolution of the company, subject to shareholder approval. It will distribute all available cash as soon as legally possible. The total amount to be distributed appears to be ~$4M which equates to only ~10 cents per common share (~37.5M shares outstanding).
    • The BOD intends to call a special meeting of shareholders to vote on the matter and will file all proxy materials with the SEC as soon as feasible.
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  • Jun. 16, 2014, 10:01 AM
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  • Aug. 29, 2013, 3:17 PM
    • It's been another eventful session for shares of Affymax (AFFY +4.6%) after Seeking Alpha contributor EXPstocktrader helped the stock's cause by advising  investors not to "confuse the word 'recall' to mean canceled or revoked" in reference to the company's anemia drug Omontys.
    • The shares were trading up around 10% before SA contributor Alpha Exposure (whose article appears to have contributed to yesterday's rout) penned a fresh piece reiterating the position that "Omontys is unlikely to be approved to return to market and that Affymax's stock will probably be worthless."
    • AFFY pared gains midday and is now trading moderately higher, but still off considerably from Monday's close.
    • Yesterday: AFFY tumbles
    | 4 Comments
  • Aug. 28, 2013, 3:42 PM
    • Shares of Affymax (AFFY -12.4%) — which ran square into a brick wall earlier this year after the recall of the anemia drug Omontys — sell-off sharply as SA contributor Alpha Exposure calls the stock "likely worthless" in an article published around midday.
    • "Too many stars would have to align" for the drug to make a comeback, Alpha Exposure says, before listing seven steps which would define "the road back."
    • The author lists a whole host of other concerns and calls the bull case "far fetched."
    • By contrast, SA contributor EXPstocktrader — who, according to one article has spent "120-150 hours" researching "this special situation" — is "highly confident that Omontys will return to the market under a new label based on the fact that 3 fatalities out of 25,000 is considered statistically insignificant."
    | 3 Comments
  • Jun. 12, 2013, 12:45 PM
    Midday top 10 gainers: CERE +73%. CTB +41%. SGOC +28%. ULTA +17%. GPRC +14%. SE +10%. UQM +9%. AFFY +9%. AMED +9%. HMA +9%.
    Midday top 10 Losers: IQNT -17%. KNDI -17%. CLSN -14%. TELK -12%. RLOG -12%. VRTB -11%. OSH -11%. CBAK -11%. ECTE -10%. CTC -10%.
    | 1 Comment
  • Jun. 10, 2013, 12:45 PM
    Midday top 10 gainers: SGOC +25%. ACAD +17%. STEL +17%. MPAA +14%. TRMD +9%. OVAS +13%. CLIR +13%. TPLM +12%. RVLT +13%. KNDI +12%.
    Midday top 10 Losers: DVAX -35%. OSH -18%. ECTE -16%. AFFY -14%. AEPI -14%. OMX -12%. SHI -12%. PLM -11%. GNRC -11%. CBAK -11%.
    | 1 Comment
  • Jun. 7, 2013, 12:45 PM
    Midday top 10 gainers: OSH +23%. WSBF +19%. OPTT +17%. CSFS +14%. BDBD +13%. JKS +11%. ROSG +11%. THO +10%. ECTY +10%. KFS +9%.
    Midday top 10 Losers: FSGI -56%. TIVO -17%. USM -17%. IRM -16%. ZQK -12%. JRCC -11%. LQDT -11%. AFFY -10%. CBPO -10%. TRUE -8%.
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  • Jun. 5, 2013, 11:12 AM
    Affymax (AFFY -3.8%) takes a bit of mid-day pressure ahead of its pending delisting from the Nasdaq tomorrow. The company plans to list on the OTCBB. The company was notified by regulators late last week that it was operating as a "public shell" and following the voluntary recall of Omontys, it no longer has an operating business.
    | 1 Comment
  • Jun. 3, 2013, 12:43 PM
    Affymax (AFFY -19.3%) will be delisted by Nasdaq at the close of Wednesday's trading, after the biotech developer declined to appeal a ruling that "the company no longer has an operating business" and is instead a "public shell" due to the recall of its anemia drug Omontys. The company also announced that it was paying out $6M to two suppliers of the drug's ingredients.
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  • Jun. 3, 2013, 9:13 AM
    Premarket gainers: ASI +21%. TEAR +11%. PPHM +12%. OSH +9%. CLP +7%. MTL +6%. SODA +5%. INFY +5%.
    Losers: AFFY -27%. INFI -16%. NBG -13%. SNTA -12%.
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  • May. 31, 2013, 5:01 PM
    Affymax (AFFY) says it's received a determination letter from Nasdaq indicating that it believes it should be delisted. Specifically, Nasdaq notified AFFY that it's operating as a “public shell,” since its voluntary recall of Omontys means the company essentially no longer has an operating business. AFFY doesn't plan to appeal. Shares -22% AH.
    | 5 Comments
  • May. 31, 2013, 4:00 PM
    Shares of Affymax (AFFY +31.5%) soar today on the back of what appears to be a massive short squeeze. The most recent data on the stock has short interest rising 43% from the start to middle of May, with around 18.5M shares currently out on loan, or 50% of its float.
    | 1 Comment
  • May. 31, 2013, 9:14 AM
    Premarket gainers: OVTI +21%. NBG +19%. AFFY +8%. CLSN +8%. KKD +7%. ETRM +6%. LEDS +6%. GES +5%.
    Losers: PANW -13%. PLM -12%. MHGC -7%. NMR -6%
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  • May. 15, 2013, 9:14 AM
    Premarket gainers: CHCI +41%. DVR +25%. CLNT +14%. VIPS +13%. EJ +11%. AFFY +9%. CHLN +9%. SPWR +8%. AVEO +5%.
    Losers: XONE -10%. RMTI -8%. WMC -5%.
    | 2 Comments
  • May. 13, 2013, 9:10 AM
    Premarket gainers: UNIS +25%. SUTR +20%. THRX +13%. PERI +13%. NBG +11%. IGLD +10%. TSLA +6%. CSIQ +5%. SPWR +5%.
    Losers: AFFY -8%. UNXL -5%.
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Company Description
Sector: Healthcare
Industry: Biotechnology
Country: United States