{"id":6568,"date":"2013-05-20T12:50:45","date_gmt":"2013-05-20T16:50:45","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=6568"},"modified":"2013-05-20T12:50:58","modified_gmt":"2013-05-20T16:50:58","slug":"affymax-inc-nasdaqaffys-shares-down-by-6-02","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/affymax-inc-nasdaqaffys-shares-down-by-6-02-6568","title":{"rendered":"Affymax Inc. (NASDAQ:AFFY)&#8217;s shares down by 6.02%"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 05\/20\/2013 (wallstreetpr) &#8211; The share prices of Affymax Inc. (NASDAQ:AFFY) currently trading at $1.25, down by 6.02%. The biopharmaceutical company traded in the range of $1.32 to $1.46 per share during the session. Affymax Inc. (NASDAQ:AFFY) is involved in the development of drugs for treatment of life threatening and serious diseases and disorders.<\/p>\n<p style=\"text-align: justify;\">The biopharmaceutical company had experienced significant losses since its inception and had filed Form 10-Q with the Securities Exchange Commission to register these losses. The registered losses of the company had led the share prices of Affymax Inc. (NASDAQ:AFFY) to plunge to the new low levels.<\/p>\n<p style=\"text-align: justify;\"><strong>Recall of Omontys<\/strong><br \/>\nAffymax Inc. (NASDAQ:AFFY) had recently recalled its drug Omontys which had severely injured the financial performance of the company. The recall had severely harmed the prospects of the business and had adversely affected its reputation among the investors. Affymax Inc. (NASDAQ:AFFY) presently struggles to regain investor confidence as a going and successful concern, which further plunges the shares to their new low levels.<\/p>\n<p style=\"text-align: justify;\">The company had planned many systematic cost reductions to boost up its revenues in the balance sheet. The steps taken include the Takeda amendment which facilitated the transition of responsibilities, which did not prove to be effective to reduce the losses of Affymax Inc. (NASDAQ:AFFY).<\/p>\n<p style=\"text-align: justify;\">The form 10-Q filed by Affymax Inc. (NASDAQ:AFFY) with the Securities Exchange Commission to register the losses of the biopharmaceutical company had resulted in investor pessimism towards the shares of the company, which are plunging into dips in the market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 05\/20\/2013 (wallstreetpr) &#8211; The share prices of Affymax Inc. (NASDAQ:AFFY) currently trading at $1.25, down by 6.02%. The biopharmaceutical company traded in the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":6569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[1694,1693],"stock_ticker":[],"class_list":["post-6568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-affymax-inc-nasdaqaffy","tag-nasdaqaffy","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Affymax Inc. 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