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Affymax, Inc. (AFFY) Message Board

  • dinepat203 dinepat203 Apr 17, 2013 9:29 AM Flag

    We need whistleblower to come forward & unfold AMGN -PONZI SCHEME

    Omontys, could provide a less expensive alternative for dialysis providers and for Medicare, which pays for most dialysis, even for those under 65 years old.

    “We have suffered under a monopoly now for many years, and Amgen has done pretty much whatever they’ve pleased,” said Dr. John H. Sadler, chief executive of the Independent Dialysis Foundation, a small nonprofit dialysis provider in Baltimore.

    The prices dialysis providers negotiate with Amgen help determine their profitability, he and other dialysis industry executives say. Without competition, Amgen has been free to set prices and recently raised them significantly, according to some of the executives.

    Affymax is entering the market as use of the anemia drugs is declining because of safety concerns and a new Medicare payment system. Sales of Epogen, Amgen’s main drug for dialysis, dropped to $2 billion in 2011 from $2.5 billion in 2010.

    Amgen has also taken steps to lock Affymax out of the market, signing contracts with the two big dialysis chains that together treat around two-thirds of the nation’s roughly 400,000 dialysis patients, virtually all of whom have anemia.

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