BK is Imminent as Work out group on Board at Affymax
Affymax has (1) renegotiated the deal with Takeda so at least the company gets something IF the drug is relaunched, (2) laid off most everyone and told the remaining staff when they are scheduled to leave (3) paid off debt and (4) hired a work out specialist to negotiate the AP, leases etc. This is a small unprofitable biotech does when you are going out of business or BK. They do not have the cash to defend the lawsuits nor complete the investigation let alone restart the company. There is nothing left for shareholders. Call me a basher if you must. Many years in business operations allows me to reach the correct conclusion here. I wish it were not so.