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Affymax, Inc. (AFFY) Message Board

  • godwinpeak godwinpeak Apr 18, 2013 12:39 PM Flag

    You have to ask yourself. Is the AFFY glass broken or does it just have a hole in its bottom?

    2012 10K book value 22 cents/share. No revenue. No product. Probably half a dozen or fewer employees. Continuing expenses. Crushing litigation. 2012 10K disclosures: might not have enough litiation insurance coverage and bankruptcy certain unless Omontys quickly rehabilitated and introduced into market. Only asset is "blue sky" Takeda promise to pay milestone/royalties IF Omontys reintroduced to market. No unmet medical need served by Omontys where Epogen/Aranesp, with proven safety profiles, are industry standard. PEARL studies and actual patient usage prove Omontys unsafe. I'd say the glass is draining pretty fast to empty.

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