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Affymax, Inc. (AFFY) Message Board

  • pp51doo_doo pp51doo_doo Apr 23, 2013 7:20 PM Flag

    8-K Quote supporting no bankruptcy.

    ..."structure the company appropriately to support the continuing investigation by Takeda Pharmaceutical Company Ltd. of the OMONTYS product safety issues"...

    Is an appropriate structure for the company to support an investigation bankruptcy of the company? That doesn't sound like support to me.

    Sentiment: Strong Buy

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    • Takeda is paying for certain transition expenses incurred by Affymax for the month of April in connection with the transfer of Omontys and the FDA investigation to Takeda. Noone knows what else Affymax has promised to perform or undertake in connection with the milestone/royalty ageement. Should Affymax wish to emerge as a viable company after any Chapter 11 reorganization, it may have to support the Takeda investigation. Remember, the public policies behind Chapter 11 are not to protect shareholder who are last on the list of claimants. The public policy is to rehabilitate the bankrupt entity so it may emerge from Chapter 11 to do business, hire employees and contribute to the economy.

 
AFFY
0.22+0.02(+7.32%)Aug 29 3:27 PMEDT

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