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Affymax, Inc. Message Board

  • foggiafc foggiafc Apr 24, 2013 9:36 PM Flag

    Why a buy-out is a more realistic option

    Affy has hired the services of TBG to restructure the company. TBG is a specialist that will work to cut expenses, regotiate leases and in extreme cases prime the company for BK and winding down of operation. I don't think Affy is there. O is a billion dollar drug that had a fatal side effect in 0.02% of patients from 25000 that were treated. Affy might be in a weak position but it is not going to sell it's intellectual property for pennies on the dollar. It's no longer in a position to come back as a fully fledged leaner company. I think that's pie in the sky. Leaves us with a shell company or get bought out. I just don't see it as existing as a shell company and collecting royalties whilst Takeda does all the leg work. That's an unrealistic concept. Takeda being the senior and much bigger partner will not want to give hundreds of millions a year year after year. Takeda has the clout and resources to conduct a thorough investigation for months. Affy is in a weak position and cannot afford for O to be on the market for too long and Takeda knows it. I believe Takeda will want O and will just buy-out Affyl. Why not have your own cake and eat it as well. Buy-out price I say 5-7 dollars a share. If we hit the lottery jacket, then 10. I think it will happen soon. JMHO. GLTA to all longs

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