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Affymax, Inc. (AFFY) Message Board

  • godwinpeak godwinpeak Sep 3, 2013 12:10 PM Flag

    Some of my short thesis

    I am short AFFY. Anyone who follows this board knows this. My short thesis is not predicated on O never coming back. It may, in fact, come back. AFFY says O must come back IN THE NEAR FUTURE for it to survive. I just do not think O is coming back, if ever, soon enough to save AFFY.

    O was "voluntarily recalled" in collaboration with the FDA. The FDA now must consider the O patient deaths (12) and adverse incidents (98) as something that needs to be explained to its satisfaction. To me, it is as if the FDA has issued Takeda/AFFY a complete response letter to O's NDA and Takeda must now satisfy the FDA. I believe it will take at least a new O safety study and time that AFFY does not have.

    So to me, it is not just a "binary event". The question is not just is O ever coming back. The question has more to do with how much time does AFFY have on its side.

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