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Affymax, Inc. (AFFY) Message Board

  • bbondslf25 bbondslf25 Dec 28, 2013 11:59 AM Flag

    I asked EXP and here is the latest update he has-

    Hi - As far as AFFY – Takeda is in control here....probably buying up all the float? Not sure.

    This is my last update from Wes Rose, acting President at Affymax.....

    • They are in contact with Takeda
    • He can’t report anything from Takeda or the FDA
    • There is apparently No agreement on the next steps between the FDA and Takeda....its ongoing
    • Takeda is not done here
    • The lights are still on
    • Brenner Group is on the board, working with the board, and Wes is still answering investor calls
    • There is no telling what will happen here good or bad until Wes hears from Takeda.
    • Expenses involved include - the filings and investor lawsuits and few employees....everything else has been cut down to the bone.
    • The FDA may give Takeda the go ahead to reintroduce OMONTYS and Takeda may decline...we just don’t know what Takeda will do.
    • Ultimately Takeda is in complete control.

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