Today's Market View: AFFY, OSIS, XNPT, AU
May 20, 2013 at 13:40 PM EDT
New York, NY -- (SBWIRE) -- 05/20/2013 -- Affymax, Inc.(NASDAQ:AFFY) shares dropped 6.76% to $1.24. In its Form 10-Q filed with the SEC, Affymax on May 9 said it has experienced significant operating losses since inception. The recall of Omontys has severely harmed its business, financial condition, and prospects as a going concern and even with the transition of responsibilities effectuated by the Takeda amendment and the reductions in force, these planned cost reductions may not be sufficient to continue as a going concern.