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Enter Symbol:
 
Affymax, Inc. (AFFY) [hlAlert]

Rating:
Hold AFFY

Affymax, Inc. (AFFY) rated Hold with price target $5 by Auriga U.S.A

Posted on: Monday,  Oct 11, 2010  8:25 AM ET by Auriga U.S.A

Auriga U.S.A rated Hold Affymax, Inc. (OTCBB: AFFY) on 10/11/2010. Previously Auriga U.S.A rated Buy Affymax,
Inc. (OTCBB: AFFY) on 04/16/2010., when the stock price was $23.75. Since then, Affymax, Inc. has lost 65.56% of its value until Auriga U.S.A rated AFFY Buy on 06/21/2010, when the price was $8.18. .

Affymax, Inc. is a biopharmaceutical company developing peptide-based drugs to improve the treatment of serious and often life-threatening conditions. The Company's product candidate, Hematide, is designed to treat anemia associated with chronic renal failure. Hematide is a relatively small synthetic peptide-based erythropoiesis stimulating agent (ESA), which it is developing for the treatment of anemia patients with chronic renal failure. The Company is conducting Phase III clinical trials in patients suffering from chronic renal renal failure, on dialysis and not on dialysis (pre-dialysis). In August 2008, the Company and Takeda Pharmaceutical Company Limited (Takeda), agreed to suspend development of Hematide to treat chemotherapy induced anemia.

Auriga is committed to providing our clients with market information flow, investment ideas and access to industry experts. We strive to provide value through unique industry knowledge. Our growing research practice is being built with domain experts who have a strong reputation amongst institutional investors. Auriga’s research analysts have also been recognized by numerous industry publications including, The Wall Street Journal and Bloomberg. Our bottom-up fundamental approach is data point driven with a primary focus on growth sectors within the technology and healthcare verticals.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/11/2011 8:25 AM Buy
None
7.00 10.00
as of 12/31/2010
1 Week   
1 Month   
3 Months   
1 YTD down  -65.55 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/11/2010 8:25 AM Hold
None
5.62 5.00
6/21/2010 10:25 AM Hold
None
8.18 9.00
4/16/2010 8:25 AM Buy
None
23.75 36.00

(*) Stock Price at the time of the recommendation.
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