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Thursday, December 8, 2011

Biotech/Pharma Stock Trading Alert: Affymax (NasdaqGS: AFFY) Trades Up 37% on FDA Advisory Committee Vote

POINT ROBERTS, December 8, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, issues a trading alert for Biotech/Pharma stock, Affymax, Inc. (NasdaqGS: AFFY) trading at $8.06, up 2.20 (37.50%) 2:09PM EST. The stock has a high of $8.45 in today’s trading session.

Affymax, Inc. (Nasdaq:AFFY) and Takeda Pharmaceutical Company Limited (TSE:4502), announced that the U.S. Food and Drug Administration (FDA) Oncologic Drugs Advisory Committee (ODAC) voted 15 to 1, with 1 abstention, that peginesatide demonstrated a favorable benefit/risk profile for use in the treatment of dialysis patients with anemia due to chronic kidney disease (CKD).


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