Affymax slashes workforce following Omontys problems; evaluating options
US biopharma company Affymax (Nasdaq: AFFY) says that it will reduce its workforce as part of a plan to focus the company’s resources on the ongoing investigation of reported hypersensitivity reactions in patients receiving the anemia drug Omontys (peginesatide) Injection following the nationwide voluntary recall of product from the market. Affymax' shares plunged nearly 57% to $1.27 in extended trade on Monday.
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