Affymax, Inc. (AFFY) said it may sell up to $60 million of its registered common stock to Azimuth Opportunity, Ltd. under an issuer managed equity facility.
Paul Cleveland, executive vice president and chief financial officer of Affymax said the equity facility provides prudent financing flexibility as the company begins preparation for potential commercial launch of Hematide in the renal anemia market.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.