Before The Bell

Affymax Inc. (AFFY) Plunged To A New Low After Drug Recall

Affymax Inc. (AFFY) and Takeda Pharmaceutical announced Saturday that they have decided to voluntarily recall all lots of OMONTYS Injection to the user level, as a result of new postmarketing reports regarding serious hypersensitivity reactions, including anaphylaxis.

Affymax gapped open dramatically lower Monday, but traded in a narrow range throughout the session. The stock closed down by 14.10 at $2.42 on the highest volume of the year. Affymax plummeted to a new low for the year.

by RTTNews Staff Writer

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