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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.