Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Affymax, Inc.
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http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130403:nBw027007a BENSALEM, Pa.--(Business Wire)-- Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of all purchasers of the securities of Affymax, Inc. ("Affymax" or the "Company") (NASDAQ:AFFY) between December 8, 2011 and February 22, 2013, inclusive (the "Class Period"). Affymax is a biopharmaceutical company engaged in the development of drugs in the United States for the treatment of serious and life-threatening conditions. On February 23, 2013 Affymax and Japan-based Takeda Pharmaceutical Company Limited (Takeda) issued a joint announcement of a nationwide voluntary recall of OMONTYS (peginesatide) Injection. OMONTYS Injection is a treatment for anemia due to chronic kidney disease in adult patients on dialysis. Affymax has a strategic alliance agreement with Takeda to develop and commercialize OMONTYS. According to the Company, the recall is related to "new postmarketing reports regarding serious hypersensitivity reactions, including anaphylaxis, which can be life-threatening or fatal." The Complaint alleges that defendants failed to disclose that 0.02% of patients who were administered OMONTYS experienced fatal anaphylaxis reactions. As a result of this false statement, Affymax stock traded at artificially inflated prices during the Class Period. No class has yet been certified in this action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Affymax shares during the Class Period, you have certain rights, and have until April 29, 2013 to move for lead plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to email@example.com, or visit our website at http://www.howardsmithlaw.com. Law Offices of Howard G. Smith Howard G. Smith, Esquire 215-638-4847 888-638-4847 firstname.lastname@example.org www.howardsmithlaw.com Copyright Business Wire 2013