Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, biopharmaceutical company Affymax (NAS: AFFY) has received a distressing two-star ranking.
With that in mind, let's take a closer look at Affymax's business and see what CAPS investors are saying about the stock right now.
Palo Alto, Calif. (2001)
CEO John Orwin
CFO Herbert Cross
$98.5 million / $0.0 million
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 24% of the 132 members who have rated Affymax believe the stock will underperform the S&P 500 going forward.
I suspect the share price and the drug sales of Omontys will be rather ANEMIC in the ... short run.
Overall ... approval of Affymax's injectable drug Omontys, once [monthly] for those with kidney disease, should be lower cost than the monopoly drugs currently on the market.
The rise in share price prior to the announcement pretty much values Affymax [fairly] for now, especially with the split that will go to [Takeda Pharmaceutical]. ... The road to production is generally long and those investing in FDA catalyst drugs are generally not loyal.
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At the time thisarticle was published Fool contributorBrian Pacamparaowns no position in any of the companies mentioned. The Motley Fool owns shares of Johnson & Johnson.Motley Fool newsletter serviceshave recommended buying shares of Johnson & Johnson and creating a diagonal call position in Johnson & Johnson. The Motley Fool has adisclosure policy. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.
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