Las Vegas, NV -- (SBWIRE) -- 08/22/2013 -- Affymax, Inc. (OTCMKTS:AFFY) announced that the company finally executed an amendment to a lease agreement. The seventh amendment was made on August 14 this year that offers to terminate date of lease agreement at a faster pace.
AFFY said that the lease agreement was originally planned to expire next year on September 30 but according to the seventh amendment, the lease agreement can expire on August 15, 2013.
The company thus terminated the lease agreement and agreed to pay $2.6 million to the Landlord.
Affymax, Inc. is a biopharmaceutical business based in America. The company develop drugs that are involved in treating serious and sometimes life-threatening disorders. The company produces peginesatide that treats anemia in patients with chronic kidney disease. The medicine is an artificial peptide-based erythropoiesis stimulating agent to stimulate production of red blood cells.
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