Las Vegas, NV -- (SBWIRE) -- 12/03/2013 -- Affymax, Inc. (OTCMKTS:AFFY) updated the shareholders and investors about its financial position by declaring quarterly report for period ended September 30, 2013. The company did not earn revenues during the quarter.
Affymax did not pay any costs of revenues. The operating loss of the company was $1.69 million mainly coming from selling general and administrative expense of $1.88 million.
The net loss of the company was $1.69 million as compared to the net income of $15.37 million during quarter ended June 30, 2013. The net loss is however lesser than $26.67 million loss of quarter ended March 31, 2013.
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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