Affymax Shares Fall Amid Plan to Halt Expansion of Pilot, Pare Loss as Analysts Defend

Shares of Affymax (NASDAQ: AFFY ) gapped more than 30 percent lower at Thursday morning's open following an 8-K which disclosed the company will halt the expansion of its Omontys pilot. The company suggested continuing use of Omontys for the management of anemia. The stock began bouncing shortly after the