Town Square

Palo Alto pharma company lays off 230, considers bankruptcy

Original post made on Mar 19, 2013

Affymax, a Palo Alto-based pharmaceutical company, announced March 18 that it would lay off approximately 230 employees -- 75 percent of its workforce -- and is considering sale of the company or bankruptcy.

Read the full story here Web Link posted Tuesday, March 19, 2013, 9:49 AM


Posted by Wondering?, a resident of Fairmeadow
on Mar 19, 2013 at 8:33 pm

The Drug companies say that it sometimes takes 10 years to get a drug through development, testing, trials and approval. It would be interesting to know how long this drug took, from inception to FDA approvals. Would also be interesting to know what the FDA will change any of its testing methodologies to hopefully detect this sort of possible outcome for drugs in their approval pipeline.

Posted by Sieur de L'Enfer, a resident of Palo Alto Hills
on Mar 20, 2013 at 7:49 am

Doesn't the FDA bear some resposibility for what happened to users of this drug?

Posted by the upper end - non sieur, a resident of Palo Alto Hills
on Mar 20, 2013 at 9:18 am

The FDA is the organization that actually tracked and compiled the data that caused the drug to be pulled off the market (not Affymax.)

Why does the FDA bear some "resposibility"?

Posted by local gurl, a resident of Charleston Meadows
on Mar 20, 2013 at 12:00 pm

Sometimes these things don't show up in the test population. It's all about statistics.

Posted by whose fault, a resident of Greater Miranda
on Mar 20, 2013 at 2:46 pm

Isn't the FDA partly responsible, since they cleared the drug for use?

Posted by musical, a resident of Palo Verde
on Mar 20, 2013 at 4:08 pm

How beneficial was this drug to the other 99.8% of the patients?

Posted by Steve C, a resident of Menlo Park
on Mar 21, 2013 at 7:44 am

My thoughts go to the people who lost their incomes. Around these parts, that's the kiss of death.