Squitieri & Fearon, LLP Pursues Claims Against Affymax, Inc. -- AFFY

Squitieri & Fearon, LLP Pursues Claims Against Affymax, Inc. -- AFFY

NEW YORK, April 4, 2013 (GLOBE NEWSWIRE) -- The following statement was issued
today by Squitieri & Fearon, LLP.

Squitieri & Fearon, LLP announces that it is pursuing claims for purchasers of
Affymax, Inc. (Nasdaq:AFFY) securities during the period between December 8,
2011 and February 22, 2013 (the "Class Period"). A class action has been filed
in the United States District Court for the Central District of California on
behalf of those purchasers charging that certain officers of the company
violated the federal securities laws by issuing a series of materially false
and misleading statements to the market throughout the Class Period about the
Company and by failing to disclose material information about problems with
the company's OMONTYS Injection, including that three were reports of
life-threatening and fatal reactions associated with the product. When the
market learned the truth, the price of the company's stock declined
substantially and now trades at approximately $1.13 per share.

We are pursuing whether there are claims to recover damages on behalf of all
purchasers of the Company's securities during the Class Period. Excluded from
the proposed Class are the defendants and members of their immediate families,
any entity in which a defendant has a controlling interest and the heirs of
any such excluded party.

Squitieri & Fearon, LLP has significant experience prosecuting class actions
on behalf of investors and shareholders.

If you are a member of the Class described above, you may, no later than April
29, 2013 move the Court to serve as lead plaintiff of the Class, if you so

If you wish to discuss your rights in connection with the HNR stock or have
any questions concerning this notice or your rights or interest, please
contact Stephen J. Fearon, Jr. of Squitieri & Fearon, LLP by email at
stephen@sfclasslaw.com or by phone at (212) 421-6492. You can also review more
information about this at the following web site:

Attorney advertising. Prior results do not guaranty a similar outcome.
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