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Affymax, Inc.

Peptide drug maker completes Series C financing, adds new board member

Published in Pharma Investments, Ventures and Law Weekly, May 16th, 2004

Affymax, Inc., announced that the company raised an additional $20 million through an extension of its Series C financing led by Bear Stearns Health Innoventures (BSHI).

The company also announced that Elizabeth A. Czerepak, a managing partner of BSHI, has joined Affymax's board of directors. Czerepak brings 18 years of experience in the pharmaceutical industry to Affymax. Existing investors, Apax Partners, MPM Capital and Sprout Group, also participated in the extension as well as an earlier close of this financing round. The company raised a total of $40 million from the Series C financing.

"As we prepare to enter the clinic with our first drug...

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