AFMD News & Events

Affimed announced that it has received a written notice from the staff of the Nasdaq Listing Qualifications Department notifying the company that, in accordance with Nasdaq Listing Rule 5101, 5110(b) and IM-5101-1, the trading of the company's common shares will be suspended at the opening of business on May 20, and a Form 25 Notification of Delisting will be filed with the U.S. SEC to delist the company's securities from The Nasdaq Stock Market. The company does not expect to appeal this determination.

H.C. Wainwright downgraded Affimed to Neutral from Buy without a price target after the company announced its decision to file an application for opening of insolvency proceedings with the local court of Mannheim in Germany. Filing for the insolvency proceedings results in Affimed's common shares being suspended from trading on, and subsequent delisting from the Nasdaq, the analyst tells investors in a research note.