Affimed N.V. shares fall 61.62% premarket after filing for insolvency proceedings.
ByAinvest
Tuesday, May 13, 2025 8:56 am ET1min read
AFMD--
Affimed N.V. dropped 61.62% in premarket trading, following the company's announcement of filing for insolvency proceedings with the local court of Mannheim in Germany. The company has been unable to raise sufficient additional funds to continue operations despite ongoing fundraising efforts. Additionally, Leerink downgraded Affimed to Market Perform from Outperform, further contributing to the negative sentiment.
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