SECURITIES AND EXCHANGE COMMISSION
                                   Washington, D.C.

     Litigation Release No. 15750 / May 20, 1998

     SEC v. MARY ANN SHANK, KENNETH R. ROOP, DONALD M. SCHWARTZ, and
     MILDRED SHANK, Civil Action No. C-96 20757 (JW)(EAI) (N.D. Cal.)

          The Securities and Exchange Commission announced today that on
May,
     18, 1998, the Honorable James Ware, United States District Judge,
entered
     Final Judgments against defendants Mary Ann Shank, Kenneth R. Roop,
and
     Donald M. Schwartz.  Each of the defendants consented to the entry of
the
     Final Judgments without admitting or denying the allegations contained
in
     the Commission's Complaint.  The entry of the Final Judgments ends the
     Commission s case concerning insider trading in Affymax N.V. stock as
to
     all defendants.

          The Final Judgment as to Shank (i) permanently restrains and
enjoins
     her from committing future violations of the anti-fraud provisions of
the
     federal securities laws and (ii) orders her to pay disgorgement in the
     amount of $147,500, which represents the gains of another individual
who
     traded in Affymax N.V. stock, plus pre-judgment interest thereon in
the
     amount of $32,721, but waives payment of such amounts based upon
Shank's
     demonstrated inability to pay.  Neither Shank nor Roop themselves
bought or
     sold any Affymax securities.

          The Final Judgment as to Roop (i) permanently restrains and
enjoins
     him from committing future violations of the anti-fraud provisions of
the