Attn: Chris Dammann VP, Business Development Re: Seventh Extension of Letter Agreement

Exhibit 10.36

[ENTREMED Letterhead]

Affymax, Inc. 0000 Xxxxxxx Xxxxxx Xxxx Xxxx, Xxxxxxxxxx 00000		February 23, 2007
Attn:	Xxxxx Xxxxxxx VP, Business Development
Re:	Seventh Extension of Letter Agreement

Dear Xxxxx:

        I am writing with reference to the Letter Agreement between Affymax, Inc. (“Affymax”) and EntreMed, Inc. (“EntreMed”) dated as of September 20, 2004 (together with each of the exhibits thereto, as amended, the “Letter Agreement”) and the related First Extension Letter dated as of August 23, 2005 between Affymax and EntreMed (the “First Extension Letter”), pursuant to which EntreMed and Affymax agreed to extend the Term of the Letter Agreement to December 31, 2005, and the subsequent Second Extension Letter dated as of December 19, 2005 between Affymax and EntreMed (the “Second Extension Letter”), pursuant to which EntreMed and Affymax agreed to further extend the Term of the Letter Agreement to February 28, 2006, and the subsequent Third Extension Letter dated as of February 28, 2006 between Affymax and EntreMed (the “Third Extension Letter”), pursuant to which EntreMed and Affymax agreed to further extend the Term of the Letter Agreement to May 31, 2006, and the subsequent Fourth Extension Letter dated as of May 24, 2006 between Affymax and EntreMed (the “Fourth Extension Letter”), pursuant to which EntreMed and Affymax agreed to further extend the Term of the Letter Agreement to August 31, 2006, and the subsequent Fifth Extension Letter dated as of August 23, 2006 between Affymax and EntreMed (the “Fifth Extension Letter”), pursuant to which EntreMed and Affymax agreed to further extend the Term of the Letter Agreement to November 30, 2006 and the subsequent Sixth Extension letter dated as of November 27, 2006 between Affymax and EntreMed (the “Sixth Extension Letter”), pursuant to which EntreMed and Affymax agreed to further extend the Term of the Letter Agreement to February 28, 2007.  All capitalized terms used but not defined herein shall have the meaning given to such terms in the Letter Agreement.

        As both parties would like to continue the Research Collaboration under the Letter Agreement, pending our current negotiations relating to a Co-Development Agreement, the Term of the Letter Agreement is agreed to be further extended to May 31, 2007. Both Affymax and EntreMed acknowledge and agree that, except as otherwise set forth in herein, all terms and conditions of the Letter Agreement, the First Extension Letter, the Second Extension Letter, the Third Extension Letter, the Fourth Extension Letter, the Fifth Extension Letter and the Sixth Extension Letter would remain unchanged and in full force and effect.

        Please confirm your agreement to extend the Term of the Letter Agreement (including, without limitation, the period to enter into a Co-Development Agreement) to May 31, 2007, by countersigning this Letter and returning the countersigned letter to EntreMed.

	Very truly yours,
	EntreMed, Inc.
	By:	/s/  XXXX XXXXXXX
		Name: Xxxx Xxxxxxx Title: Vice President Corporate Development
ACCEPTED AND AGREED:
Affymax, Inc.

By:		/s/  XXXXX XXXXXXX
		Name: Title: Date:

EntreMed, Inc. / 0000 Xxxxxxx Xxxxxx Xxxxx / Xxxxxxxxx, XX 00000
000.000.0000 phone / 000.000.0000 fax