Dyax Corp. (DYAX) Sells 7.4M Shares at $2.02
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Dyax Corp. (NASDAQ: DYAX) agreed to sell 7,425,743 shares of its common stock at a price of $2.02 per share in an underwritten public offering with no warrants. The price per share is equal to the closing price of Dyax’s common stock on June 24, 2009.
Deutsche Bank Securities Inc. is the sole underwriter for the offering.
Dyax intends to use the net proceeds from the offering to fund the development and commercialization of DX-88, the Company’s ongoing research and preclinical activities, and for general corporate purposes
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