Dyax Announces Proposed Public Offering of 7,000,000 Shares of Common Stock

BURLINGTON, Mass.--(BUSINESS WIRE)--Dyax Corp. (NASDAQ: DYAX) today announced that it is offering, subject to market and other conditions, to sell 7,000,000 shares of its common stock in a proposed underwritten public offering. Dyax intends to grant the underwriters a 30-day option to purchase up to an additional 1,050,000 shares of its common stock. All shares to be sold in the offering are being sold by Dyax.