Dyax Corp.
Dyax Enters into an Exclusive Negotiation Period with Dompe for European License to DX-88 in Angioedema Indications
Published in Surgery Litigation and Law Weekly, August 1st, 2008
Dyax Corp. (NASDAQ: DYAX) announced that the Company has entered into an exclusive negotiation period ending on September 30, 2008 with Dompe Farmaceutici S.p.A. ("Dompe") for a European license to DX-88 in angioedema indications, including hereditary angioedema (HAE), for which the Company recently completed its second Phase 3 trial. As a condition for the exclusive negotiation rights, Dompe entered into a Securities Sale Agreement with Dyax to purchase 2,008,032 million shares of Dyax common stock in a private placement at $4.98 per share, which represents a 57% premium over the closing price on July 10, 2008. The offering, which represents a total investment of $10 million, is expected...
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