Dyax Corp. Announces Underwriters' Exercise of Over-allotment Option

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Dyax Corp. (NASDAQ: DYAX) announced today that the underwriters have exercised in full their over-allotment option and will purchase an additional 1,575,000 shares of its common stock at a public offering price of $3.67 per share, which will bring the aggregate net proceeds from the offering to approximately $41.3 million. The over-allotment option was granted to the underwriters by Dyax in connection with its recent offering of common stock. All of the shares are being offered by Dyax pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission.