Dyax Corp. Enters into New Loan Agreement with Cowen Healthcare Royalty Partners

Published: Jan 04, 2012

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Dyax Corp. (NASDAQ: DYAX) announced today that it has entered into a loan agreement with an affiliate of Cowen Healthcare Royalty Partners (“Cowen Royalty”) through which it has received an initial loan of $20 million and a commitment to refinance its existing debt with Cowen Royalty at a reduced interest rate in August 2012.

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