Dyax Corp. Announces Key Management Team Promotions

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Dec. 9, 2005--Dyax Corp. (Nasdaq: DYAX) today announced several key management promotions. Thomas R. Beck, M.D. has been promoted to President and Chief Operating Officer, Clive Wood, Ph.D. has been promoted to Executive Vice President, Discovery Research and Chief Scientific Officer and Ivana Magovcevic-Liebisch, Ph.D., J.D. has been promoted to General Counsel and Executive Vice President, Corporate Communications. As Chairman and Chief Executive Officer, Henry Blair will continue to lead the management team of Dyax.

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