CAMBRIDGE, Mass.--(BUSINESS WIRE)--Dyax Corp. (NASDAQ:DYAX) announced today that it has entered into a committed equity financing facility under which it may sell up to $50 million of its common stock to Azimuth Opportunity, Ltd. over an 18-month period. The Company is not obligated to issue any shares to Azimuth under the $50 million facility and remains free to enter into other equity and debt financing transactions. Dyax did not pay a commitment fee, or issue any warrants, to secure this facility.
