Dyax Corporation (DYAX) to Raise $40M from Public Offering
Shares of Dyax Corporation (Nasdaq: DYAX) jumped up today after news about the pricing of its $40 million public offering through UBS surfaced. In early trading today, DYAX was up 33 cents (9 percent) to $4.00 per share on volume of 3,596,292 shares.DYAX announced the pricing of an underwritten public offering of 10.5 million shares of its common stock at a public offering price of $3.67 per share for total gross proceeds of $38.5 million. This offering was increased from the previously announced proposed offering size of 9.5 million shares. All of the shares are being offered by DYAX pursuant…