Dallas, Texas 02/12/2014 (FINANCIALSTRENDS) – Dyax Corp. (NASDAQ:DYAX) is the Burlington, MA based biopharmaceutical company which brings two businesses. The first is the Franchise system called as the Angioedema Phage Display Licensing and the second is the Funded Research Program. The company works on developing as well as identifying treatments for patients who struggle with ailments such as plasma kallikrein or bradykinin, also known as mediated angioedema.
Principal focus
Dyax Corp.(NASDAQ:DYAX) is focused on the development of commercial therapies which will bring relief and care for patients who are suffering from different types of angioedema. This includes such types such as the hereditary angioedema or HAE. Sometimes there are conditions which are caused due ACE-inhibitor which results in the angioedema of another kind, called as ACEI-AE. Another type is the angioedema caused by unknown origin. This is also called as idiopathic angioedema.
Dyax Corp.(NASDAQ:DYAX) has since developed the product called as Kalbitor or ecallantide. However, this can be used in the US only and is approved for treatment of acute instances of HAE. For treating patients who are not in the US, the company has also chosen to commercialize its KALBITOR in some of the markets. However, the use of this drug is yet to be evaluated in some of the markets.
Dyax Corp.(NASDAQ:DYAX) is also known to use its extensive phage display technology along with the Licensing and Funded Research Program to further improve the services and products it offers for treating this condition.
Financial Overview
Dyax Corp.(NASDAQ:DYAX) currently trades on the stock market at $8.67. This price is higher by 3.34%, indicate a steady upward trend for this pharmaceutical company. As of Feb 11,2014, the company reported infra-day high of $8.93 and low of $8.38. The 52 week low for the company stands at $2.26 and the infra-day high is $9.72. The average volume for the stock was 1.03 million. The market cap for the company is reported to be $947.29million. Besides, the EPS is -0.30. Beta is 1.67.