Dyax (NASDAQ: DYAX) Shares Continue To Climb | Here’s Why!

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DYAX Corp. Stock NewsDyax Corp. (NASDAQ: DYAX)

Dyax stock has had an amazing week in the market. After climbing more than 40% on April 1st, the stock has continued the upward momentum. So, a couple big questions are starting to pop up. “Why is DYAX climbing so much?” and “Will the upward momentum continue?” Let’s take a look and find out!

Why DYAX Is Up

There are a couple of reasons that DYAX is climbing at the moment…

  • Early Angioedema Drug Results – Early testing of Dyax Corp.’s new angioedema drug proved to be a hit. As a matter of fact, analysts were throwing around words like “best-in-class” and wondering whether or not DYAX had found a cure. As a result, we saw the 40%+ stock price jump on April 1st.

  • Secondary Offering – Recently, DYAX announced a new public offering of 7 million shares of common stock. They also set an overallotment option for an additional 1.05 million shares to be offered. Overall, these shares will bring a value of more than $230 million considering that the price per share doesn’t move.

Will Dyax Corp. Continue To Grow?

In my opinion, we’re going to see a lot more upward momentum from this one moving forward. The bottom line is that the company has broken ground on a new treatment that looks to be best in class and could eliminate HEA attacks all together for some patients! That’s absolutely amazing. Considering the overwhelming positive results, I’d assume that the next phases of testing will be just as if not more appealing and we’ll see more upward price movement as a result.

Don’t Forget About Small Cap BioTech Volatility

While I do believe that the upward trend is going to continue, I think it’s important that investors and traders remember that when it comes to small cap biotech stocks, we tend to see quite a bit of volatility. So, chances are that this will not be a straight line to the top; we will see declines here and there. Nonetheless, in the long run, this looks to be a great investment option.

What Do You Think?

Do you think DYAX will continue the upward momentum? Let us know in the comments below!

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