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Biotech / Medical : Biotech & Pharma.T.A,

BIB 83.68

+0.1%

Nov 28 4:00 PM EST

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To: Jibacoa who wrote (1233)	2/12/2008 10:30:00 AM
From: Jibacoa	Read Replies (1) of 3722

DYAX opened with an UG & is still up 25.56% on volume of 515,355 >4x its ADV bigcharts.marketwatch.com It announced today that they have entered into agreements in which SNF.L has been granted an exclusive worldwide license for the development and commercialization of its human monoclonal antibody DX-2240, as well as a nonexclusive license to DYAX’s antibody phage display technology. DYAX could receive $500M in license fees and milestone payments ,it will receive $25M in 2008 & is eligible to receive royalties based on commercial sales of DX-2240 and other antibodies developed. DX-2240 is a human monoclonal antibody that targets the Tie-1 receptor on tumor blood vessels and has potential in numerous oncology indications. The "analysts" have a target around $7.67 & it seems with some further good news it could get to the $10 level.<g> bigcharts.marketwatch.com Bernard

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