By: Benzinga
UPDATE: Jefferies Initiates Dyax at Buy on Steady Kalbitor Growth
Jefferies initiated coverage on Dyax (NASDAQ: DYAX ) with a Buy rating and a $6.00 price target. Jefferies noted, "With its wholly owned marketed orphan drug asset and a widely partnered tech platform, DYAX is an attractive small-cap biotech play. While long-term U.S. Kalbitor sales grow steadily, royalties from potential
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