Orlando, FL -- (SBWIRE) -- 10/10/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Dyax Corp. (NASDAQ:DYAX), PDL BioPharma Inc. (NASDAQ:PDLI).
Dyax Corp. (NASDAQ:DYAX) shares fell 5.11% to $6.31 in the last trading session. The company on Oct. 9 announced the pricing of an underwritten public offering of 9,230,770 shares of its common stock, offered at a price to the public of $6.50 per share. The gross proceeds to Dyax from this offering are expected to be $60 million, before deducting the underwriting discount and other estimated offering expenses payable by Dyax. The offering is expected to close on or about October 15, 2013, subject to customary closing conditions.
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PDL BioPharma Inc. (NASDAQ:PDLI) stock declined 0.78% to $7.59. The company on Oct. 2 announced that it closed a financing transaction with LENSAR, Inc., a leader in next-generation femtosecond laser technology for refractive cataract surgery, in which PDL will provide LENSAR with up to $60 million of debt financing, as part of an $87 million total financing for LENSAR.
The LENSAR Laser System provides cataract surgeons with the power to execute accurate incisions with unprecedented precision and repeatability. It provides precise capsulotomy incision size, shape and location, thereby enhancing effective intraocular lens (IOL) lens positioning and fitting for each individual patient, leading to improved patient outcomes. LENSAR is the only femtosecond laser on the market which uses a proprietary imaging, automated measurement, 3-D modeling, and treatment guidance system.
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