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Friday, Apr 26
Dyax (DYAX -33%) plummets today on a dismal Q1 report. Net sales came in at $8.6M, an increase...
Dyax (DYAX -33%) plummets today on a dismal Q1 report. Net sales came in at $8.6M, an increase over Q112 sales, but only about half of the $16.01M the Street expected. Net losses were $11.2M or $0.11 per share, relatively in line with Q112, but more than twice the $0.05 per share loss analysts expected. The company blames the miss on weak Kalbitor sales due to a decrease in the number of new patients added and a decline in the number of treatments among existing hereditary angioedema patients.