Dyax Corp. (DYAX)

Q2 2010 Earnings Conference Call

July 28, 2010 10:00 am ET

Executives

Nicole Jones - Director of IR & CC

Gustav Christensen - President & CEO

George Migausky - EVP & CFO

Ivana Magovcevic-Liebisch - EVP Corporate Development & General Counsel

Bill Pullman - EVP & CDO

Analysts

Mark Monane - Needham & Company, LLC

Kim Lee - Global Hunter Securities, LLC

Phil Nadeau - Cowen & Co.

Jeff Elliott - UBS Securities LLC

Andrew Fein - Jefferies & Co.

Presentation

Operator

Good morning and welcome, ladies and gentlemen, to Dyax Corp.’s Second Quarter 2010 Financial Earnings Call. At this time, I would like to inform you that this conference is being recorded and that all participants are in a listen-only mode. At the request of the company, we will open up the call for a brief question-and-answer period at the end of the presentation.

Before turning the call over to Gustav Christensen, President and Chief Executive Officer of Dyax, the company will read their Safe Harbor statement.

Nicole Jones

This morning Dyax issued a press release concerning its second quarter 2010 financial results. Dyax would like to remind everyone that statements made today reflects current expectations, estimates, and projections about its products, programs, collaborations, strategies and financial performance on our forward-looking statements. These statements including those related to Dyax’s FDA-approved products, KALBITOR, are subject to risks and uncertainties that could cause actual events and results to differ materially.

Important information concerning these risks and uncertainties is contained in Dyax’s press release today and described or referred to in its most recent Form 10-K and other periodic filed with the SEC, and are also available on the company’s website at www.dyax.com.

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