Almost $60 million dollars changes hands in today’s roundup of finance news from MHT:
• Conn. to receive $15.4M in alternative energy stimulus
The funding from the U.S. Department of Energy is about half of the state’s $38 million in stimulus funds for its State Energy Plan submitted to the federal government last month.About $8 million will go to expanding fuel cell initiatives through the state Clean Energy fund, with the goal of completing 14 more projects. A rebate program for residential and commercial geothermal systems will receive $5 million. Two plans to support solar thermal and photovoltaic installations will receive $7 million.
• Dyax raises $15M in stock offering
Biotherapeutics company Dyax Corp. says it is raising $15 million through a follow-on offering of 7.4 million shares of its common stock at a price of $2.02 per share.
Dyax reports it intends to use the money raised in the offering to fund the development and commercialization of DX-88, the company’s treatment for the rare and often fatal condition hereditary angioedema. In addition, Dyax will use the cash to fund ongoing research and preclinical activities, as well as for general corporate purposes.



