Agios Prices $220 Mln Public Offering Of Common Stock

(RTTNews) - Agios Pharmaceuticals, Inc. (AGIO) announced that it has priced an underwritten public offering of 1.99 million shares of common stock at $110.75 per share, before underwriting discounts, which would result in aggregate gross proceeds of approximately $220 million.

The company is selling all of the shares in the offering and has also granted the underwriters a 30-day option to purchase up to an additional 297,968 shares of common stock.

The company expects closing of the offering to occur on or about December 16, 2014, subject to customary closing conditions.

J.P. Morgan Securities LLC and Goldman, Sachs & Co. are acting as joint book-running managers for the offering. Cowen and Company, LLC and Leerink Partners LLC are serving as co-managers.