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Agios Pharmaceuticals (AGIO) Announces Proposed Offering Of Common Stock


4/22/2014 7:56:35 AM

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CAMBRIDGE, Mass.--(BUSINESS WIRE)--Agios Pharmaceuticals, Inc. (NASDAQ: AGIO) today announced that it has commenced an underwritten public offering of 2,000,000 shares of its common stock. All of the shares in the offering are to be sold by Agios. Agios intends to grant the underwriters a 30-day option to purchase up to an additional 300,000 shares of common stock sold in the offering. The proceeds of the offering are expected to be used to fund the company’s clinical and research development activities. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed.

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