Agios seeks $175 million in follow-on

Agios Pharmaceuticals Inc. (NASDAQ:AGIO) proposed to raise $175 million in a follow-on underwritten by JPMorgan; Goldman Sachs; Cowen; and Leerink. It proposed the offering after market close on Tuesday, having ended the day at $110.56.

Agios raised $88 million through the sale of 2 million shares at $44 in a follow-on in April. ...