BioCentury
ARTICLE | Financial News

Flexion dips after $77M follow-on

June 9, 2016 2:43 AM UTC

Flexion Therapeutics Inc. (NASDAQ:FLXN) raised $77 milion through the sale of 5.5 million shares at $14 in a follow-on underwritten by Wells Fargo, RBC Capital Markets, BMO Capital Markets, Janney Montgomery Scott and Laidlaw & Co.

The company proposed after market close Tuesday to raise about $60 million in the offering. Flexion lost $1.99 (12%) to $14.10 on Wednesday. ...