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ARTICLE | Financial News

Agios raises $220M in upsized follow-on

December 12, 2014 2:54 AM UTC

Agios Pharmaceuticals Inc. (NASDAQ:AGIO) raised $220 million through the sale of 2 million shares at $110.75 in an upsized follow-on underwritten by JPMorgan; Goldman Sachs; Cowen; and Leerink. The company had proposed to raise $175 million after market close on Tuesday, when its shares traded at $110.56.

Agios raised $88 million through the sale of 2 million shares at $44 in a follow-on in April. It went public in July 2013, raising $121.9 million at $18 per share. ...



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