CAMBRIDGE, Mass., April 24, 2017 (GLOBE NEWSWIRE) -- Agios Pharmaceuticals, Inc. (Nasdaq:AGIO) today announced the
closing of its previously announced underwritten public offering of 5,050,505 shares common stock at the public offering price of
$49.50 per share, resulting in gross proceeds of approximately $250 million. The underwriters have until May 18, 2017 to exercise
their option to purchase from Agios up to an additional 15% of the shares of common stock offered in the public offering on the
same terms and conditions.
J.P. Morgan Securities LLC and Goldman, Sachs & Co. acted as joint book-running managers for the offering. Cowen
and Company, LLC served as lead manager.
The shares were offered by Agios pursuant to an automatically effective shelf registration statement that was
previously filed with the Securities and Exchange Commission (“SEC”). A prospectus supplement relating to, and describing the terms
of, the offering has been filed with the SEC and is available on the SEC’s web site at www.sec.gov.
Copies of the prospectus supplement and the accompanying prospectus relating to this offering can be obtained from
J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone:
866-803-9204; or Goldman, Sachs, & Co., Attn: Prospectus Department, 200 West Street, New York, New York 10282, telephone:
866-471-2526, facsimile: 212-902-9316, e-mail: prospectus-ny@ny.email.gs.com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or jurisdiction.
About Agios Pharmaceuticals, Inc.
Agios is focused on discovering and developing novel investigational medicines to treat cancer and rare genetic diseases through
scientific leadership in the field of cellular metabolism. In addition to an active research and discovery pipeline across both
therapeutic areas, Agios has multiple first-in-class investigational medicines in clinical and/or preclinical development. All
Agios programs focus on genetically identified patient populations, leveraging our knowledge of metabolism, biology and
genomics.
Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995,
such as those, among others, relating to Agios’ intended use of proceeds from the public offering. The words “anticipate,”
“believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “would,” “could,” “potential,” “possible,”
“hope” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements
contain these identifying words. Actual results may differ materially from those projected or implied in these
forward-looking statements. Factors that may cause such a difference include, without limitation, risks and uncertainties related
to the impact of general economic, industry or political conditions in the United States or internationally. You should not place
undue reliance on these forward-looking statements. Additional risks and uncertainties relating to the offering, Agios and its
business can be found under the caption “Risk Factors” included in Agios’ Annual Report on Form 10-K for the year ended December
31, 2016, Agios’ prospectus supplement filed with the SEC on April 19, 2017, and other filings that Agios may make with the SEC in
the future. Any forward-looking statements contained in this press release speak only as of the date hereof, and Agios expressly
disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or
otherwise.
Kendra Adams, Senior Director, Investor & Public Relations Kendra.Adams@agios.com 617-844-6407 Renee Leck, Senior Manager, Investor & Public Relations Renee.Leck@agios.com 617-649-8299
