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Flexion amends its public offering to sell 4.2 million common shares
BMO, RBC, Needham, Janney Montgomery Scott and Summer Street to assist
By Devika Patel
Knoxville, Tenn., Dec. 11 – Flexion Therapeutics Inc. will offer 4.2 million common shares in a public offering with a greenshoe of 630,000 additional shares, according to a Form S-1/A filed Thursday with the Securities and Exchange Commission. The deal was announced Dec. 8, when the company said it would sell 3.5 million common shares with a greenshoe of 525,000 shares.
BMO Capital Markets and RBC Capital Markets are the bookrunners; Needham & Co., Janney Montgomery Scott and Summer Street Research Partners are the co-managers.
Proceeds will be used for product development, sales and marketing, clinical studies and general working capital purposes.
The Burlington, Mass., specialty pharmaceutical company develops injectable pain therapies.
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