BURLINGTON, Mass., June 08, 2016 (GLOBE NEWSWIRE) -- Flexion Therapeutics, Inc. (Nasdaq:FLXN) today announced the pricing of an underwritten public offering of 5,500,000 shares of its common stock at a price to the public of $14.00 per share. The gross proceeds from this offering are expected to be approximately $77.0 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Flexion. The offering is expected to close on or about June 13, 2016, subject to customary closing conditions. Flexion has also granted the underwriters a 30-day option to purchase up to 825,000 additional shares of its common stock at the public offering price, less the underwriting discounts and commissions.

Wells Fargo Securities, RBC Capital Markets and BMO Capital Markets are acting as joint book-running managers. Janney Montgomery Scott and Laidlaw & Company (UK) Ltd. are acting as co-managers.

About Flexion Therapeutics

Flexion is a specialty pharmaceutical company focused on the development and commercialization of novel, local therapies for the treatment of patients with musculoskeletal conditions, beginning with OA. The company's lead product candidate, Zilretta, is being investigated for its potential to provide improved analgesic therapy for the millions of U.S. patients who receive IA injections for knee OA annually.