CAMBRIDGE, Mass.--(BUSINESS WIRE)--Syros Pharmaceuticals today announced the pricing of its initial public offering of 4,000,000 shares of its common stock at a public offering price of $12.50 per share, before underwriting discounts and commissions. In addition, Syros has granted the underwriters a 30-day option to purchase up to 600,000 additional shares of common stock from Syros at the public offering price, less the underwriting discount and commissions, to cover over-allotments, if any. All of the shares are being offered by Syros Pharmaceuticals. The Company’s shares are scheduled to begin trading on The NASDAQ Global Select Market on June 30, 2016 under the ticker symbol “SYRS.” The offering is expected to close on July 6, 2016, subject to customary closing conditions.

Cowen and Company and Piper Jaffray & Co. are acting as joint book-running managers for the offering. JMP Securities is acting as lead manager for the offering, and Wedbush PacGrow is acting as co-manager for the offering.

About Syros Pharmaceuticals

Syros Pharmaceuticals is pioneering the understanding of the non-coding region of the genome to advance a new wave of medicines that control expression of disease-driving genes. Syros has built a proprietary platform that is designed to systematically and efficiently analyze this unexploited region of DNA in human disease tissue to identify and drug novel targets linked to genomically defined patient populations.