Loxo Oncology Prices 2.5M Share Offering @$26.50/Share

Loxo Oncology, Inc.

today announced the pricing of its underwritten public offering of 2,500,000 shares of common stock at a public offering price of $26.50 per share. Gross proceeds to Loxo Oncology from this offering are expected to be approximately $66.3 million. Loxo Oncology intends to use the net proceeds from this offering for general corporate purposes, which may include funding research and development, increasing its working capital, acquisitions or investments in businesses, products or technologies that are complementary to its own, and capital expenditures. Loxo Oncology also has granted the underwriters a 30-day option to purchase up to an additional 375,000 shares of its common stock offered in the public offering, solely to cover over-allotments, if any, at the public offering price less the underwriting discounts and commissions. All of the shares will be offered and sold by Loxo Oncology. The offering is expected to close on November 17, 2015, subject to customary closing conditions. Citigroup Global