Aquinox Prices Public Offering of Common Stock

VANCOUVER, British Columbia, Sept. 19, 2016 (GLOBE NEWSWIRE) — Aquinox Pharmaceuticals, Inc. (“Aquinox”) (NASDAQ:AQXP), a clinical-stage pharmaceutical company discovering and developing targeted therapeutics in disease areas of inflammation and immuno-oncology, today announced the pricing of an underwritten public offering of 5,350,000 shares of its common stock at a price to the public of $12.25 per share.  In addition, Aquinox has granted the underwriters a 30-day option to purchase up to 802,500 additional shares of common stock at the public offering price.  The offering is expected to close on September 23, 2016, subject to customary closing conditions.

Leerink Partners LLC, Canaccord Genuity and Guggenheim Securities are acting as joint book-running managers for the offering. Needham & Company is acting as lead manager.

A shelf registration statement relating to the offered shares of common stock was filed with the Securities and Exchange Commission (SEC) on December 21, 2015, which was declared effective on January 26, 2016.  A preliminary prospectus supplement related to the offering has been filed with the SEC and is available on the SEC’s website, located at  Copies of the preliminary prospectus supplement and the accompanying prospectus relating to this offering may be obtained from Leerink Partners LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA, 02110, by telephone at (800) 808-7525 ext. 6142 or by email at; from Canaccord Genuity Inc., Attn: Syndicate Department, 99 High Street, Floor 12, Boston, MA 02110, by telephone at (617) 371-3900 or by email at; or from Guggenheim Securities, LLC, Attention: Equity Syndicate Department, 330 Madison Avenue, 8th Floor, New York, NY 10017, by telephone at (212) 518-9658 or by email at

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities 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.  The shares of common stock which are the subject of the offering contemplated by this press release are not being offered or sold, directly or indirectly, in Canada or to any resident of Canada.

Investor Contact:
Brendan Payne Gitanjali Ogawa 
Senior Manager, Investor Relations   Vice President 
Aquinox Pharmaceuticals, Inc. The Trout Group
604.901.3019  646.378.2949 

Forward-Looking Statements

To the extent that statements contained in this press release are not descriptions of historical facts regarding Aquinox Pharmaceuticals, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor of the Private Securities Litigation Reform Act of 1995, including Aquinox’s proposed offering and use of proceeds as well as statements including the words “expect”, “intend” or “may.” Such forward-looking statements involve substantial risks and uncertainties that could cause Aquinox’s future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all and the uncertainties inherent in research and the clinical development process. Aquinox undertakes no obligation to update or revise any forward-looking statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to Aquinox’s business in general, please refer to Aquinox’s prospectus supplement filed with the Securities and Exchange Commission (SEC) on September 19, 2016, including the documents incorporated by reference therein, which include Aquinox’s Annual Report on Form 10-K filed with the SEC on March 14, 2016, Aquinox’s Quarterly Report on Form 10-Q filed with the SEC on August 4, 2016, and Aquinox’s other periodic reports filed with the SEC.