Monday, March 5, 2012

Seeking Funds, Flamel Files For Public Offering In U.S.

BioWorld International Correspondent

PARIS - Flamel Technologies SA filed a preliminary prospectus supplement to its recently filed shelf registration statement with the SEC relating to a proposed underwritten offering of 3.8 million ordinary shares in the form of American Depository Shares, consisting of 2 million shares of common stock offered by the company and 1.8 million shares from an existing shareholder.

Merrill Lynch & Co. is acting as the lead underwriter for the offering, while UBS Securities LLC, SG Cowen Securities Corp., Punk Ziegel & Co., Merriman Curhan Ford & Co. and Brean Murray & Co. Inc. are acting as co-managers. Underwriters have …

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