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Stock Market & Financial Investment News

News Breaks
February 7, 2013
08:43 EDTFLMLFlamel Technologies secures $15M in financing
Deerfield Management announced that it had closed a transaction with Flamel Technologies and two of Flamel's subsidiaries to provide $15M. The objective of the financing is to enable Flamel to continue development programs and regulatory filings related to its internal pipeline of products. Deerfield provided the $15M in return for notes bearing 12.5% interest that amortize over a period from 18 months to 4 years. Deerfield also received a royalty of 1.75% of net sales of certain products being developed by Flamel's U.S. subsidiary, Eclat Pharmaceuticals, and transaction fee. The structure was responsive to Flamel's cash flow requirements and interest in avoiding equity dilution.
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March 27, 2015
08:40 EDTFLMLFlamel announces positive results of LiquiTime guaifenesin clinical trial
Flamel announced the results of a First-in-Man, or FIM, clinical study in healthy volunteers using its proprietary LiquiTime drug delivery platform applied to guaifenesin, a broadly used expectorant. LiquiTime is designed to provide a controlled, extended release of oral liquids principally for pediatric and geriatric patients. The company conducted a 16-subject four-way crossover pharmacokinetic study in healthy volunteers evaluating three different BID formulations of LiquiTime guaifenesin against immediate release guaifenesin tablets dosed every 4 hours. The trial was intended to provide sufficient data for the Company to choose the best prototype to move forward into a pivotal study. While none of the prototype formulations in this relatively small pilot study exactly satisfied all of the criteria necessary for proving bioequivalence of AUC to the immediate release guaifenesin tablets under FDA requirements, the results clearly met the intention of the study. The chosen formulation will be optimized and scaled up over the coming months and Flamel plans to perform a pivotal study in 2016. There were no safety issues raised during the study. LiquiTime is protected by the company's intellectual property through late 2025 in the United States and through early 2023 in Europe.
March 20, 2015
07:21 EDTFLMLFlamel price target raised to $27 from $21 at Leerink
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March 19, 2015
14:36 EDTFLMLFlamel price target raised to $21 from $17 at Roth Capital
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08:10 EDTFLMLFlamel backs FY15 revenue guidance of $170M-$185M, consensus $189.58M
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08:08 EDTFLMLFlamel reports Q4 EPS (69c), may not compare to consensus (17c)
Reports Q4 revenue $2.97M vs. $968,000 last year.

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