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March 22, 2013
09:04 EDTFLMLJudge dismisses 2007 class action case against Flamel Technologies
Flamel Technologies announced that Judge Robert Sweet of the United States District Court for the Southern District of New York issued a summary judgment on March 8 dismissing a class action suit against the company, and its former CEO. The initial class action was filed in 2007 and, during the six year period, had two different plaintiffs. The case, Billhofer v. Flamel Technologies, et al., alleged claims arising under the Securities Exchange Act of 1934 based on certain public statements by the company concerning, among other things, Coreg CR. The Company previously stated that it intended to vigorously defend itself in the action. In dismissing the case, Judge Sweet's opinion states that "as there is no genuine issue of fact and no reasonable jury could find in the lead plaintiff's favor on his claim, the motion for summary judgment is granted."
News For FLML From The Last 14 Days
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December 19, 2014
16:31 EDTFLMLOn The Fly: Closing Wrap
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08:17 EDTFLMLFlamel Technologies announces positive results of second Micropump trial
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December 16, 2014
08:47 EDTFLMLFlamel Technologies pullback a buying opportunity, says Summer Street
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08:33 EDTFLMLFlamel Technologies transfers intangible property to Irish-based subsidiary
Flamel Technologies announced that it is moving all intangible property from its French entity to its Irish-based entity as a part of a global reorganization. The intangible property includes patents on its drug delivery platform technologies, clinical data sets and other intangible assets related to its pipeline of proprietary products in development. Flamel's proprietary drug delivery platforms include its Micropump and Medusa platforms. The company anticipates the transfer will result in a one-time tax payment of approximately $14M to the French government. The transfer of these assets is effectively immediately.
December 10, 2014
10:27 EDTFLMLFlamel Technologies management to meet with Roth Capital
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December 8, 2014
07:45 EDTFLMLFlamel Technologies price target raised to $29 from $21 at SunTrust
SunTrust increased its price target on Flamel after meeting with the company's CEO, as the firm now expects the company to raise the price of its Bloxiverz drug next year beyond the firm's previous outlook. SunTrust keeps a Buy rating on the shares.

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