Flamel investor increases stake in company to 24.8%

By Lisa Kerner

Charlotte, N.C., July 18 - Flamel Technologies SA investors led by O.S.S. Capital Management LP purchased shares of the company's stock between June 11 and July 17, priced from $21.52 to $24.86 per share.

The reporting persons beneficially own 5,951,047 shares, or 24.8%, of the Venissieux, France-based biopharmaceutical company's outstanding stock, according to a schedule 13D filing with the Securities and Exchange Commission.

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