Flamel Technologies to price public sale of American Depositary Shares

Bookrunner JMP helps fund debt repayment, general corporate purposes

By Devika Patel

Knoxville, Tenn., March 6 - Flamel Technologies SA said it plans to price a public offering of American Depositary Shares representing ordinary shares with a 30-day, 15% greenshoe.

JMP Securities is the bookrunner, and SunTrust Robinson Humphrey, Ladenburg Thalmann & Co. Inc., Roth Capital Partners and Summer Street Research Partners are the co-managers.

Proceeds will be used for debt repayment, development of the company's product pipeline, including clinical trials, and general corporate purposes.

Flamel is a Venissieux, France-based biopharmaceutical company.

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