Flamel stays at neutral rating by Merrill

Flamel Technologies' neutral rating remains unchanged by Merrill Lynch analyst Hari Sambasivam as the company prepares to report its first-quarter financial results. Merrill estimates for the quarter include total revenues of $5.5 million, compared with $8.1 million in the first-quarter 2005, and a net loss of $9.6 million, or $0.40 per share, compared with net income of $0.2 million, or $0.01 per share, for the same period last year. Consensus loss per share for the quarter is $0.31. Shares of the Venissieux, France, biopharmaceutical company were down 14 cents, or 0.69%, at $20.06 on volume of 116,081 shares versus the three-month running average of 150,035 shares. (Nasdaq: FLML)

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