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LYON, France--(BUSINESS WIRE)--Sept. 24, 2003--Flamel Technologies S.A. (NASDAQ:FLML - news) today filed with the Securities and Exchange Commission a preliminary prospectus supplement to its recently filed shelf registration statement relating to a proposed underwritten offering of 3.8 million ordinary shares in the form of ADSs, consisting of 2,000,000 shares of common stock offered by the Company and 1,800,000 shares by a selling shareholder.
Merrill Lynch & Co. is acting as the lead underwriter in this offering; and UBS Securities LLC, SG Cowen Securities Corporation, Punk Ziegel & Company, Merriman Curhan Ford & Co. and Brean Murray & Co., Inc. are acting as co-managers. The underwriters have an option to purchase an additional 570,000 ordinary shares in the form of ADSs from the selling securityholders within 30 days after the offering to cover overallotments incurred in the offering. When available, a copy of the prospectus and prospectus supplement may be obtained from Merrill Lynch & Co., 4 World Financial Center, New York, New York, 10080.
The registration statement relating to the sale of these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction... |
