Flamel to raise $62m in share offering

- Last updated on GMT

Related tags: Drug delivery technologies, Glaxosmithkline, Drugs

France's Flamel Technologies has started a drive to raise funds in
the USA via a placement of shares aimed at raising $62.1 million,
to be spent on advancing its drug delivery technologies.

France's Flamel Technologies has started a drive to raise funds in the USA via a placement of shares aimed at raising $62.1 million.

The company's star has been in the ascendancy of late, having signed a string of licensing collaborations with pharmaceutical partners for its drug delivery technologies, designed to improve the administration of both small molecule and peptide/protein drugs.

Flamel has earmarked the funds for R&D activities and to augment its portfolio of drug delivery technologies, as well as general corporate activities. The company is enjoying a hike in revenues from licensing agreements and recently signed a $165 million deal with Bristol-Myers Squibb for an oral version of insulin formerly partnered with Novo Nordisk.

Flamel​ is developing new versions of undisclosed GlaxoSmithKline and Servier drugs, as well as a new sachet formulation of GSK's Augmentin (amoxicillin/clavulanate) antibiotic, using its Micropump controlled release technology for oral delivery of small-molecule drugs.

Related news

Show more

Related products

Spray Dried Powders for High Dose Drug Delivery

Spray Dried Powders for High Dose Drug Delivery

Catalent | 01-Feb-2022 | Product Presentation

This Catalent webinar will explore how spray dried particles provide an attractive, carrier-free option for highly dispersed delivery of API to deep lung...

Related suppliers

Follow us

Products

View more

Webinars