Flamel Technologies Announces Second Quarter Results, New Medusa Relationships, and Ongoing Work on COREG CR(R)

LYON, France--(BUSINESS WIRE)--Flamel Technologies (Nasdaq:FLML) today announced its financial results for the second quarter of 2007. Flamel reported total revenues of $7.4 million, compared to $4.7 million in the second quarter of 2006. Product sales and services totaled $4.8 million during the quarter. License and research revenues were $1.8 million versus $4.5 million in the year-ago period. Other revenues were $0.8 million versus $0.2 million in the year-ago period.

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