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Article Excerpt
M2 PRESSWIRE-13 July 2009-PicksThatMove: www.PicksThatMove.com: "Picks that move" Alerts, July 13, 2009: FLML, ATEC, MENT, SPSS, BMRN and MPET.(C)1994-2009 M2 COMMUNICATIONS
RDATE:13072009
Picksthatmove.com Alerts include Flamel Technologies, SA (NASDAQ: FLML); Alphatec Holdings, Inc. (Nasdaq: ATEC); Mentor Graphics Corporation (NASDAQ: MENT); SPSS Inc. (Nasdaq: SPSS); BioMarin Pharmaceutical Inc. (Nasdaq: BMRN) and Magellan Petroleum Corporation (Nasdaq: MPET)
-- July 10, 2009 Flamel Technologies, SA (NASDAQ: FLML) closed at $8.03 on a volume of 44,767 shares.
In a press release out on July 13, 2009 Baxter and Flamel Technologies Announce Collaboration to Formulate Longer Acting Forms of Blood Clotting Factors
DEERFIELD, Ill. & LYON, France, Jul 13, 2009 -- Baxter International Inc. (NYSE: BAX) and Flamel Technologies, SA (NASDAQ: FLML) announced today that they have entered into agreement to formulate controlled release applications of blood clotting factor replacement therapies using Flamel's Medusa(R) Technology. The work between the two companies will focus on developing longer-acting formulations with the objective of reducing the frequency of infusions required to treat blood clotting disorders in hemophilia. Pursuant to the agreement between the two companies, Flamel will receive technology access fees totaling EUR 2.5 million. Baxter will pay all development costs for the program and have an exclusive right to negotiate a license to the Medusa platform.
About Flamel Technologies
Flamel Technologies, S.A. is a biopharmaceutical company principally engaged in the development of two unique polymer-based delivery technologies for medical applications. Flamel's Medusa technology is designed to deliver controlled-release formulations of therapeutic proteins and peptides and other...
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