Deerfield Provides Flamel Technologies with $15 Million in Debt Financing

Flamel Technologies, a drug discovery company based in Lyon, France, has raised $15 million in debt financing from New York-based Deefield Management Company. Deerfield is an existing shareholder; the funding -- which Flamel will have to pay back in four years' time, along with 12.5 percent interest interest -- will allow Flamel to continue its investment in R&D.

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