Why Flamel Technologies (FLML) Stock Is Down Today

NEW YORK (TheStreet) -- Flamel Technologies (FLML) shares are down -4.75% to $10.82 in trading on Wednesday following the release of the company's first quarter earnings results.

The biotech company reported an adjust net loss of -$4.2 million, or -15 cents per diluted share, in line with analysts estimates.

Revenue for the quarter was up 78.5% to $9.2 million, beating analysts estimates of $7.47 million.

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