OSS Capital Boosts Stake in Flamel Technologies to 26.5%

by: Lon Juricic

In an amended 13D filing on Flamel Technologies SA (Nasdaq: FLML), OSS Capital Management disclosed they raised their stake in the company to 26.5% (6,346,047 shares). In an August 13D/A filing the firm disclosed a 25.6% stake (6,151,047 shares) in the company.

Shares of FLML were up 7% yesterday.

Dan Loeb's ThirdPoint LLC has a 9.2% 'passive' stake in Flamel and the company is already under activist pressure from Redwood Asset Management, which is calling for a sale.