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<P align="center" style="font-size: 10pt"><B>As filed with the Securities and Exchange Commission on January&nbsp;6, 2004</B>



<DIV align="right" style="font-size: 10pt">Registration
No.&nbsp;333-__________</DIV>



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<DIV align="center" style="font-size: 10pt"><B>SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549<BR>
________________________</B></DIV>



<P align="center" style="font-size: 12pt"><B>FORM S-8
<DIV align="center" style="font-size: 10pt"><B>REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933<BR>
________________________</B></DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="55%">
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<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="100%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD align="center" valign="top"><font size="4"><B>Flamel
Technologies S.A.</B></FONT><BR>
(Exact name of registrant as specified in its charter)</TD>
</TR>

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</TABLE>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="55%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="100%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD align="center" valign="top">The Republic of France<BR>
<font size="1">(State or other jurisdiction of<BR>
incorporation or organization)</FONT></TD>
</TR>

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</TABLE>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="35%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="100%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD align="center" valign="top">N/A</TD>
</TR>

<TR style="font-size: 1px">

<TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>

<TR valign="bottom">
    <TD align="center" valign="top">
<FONT size="1">(I.R.S. Employer Identification No.)</FONT></TD>
</TR>
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</TABLE>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="35%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="100%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD align="center" valign="top">Parc Club du Moulin A Vent<BR>
33, avenue du Dr.&nbsp;Georges Levy<BR>
69693 Venissieux Cedex<BR>
FRANCE<BR>
(33)&nbsp;4 72 78 34 34</TD>
</TR>

<TR style="font-size: 1px">
<TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
<TR valign="bottom">
    <TD align="center" valign="top"><font size="1">(Address, including zip code, and telephone number,<BR>
including area code, of registrant&#146;s principal executive
offices)</FONT></TD>
</TR>
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</TABLE>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="35%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="100%">&nbsp;</TD>
</TR>
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<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Stock Option Plan dated May&nbsp;10, 1996<BR>
Stock Option Plan dated November&nbsp;20, 2000<BR>
Stock Option Plan dated December&nbsp;19, 2001<BR>
Stock Option Plan dated February&nbsp;18, 2003<BR>
Stock Option Plan dated November&nbsp;7, 2003<BR>
Warrants to Directors<BR>
(Full title of the Plan)</TD>
</TR>

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</TABLE>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="35%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="100%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">CT Corporation System<BR>
1633 Broadway<BR>
New York, New York 10019<BR>
(212)&nbsp;664-1666</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="1">(Name, address and
telephone number, including area code, of agent for service)</FONT></TD>
</TR>

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</TABLE>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="55%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="100%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD align="center" valign="top">Copy to:</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top">Amy Bowerman Freed<BR>
Stephanie D. Marks<BR>
Hogan &#038; Hartson L.L.P.<BR>
111 S. Calvert Street<BR>
Baltimore, Maryland 21202<BR>
(410)&nbsp;659-2700<BR>
&nbsp;&nbsp;&nbsp;</TD>
</TR>

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</TABLE>
</DIV>



<DIV align="center" style="font-size: 10pt"><B>CALCULATION OF
REGISTRATION FEE</B></DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="54%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
</TR>

<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed maximum</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed maximum</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount of</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Title of securities</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>to be</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>offering price</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>aggregate offering</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>registration</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>to be registered</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>registered (1)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>per share</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>price</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>fee</B></TD>
</TR>

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<TR style="font-size: 1px">
    <TD colspan="17" style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Ordinary Shares represented by American Depositary Shares</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">772,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">26.77</TD>
    <TD nowrap>(2)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">20,679,825</TD>
    <TD nowrap>(2)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">1,673.00</TD>
    <TD nowrap>(2)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Ordinary Shares represented by American Depositary Shares</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,220,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">9.72</TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">31,298,400</TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">2,532.04</TD>
    <TD nowrap>(3)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Ordinary Shares represented by American Depositary Shares</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">245,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">10.98</TD>
    <TD nowrap>(4)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">2,690,100</TD>
    <TD nowrap>(4)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">217.63</TD>
    <TD nowrap>(4)</TD>
</TR>

<TR style="font-size: 1px">
    <TD colspan="17" style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">4,422.67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
</TR>
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</TABLE>
</DIV>
</B>


<DIV align="left" style="font-size: 10pt">(1)&nbsp;&nbsp;&nbsp;&nbsp;Each
Ordinary Share is represented by one American Depositary Share.</DIV>


<DIV align="left" style="font-size: 10pt">(2)&nbsp;&nbsp;&nbsp;&nbsp;Estimated solely for calculating the amount of the registration fee
pursuant to paragraphs (c) and (h)&nbsp;of Rule&nbsp;457 promulgated under the Securities Act of
1933, as amended (the &#147;Securities Act&#148;). The calculation of the registration
fee is based on $26.77, which was the average of the high and low sales price
of the American Depository Shares on the NASDAQ National Market on January&nbsp;2,
2004.</DIV>

<DIV align="left" style="font-size: 10pt">(3)&nbsp;&nbsp;&nbsp;&nbsp;Estimated solely for calculating the amount of the registration fee
pursuant to paragraph (h)&nbsp;of Rule&nbsp;457 promulgated under the
Securities Act.</DIV>

<DIV align="left" style="font-size: 10pt">(4)&nbsp;&nbsp;&nbsp;&nbsp;Estimated solely for calculating the amount of the registration fee
pursuant to paragraph (g)&nbsp;of Rule&nbsp;457 promulgated under the
Securities Act.</DIV>
<P>
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<HR size="4" noshade color="#000000" style="margin-top: -10px">






<DIV align="right" style="font-size: 10pt">Exhibit&nbsp;Index Appears
on page 6.</DIV>



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<P align="center" style="font-size: 10pt"><B>PART II</B>



<P align="center" style="font-size: 10pt"><B>INFORMATION REQUIRED IN THE<BR>
REGISTRATION STATEMENT</B>



<P align="left" style="font-size: 10pt">Item&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp; INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents, filed with the Securities and Exchange Commission
(the &#147;Commission&#148;) are incorporated by reference into the Registration
Statement:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant&#146;s Annual Report on Form 20-F for the year ended
December&nbsp;31, 2002;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reports of Foreign Issuer on Form 6-K pursuant to Rules&nbsp;13a-16 and
15d- 16 filed with the Commission on April&nbsp;2, May&nbsp;9, July&nbsp;15, August&nbsp;15,
September&nbsp;17, October&nbsp;28, and December&nbsp;31, 2003; and


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The description of the Registrant&#146;s Ordinary Shares, nominal value
approximately 0.122 euro per share (the &#147;Ordinary Shares&#148;), and the American
Depositary Shares representing the Ordinary Shares, contained in its
Registration Statement on Form F-1 on April&nbsp;19, 1996, as amended, pursuant to
the Securities Act.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, all documents filed by the Registrant with the Commission
pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 (the
&#147;Exchange Act&#148;) subsequent to the date of this Registration Statement and prior
to the filing of a post-effective amendment which indicates that all the
securities offered hereby have been sold or which deregisters all securities
then remaining unsold shall be deemed to be incorporated by reference in this
Registration Statement and to be a part hereof from the date of the filing of such documents with the Commission. Any
statement contained in a document incorporated by reference herein shall be
deemed to be modified or superseded for purposes hereof to the extent that a
statement contained herein (or in any other subsequently filed document which
also is incorporated by reference herein) modifies or supersedes such
statement. Any statement so modified or superseded shall not be deemed to
constitute a part hereof except as so modified or
superseded.


<P align="left" style="font-size: 10pt">Item&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp; DESCRIPTION OF SECURITIES



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inapplicable


<P align="left" style="font-size: 10pt">Item&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp; INTERESTS OF NAMED EXPERTS AND COUNSEL



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inapplicable


<P align="left" style="font-size: 10pt">Item&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp; INDEMNIFICATION OF DIRECTORS AND OFFICERS



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant maintains liability insurance for its directors and
principal executive officers, including insurance against liabilities under the
Securities Act.


<P align="left" style="font-size: 10pt">Item&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp; EXEMPTION FROM REGISTRATION CLAIMED



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inapplicable


<P align="left" style="font-size: 10pt">Item&nbsp;8.&nbsp;&nbsp;&nbsp;&nbsp; EXHIBITS


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="81%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" colspan="2">Exhibit No.</TD>
    <TD nowrap align="left">Description of Exhibits</TD>
</TR>

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<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">5.1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Cariddi, Mee, Ru&#233;/Hogan &#038; Hartson L.L.P. regarding the legality of
the securities being registered.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Ernst &#038; Young Audit.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Cariddi, Mee, Ru&#233;/Hogan &#038; Hartson L.L.P. (included in Exhibit&nbsp;5.1).</TD>
</TR>

<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">24.1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (reference is made to the signature page).</TD>
</TR>

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</TABLE>
</DIV>



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<P align="left" style="font-size: 10pt">Item&nbsp;9. &nbsp;&nbsp;&nbsp;&nbsp;UNDERTAKINGS



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant hereby undertakes:



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) &nbsp;&nbsp;&nbsp;&nbsp;To file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration Statement:



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) &nbsp;&nbsp;&nbsp;&nbsp;to include any prospectus required by Section&nbsp;10(a)(3) of the
Securities Act;



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) &nbsp;&nbsp;&nbsp;&nbsp;to reflect in the prospectus any facts or events arising after the
effective date of the Registration Statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a
fundamental change in the information set forth in the Registration Statement;



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp; to include any material information with respect to the plan of
distribution not previously disclosed in the Registration Statement or any
material change to such information in the Registration Statement;


<P align="left" style="font-size: 10pt">provided, however, that paragraphs (a)(i) and (a)(ii) do not apply if the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed by the Registrant pursuant to
Section&nbsp;13 or Section 15(d) of the Securities Exchange Act of 1934 that are
incorporated by reference in the Registration Statement.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b) &nbsp;&nbsp;&nbsp;&nbsp;That, for the purpose of determining any liability under the
Securities Act of 1933, as amended, each such post-effective amendment shall be
deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;(c) &nbsp;&nbsp;&nbsp;&nbsp;To remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of
the offering.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, as amended, each filing of the
Registrant&#146;s annual report pursuant to Section 13(a) or Section 15(d) of the
Securities Exchange Act of 1934 that is incorporated by reference in the
Registration Statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities
Act of 1933, as amended, may be permitted to directors, officers and
controlling persons of the Registrant pursuant to the provisions set forth in
item 6 above, or otherwise, the Registrant has been advised that in the opinion
of the Securities and Exchange Commission such indemnification is against
public policy as expressed in the Act and is, therefore, unenforceable. In the
event that a claim for indemnification against such liabilities (other than the
payment by the Registrant of expenses incurred or paid by a director, officer
or controlling person of the Registrant in the successful defense of any
action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the
Registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as
expressed in the Act and will be governed by the final adjudication of such
issue.


<P align="center" style="font-size: 10pt">4
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P align="left" style="font-size: 10pt">SIGNATURES



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, on this 6th day of January, 2004.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="44%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">
FLAMEL TECHNOLOGIES S.A.</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD>&nbsp;</TD>
    <TD align="left" nowrap valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
/s/ Gerard Soula<BR>
<HR size="1" noshade color="#000000" width="40%" align="left">
Gerard Soula<BR>
President, Chief Executive<BR>
Officer and Director</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><B>POWER OF ATTORNEY</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of the undersigned officers and directors of Flamel Technologies S.A.
hereby severally constitutes and appoints Gerard Soula as the attorney-in-fact
for the undersigned, in any and all capacities, with full power of
substitution, to sign any and all pre- or post-effective amendments to this
Registration Statement, any subsequent registration statement for the same
offering which may be filed pursuant to Rule 462(b) under the Securities Act of
1933, as amended, and any and all pre- or post- effective amendments thereto,
and to file the same with exhibits thereto and other documents in connection
therewith, with the Securities and Exchange Commission, granting unto said
attorney-in-fact full power and authority to do and perform each and every act
and thing requisite and necessary to be done in and about the premises, as
fully to all intents and purposes as he might or could do in person, hereby
ratifying and confirming all that each said attorney-in-fact may lawfully do or
cause to be done by virtue hereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended,
this Registration Statement has been signed by the following persons in the
capacities and on the dates indicated:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="32%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">Signature</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">Title</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">Date</TD>
</TR>
<TR><TD>&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" nowrap valign="top">/s/ Gerard Soula<BR>
<HR size="1" noshade color="#000000">
Gerard Soula</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
President, Chief Executive Officer<BR>
and Director, (Principal Financial<BR>
Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">January 6, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Stephen H. Willard<BR>
<HR size="1" noshade color="#000000">
Stephen H. Willard</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Chief Financial Officer, General<BR>
Counsel and Director, (Principal<BR>
Financial Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">January 6, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Valerie Danaguezian<BR>
<HR size="1" noshade color="#000000">
Valerie Danaguezian</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Finance Controller (Principal<BR>
Accounting Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">January 6, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Raul Cesan<BR>
<HR size="1" noshade color="#000000">
Raul Cesan</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">January 6, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Jean-Noel Treilles<BR>
<HR size="1" noshade color="#000000">
Jean-Noel Treilles</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">January 6, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ William Dearstyne<BR>
<HR size="1" noshade color="#000000">
William Dearstyne</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">January 6, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Michel Greco<BR>
<HR size="1" noshade color="#000000">
Michel Greco</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">January 6, 2004</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">5
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<P align="center" style="font-size: 10pt"><B>INDEX TO EXHIBITS</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="4%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD colspan="2" nowrap align="left">Exhibit No.</TD>
    <TD nowrap align="left">Description of Exhibits</TD>
</TR>
<TR>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">5.1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Cariddi, Mee, Ru&#233;/Hogan &#038; Hartson L.L.P. regarding the legality of
the securities being registered.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Ernst &#038; Young Audit.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">23.2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Cariddi, Mee, Ru&#233;/Hogan &#038; Hartson L.L.P. (included in Exhibit&nbsp;5.1).</TD>
</TR>

<TR valign="bottom">
    <TD valign="top" align="right"><DIV style="margin-left:0px; text-indent:-0px">24.1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (reference is made to the signature page).</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">6
</BODY>
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sv8
As filed with the Securities and Exchange Commission on January 6, 2004
Registration
No. 333-__________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
________________________
Flamel
Technologies S.A.
(Exact name of registrant as specified in its charter)
The Republic of France
(State or other jurisdiction of
incorporation or organization)
N/A
(I.R.S. Employer Identification No.)
Parc Club du Moulin A Vent
33, avenue du Dr. Georges Levy
69693 Venissieux Cedex
FRANCE
(33) 4 72 78 34 34
(Address, including zip code, and telephone number,
including area code, of registrant's principal executive
offices)
Stock Option Plan dated May 10, 1996
Stock Option Plan dated November 20, 2000
Stock Option Plan dated December 19, 2001
Stock Option Plan dated February 18, 2003
Stock Option Plan dated November 7, 2003
Warrants to Directors
(Full title of the Plan)
CT Corporation System
1633 Broadway
New York, New York 10019
(212) 664-1666
(Name, address and
telephone number, including area code, of agent for service)
Copy to:
Amy Bowerman Freed
Stephanie D. Marks
Hogan & Hartson L.L.P.
111 S. Calvert Street
Baltimore, Maryland 21202
(410) 659-2700
CALCULATION OF
REGISTRATION FEE
Amount
Proposed maximum
Proposed maximum
Amount of
Title of securities
to be
offering price
aggregate offering
registration
to be registered
registered (1)
per share
price
fee
Ordinary Shares represented by American Depositary Shares
772,500
$
26.77
(2)
$
20,679,825
(2)
$
1,673.00
(2)
Ordinary Shares represented by American Depositary Shares
3,220,000
$
9.72
(3)
$
31,298,400
(3)
$
2,532.04
(3)
Ordinary Shares represented by American Depositary Shares
245,000
$
10.98
(4)
$
2,690,100
(4)
$
217.63
(4)
Total
$
4,422.67
(1)    Each
Ordinary Share is represented by one American Depositary Share.
(2)    Estimated solely for calculating the amount of the registration fee
pursuant to paragraphs (c) and (h) of Rule 457 promulgated under the Securities Act of
1933, as amended (the "Securities Act"). The calculation of the registration
fee is based on $26.77, which was the average of the high and low sales price
of the American Depository Shares on the NASDAQ National Market on January 2,
2004.
(3)    Estimated solely for calculating the amount of the registration fee
pursuant to paragraph (h) of Rule 457 promulgated under the
Securities Act.
(4)    Estimated solely for calculating the amount of the registration fee
pursuant to paragraph (g) of Rule 457 promulgated under the
Securities Act.
Exhibit Index Appears
on page 6.
PART II
INFORMATION REQUIRED IN THE
REGISTRATION STATEMENT
Item 3.     INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The following documents, filed with the Securities and Exchange Commission
(the "Commission") are incorporated by reference into the Registration
Statement:
(a)     The Registrant's Annual Report on Form 20-F for the year ended
December 31, 2002;
(b)     Reports of Foreign Issuer on Form 6-K pursuant to Rules 13a-16 and
15d- 16 filed with the Commission on April 2, May 9, July 15, August 15,
September 17, October 28, and December 31, 2003; and
(c)     The description of the Registrant's Ordinary Shares, nominal value
approximately 0.122 euro per share (the "Ordinary Shares"), and the American
Depositary Shares representing the Ordinary Shares, contained in its
Registration Statement on Form F-1 on April 19, 1996, as amended, pursuant to
the Securities Act.
In addition, all documents filed by the Registrant with the Commission
pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (the
"Exchange Act") subsequent to the date of this Registration Statement and prior
to the filing of a post-effective amendment which indicates that all the
securities offered hereby have been sold or which deregisters all securities
then remaining unsold shall be deemed to be incorporated by reference in this
Registration Statement and to be a part hereof from the date of the filing of such documents with the Commission. Any
statement contained in a document incorporated by reference herein shall be
deemed to be modified or superseded for purposes hereof to the extent that a
statement contained herein (or in any other subsequently filed document which
also is incorporated by reference herein) modifies or supersedes such
statement. Any statement so modified or superseded shall not be deemed to
constitute a part hereof except as so modified or
superseded.
Item 4.     DESCRIPTION OF SECURITIES
Inapplicable
Item 5.     INTERESTS OF NAMED EXPERTS AND COUNSEL
Inapplicable
Item 6.     INDEMNIFICATION OF DIRECTORS AND OFFICERS
The Registrant maintains liability insurance for its directors and
principal executive officers, including insurance against liabilities under the
Securities Act.
Item 7.     EXEMPTION FROM REGISTRATION CLAIMED
Inapplicable
Item 8.     EXHIBITS
Exhibit No.
Description of Exhibits
5.1
Opinion of Cariddi, Mee, Rué/Hogan & Hartson L.L.P. regarding the legality of
the securities being registered.
23.1
Consent of Ernst & Young Audit.
23.2
Consent of Cariddi, Mee, Rué/Hogan & Hartson L.L.P. (included in Exhibit 5.1).
24.1
Power of Attorney (reference is made to the signature page).
Item 9.     UNDERTAKINGS
1.     The Registrant hereby undertakes:
(a)     To file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration Statement:
(i)     to include any prospectus required by Section 10(a)(3) of the
Securities Act;
(ii)     to reflect in the prospectus any facts or events arising after the
effective date of the Registration Statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a
fundamental change in the information set forth in the Registration Statement;
(iii)     to include any material information with respect to the plan of
distribution not previously disclosed in the Registration Statement or any
material change to such information in the Registration Statement;
provided, however, that paragraphs (a)(i) and (a)(ii) do not apply if the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed by the Registrant pursuant to
Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are
incorporated by reference in the Registration Statement.
(b)     That, for the purpose of determining any liability under the
Securities Act of 1933, as amended, each such post-effective amendment shall be
deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
(c)     To remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of
the offering.
2.     The Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, as amended, each filing of the
Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
Securities Exchange Act of 1934 that is incorporated by reference in the
Registration Statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
3.     Insofar as indemnification for liabilities arising under the Securities
Act of 1933, as amended, may be permitted to directors, officers and
controlling persons of the Registrant pursuant to the provisions set forth in
item 6 above, or otherwise, the Registrant has been advised that in the opinion
of the Securities and Exchange Commission such indemnification is against
public policy as expressed in the Act and is, therefore, unenforceable. In the
event that a claim for indemnification against such liabilities (other than the
payment by the Registrant of expenses incurred or paid by a director, officer
or controlling person of the Registrant in the successful defense of any
action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the
Registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as
expressed in the Act and will be governed by the final adjudication of such
issue.
4
SIGNATURES
Pursuant to the requirements of the Securities Act, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, on this 6th day of January, 2004.
FLAMEL TECHNOLOGIES S.A.
By:
/s/ Gerard Soula
Gerard Soula
President, Chief Executive
Officer and Director
POWER OF ATTORNEY
Each of the undersigned officers and directors of Flamel Technologies S.A.
hereby severally constitutes and appoints Gerard Soula as the attorney-in-fact
for the undersigned, in any and all capacities, with full power of
substitution, to sign any and all pre- or post-effective amendments to this
Registration Statement, any subsequent registration statement for the same
offering which may be filed pursuant to Rule 462(b) under the Securities Act of
1933, as amended, and any and all pre- or post- effective amendments thereto,
and to file the same with exhibits thereto and other documents in connection
therewith, with the Securities and Exchange Commission, granting unto said
attorney-in-fact full power and authority to do and perform each and every act
and thing requisite and necessary to be done in and about the premises, as
fully to all intents and purposes as he might or could do in person, hereby
ratifying and confirming all that each said attorney-in-fact may lawfully do or
cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended,
this Registration Statement has been signed by the following persons in the
capacities and on the dates indicated:
Signature
Title
Date
/s/ Gerard Soula
Gerard Soula
President, Chief Executive Officer
and Director, (Principal Financial
Officer)
January 6, 2004
/s/ Stephen H. Willard
Stephen H. Willard
Chief Financial Officer, General
Counsel and Director, (Principal
Financial Officer)
January 6, 2004
/s/ Valerie Danaguezian
Valerie Danaguezian
Finance Controller (Principal
Accounting Officer)
January 6, 2004
/s/ Raul Cesan
Raul Cesan
Director
January 6, 2004
/s/ Jean-Noel Treilles
Jean-Noel Treilles
Director
January 6, 2004
/s/ William Dearstyne
William Dearstyne
Director
January 6, 2004
/s/ Michel Greco
Michel Greco
Director
January 6, 2004
5
INDEX TO EXHIBITS
Exhibit No.
Description of Exhibits
5.1
Opinion of Cariddi, Mee, Rué/Hogan & Hartson L.L.P. regarding the legality of
the securities being registered.
23.1
Consent of Ernst & Young Audit.
23.2
Consent of Cariddi, Mee, Rué/Hogan & Hartson L.L.P. (included in Exhibit 5.1).
24.1
Power of Attorney (reference is made to the signature page).
6