Exhibit 99.5

FLAMEL TECHNOLOGIES S.A.
FIVE YEAR SUMMARY FINANCIAL INFORMATION
(in Euros)
FRENCH GAAP STANDARDS

	1998			1999			2000			2001			2002
Capital at year-end
Capital stock per value		1,578,057			1,578,057			1,975,445			1,975,445			1,975,445
Number of ordinary shares		12,939,215			12,939,215			16,197,590			16,197,590			16,197,590
Operations and income for the year
Total product revenues		8,538,395			10,171,254			10,187,580			14,615,522			19,503,641
Income before taxes, profit sharing and allowances for amortization and provisions		(7 379 650	)		(4 745 219	)		(6 556 103	)		(1 868 332	)		4,070,439
Income tax (credit)		(1 121 255	)		15,245			54,545			15,425			(585 076	)
Required profit sharing		None			None			None			None			None
Income after taxes, profit sharing and allowances for amortization and provisions		(7 255 197	)		(6 252 698	)		(7 028 718	)		(2 850 032	)		3,429,405
Dividends		None			None			None			None			None
Income per share
Income after taxes and profit sharing and before allowances for amortization and provisions		(0,49	)		(0,37	)		(0,41	)		(2.68	)		0.29
Income after taxes, profit sharing and allowances for amortization and provisions		(0,57	)		(0,49	)		(0,44	)		(2,85	)		0.21
Dividends per share		None			None			None			None			None
Personnel
Average number of employees		120			113			137			140			139
Total payroll		4,361,796			3,042,538			4,731,280			4,883,341			5,441,633
Total social charges		1,972,766			1,862,579			2,092,039			2,037,944			2,323,894