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BioSpecifics Technologies Corp. Reports First Quarter 2009 Financial Results
Date:5/11/2009

ntial benefits of our existing license and development agreements; our estimates regarding expenses, future revenue, capital requirements and needs for additional financing; and other factors identified in the Company's Form 10-K for the year ended December 31, 2008 and subsequent reports filed with the SEC. The Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.


                          BioSpecifics Technologies Corp.
                       Consolidated Statements of Operations
                                   (Unaudited)

                                                    Three months ended
                                                         March 31,
                                                   2009             2008
    Revenues:
       Net sales                                  $7,191          $12,753
       Licensing fees                            266,281          266,281
       Consulting fees                            70,000          122,185

    Total revenues                               343,472          401,219

    Costs and expenses:
       Research and development                  115,871           94,271
       General and administrative              1,166,971          800,456

    Total cost and expenses                    1,282,842          894,727

    Operating loss                              (939,370)        (493,508)

    Other expense (income):
       Investment Income                           2,857           30,275
       Interest expense                                -             (451)
       Other income (expense)                     (9,463)               -
                                                  (6,606)          29,824

    Loss before income tax                      (945,976)        (463,684)
          Income tax expense                           -
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SOURCE BioSpecifics Technologies Corp.
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