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BioSpecifics Technologies Corp. Reports Fourth Quarter and Full Year 2008 Financial Results
Date:3/30/2009

disease and the ability of Pfizer to obtain regulatory approval of XIAFLEX(TM) in its territory for these same indications, which will determine the amount of milestone, royalty and sublicense income payments we may receive; the amount of earn out payments we may receive from DFB Biotech Inc. and its affiliates; whether Auxilium exercises its option under our license agreement for additional indications; the potential 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

                                Three months ended         Twelve months ended
                                    December 31                  December 31
                                    (Unaudited)                  (Audited)
                                    -----------                  -----------
                                 2008         2007           2008         2007
                                 ----         ----           ----         ----
    Revenues:
      Net sales                 7,502      $12,297        $37,343      $34,357
      Royalties               508,099       16,361        510,127       16,361
      Licensing and
       sublicensing fees    6,641,281      289,279      7,440,125    1,157,116
      Consulting fees          70,000       96,500        424,185      306,500
                               ------       ------        -------      -------
    Total re
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SOURCE BioSpecifics Technologies Corp.
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