Navigation Links
BioSpecifics Technologies Corp. Reports Second Quarter 2008 Financial Results
Date:8/11/2008

LYNBROOK, N.Y., Aug. 11 /PRNewswire-FirstCall/ -- BioSpecifics Technologies Corp. (OTC Bulletin Board: BSTC.OB), a biopharmaceutical company developing first in class collagenase-based products, today announced its financial results for the second quarter ended June 30, 2008.

The Company reported a net loss of $801,337 for the quarter ended June 30, 2008, or 14 cents per diluted common share, compared to a net loss of $478,000, or 9 cents per diluted common share, for the same period in 2007.

Revenue for the second quarter of 2008 was $434,000 compared to $370,000 for the same period in 2007. For the six months ended June 30, 2008, revenue was $836,000, compared to $730,000 for the same period in 2007. The increase in revenue for both periods was due to an increase in consulting fees.

"In the second quarter, successful pivotal Phase 3 results for XIAFLEX(TM) to treat Dupuytren's Contracture were announced by our partner Auxilium, Inc. We continue to expect a biologics license application (BLA) filing for this product with the U.S. Food and Drug Administration in early 2009. In addition, we expect Auxilium to initiate a Phase 2b trial for XIAFLEX in Peyronie's Disease later this quarter," commented Thomas Wegman, President of BioSpecifics Technologies Corp. "We were also pleased to announce that we strengthened our balance sheet through a private placement of equity at a premium."

Research and development expenses for the second quarter of 2008 were $94,000, compared to $72,000 for the same period in 2007. For the six months ended June 30, 2008, research and development expenses were $189,000, compared to $458,000 for the same period in 2007. The decrease in research and development expenses was primarily due to lower third-party development costs primarily offset by certain external study development costs.

General and administrative expenses for the second quarter of 2008 totaled $ 1.2 million, compared to $813,000 for the
'/>"/>

SOURCE BioSpecifics Technologies Corp.
Copyright©2008 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5 6

Related biology technology :

1. BioSpecifics Technologies Corp. Announces Additional Sales of Stock in Private Placement Offering
2. BioSpecifics Technologies Corp. Announces Sale of Stock in Private Placement Offering
3. BioSpecifics Technologies Corp. Announces Repayment of Outstanding Loan
4. BioSpecifics Technologies Corp. Announces Sale of Stock in Private Placement Offering
5. BioSpecifics to Present at the 9th Annual Healthcare Conference of Acumen Bio Fin Rodman Renshaw LLC
6. Mark C. Mirken Named New CEO and Chairman of the Board of Millennium Biotechnologies, Inc.
7. ImmunoVaccine Technologies Broadens Its Patent Protection to Japan
8. Neurobiological Technologies Reports Receipt of $2.1 Million Royalty Payment for Quarterly Sales of Memantine
9. MaxWell Biocorporation, LLC, and International Medical Information Technologies, Inc., Announce Partnership
10. Senesco Technologies Announces Successful Completion of First Milestone Related to Agreement with Bayer CropScience
11. [video] Edward Spink, CEO of TurboSonic Technologies, Inc. Discusses Contract With Biofuel Producer in Exclusive Interview on WallSt.nets 3-Minute Press Show

Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/24/2009)...RNewswire-FirstCall/ -- IES (Nasdaq: IESC ), a le...ations systems and services for the commercial, in...that its commercial business group has been awarde...he electrical systems for the Level 4 bio-safety l...edical Research Institute of Infectious Diseases (...
(Date:11/24/2009)... Nov. 24 Two more prestigious univ...,s leading online job board and careers site for l...Columbia University are now members of the job boa...nstitutions. ,, The job board, www.biocareerce...sciences. While there are hundreds of life science...
(Date:11/24/2009)...PRNewswire-FirstCall/ -- Sigma-Aldrich Corporation... OMX conference on Tuesday, December 1st at 1:45 P...s may listen via live audio broadcast over the Int... a ldrich.com/ . Users can click the "Webcast"...ldrich: Sigma-Aldrich is a leading Life Science ...
(Date:11/24/2009)...4 /PRNewswire-Asia/ -- NOD Pharmaceuticals Inc. an... has allowed the patent application for,its nano-p... NOD technology is a highly efficient approach to...e nano-particles to enable oral delivery of drugs,...gy is a platform technology,that can be applied to...
Breaking Biology Technology:Integrated Electrical Services Awarded Contract to Provide Electrical Systems for U.S. Army Medical Research Institute of Infectious Diseases 2Two Major Universities Join Nation's Leading Postgrad Bio Job Board 2
...stem known as the Critical Infrastructure Data Sys...is being used to monitor healthcare critical needs...that continues to be affected by hurricanes Katrin...atrina, the U.S. Department of Health and Human Se... information regarding healthcare facilities to re...
...rp. on Oct. 21 will officially open its Fox Valley...lowed by a public open house event Saturday, Oct. ...ter in the United States with the other being loca...Township, Mich. , ,The 10,000-square-foot trainin...teach 27 different programming, application and ma...
...ate voted 17-16 Tuesday night to reject an amendme...bill on course for a likely veto by Gov. Jim Doyle...wn as AB 499, on Wednesday. It would outlaw not on...at proponents call therapeutic or research cloning... as an original subject for the purposes of harves...
Other Biology Technology:Healthcare needs of hurricane-hit region being monitored by West Allis company's system 2Amendment on cloning ban rejected; vote on bill set for Wednesday 2
(Date:11/26/2009)...tehead researchers have developed a new type of ge...genes and proteins used by pathogens, according to...cultures genes are present in two copies: one inhe...e inactivation by mutation is therefore inefficien... copy usually remains active and takes over. , I...
(Date:11/25/2009)...es. In addition to mammalian immune systems that b...bacteriophages, viruses that kill half the bacteri...d another class of microorganisms called archaea (...eep-sea volcanic vents) manage just fine, thank yo...stem that helps protect them from many viruses and...
(Date:11/25/2009)...ssors recently received funding from the National ...ficial to understanding the environment. The three... assistant professor in the Department of Biologic...arate research projects. , His first project, ti... Functions from the Leaf to the Landscape," will e...
Breaking Biology News(10 mins):Knockouts in human cells point to pathogenic targets 2Researchers discover biological basis of 'bacterial immune system' 2Researchers discover biological basis of 'bacterial immune system' 3Kent State University professors focus research on the environment with grants totaling $890,000 2Oklahoma Drug Card Savings Surpasses 243 8 Million 53166 1Osteotech Reports Second Quarter 2009 Financial Results 53163 1Osteotech Reports Second Quarter 2009 Financial Results 53163 2Osteotech Reports Second Quarter 2009 Financial Results 53163 3Osteotech Reports Second Quarter 2009 Financial Results 53163 4Osteotech Reports Second Quarter 2009 Financial Results 53163 5Osteotech Reports Second Quarter 2009 Financial Results 53163 6Osteotech Reports Second Quarter 2009 Financial Results 53163 7Osteotech Reports Second Quarter 2009 Financial Results 53163 8Osteotech Reports Second Quarter 2009 Financial Results 53163 9Indoor Tanning Association Fights Back Against Media Hype over Tanning Beds 53159 1Indoor Tanning Association Fights Back Against Media Hype over Tanning Beds 53159 2
... often overlooked, and were once thought to be too...ses, but in recent years the study of small ribonu... from the University of Illinois has identified th...players, a 200-nucleotide-long RNA molecule in bac...t 80 known small RNAs common to many bacteria. It ...
..., Ill. Researchers at the University of Illinois ...ranes for water treatment and drug delivery. The h...on the incorporation of the functional water chann... copolymer., The experimental membranes, currently...r water transport than existing reverse-osmosis me...
...O, USA - Topics include: onset of plate tectonics ...e system; cause of the end-Permian mass extinction...hominins; an ancient mantle plume and the break-up...melting glaciers; monitoring Mt. Etna gas composit... of the PETM. The GSA TODAY science article examin...
Other Biology News:Small RNA plays parallel roles in bacterial metabolism 2Researchers develop better membranes for water treatment, drug delivery 2December GEOLOGY and GSA TODAY media highlights 2December GEOLOGY and GSA TODAY media highlights 3December GEOLOGY and GSA TODAY media highlights 4December GEOLOGY and GSA TODAY media highlights 5December GEOLOGY and GSA TODAY media highlights 6December GEOLOGY and GSA TODAY media highlights 7December GEOLOGY and GSA TODAY media highlights 8December GEOLOGY and GSA TODAY media highlights 9December GEOLOGY and GSA TODAY media highlights 10
BD BioCoat Collagen IV 35 mm Culture Dishes from BD Biosciences - Discovery Labware
...signed for sequencing inserts cloned into M13/pUC-...r T3 RNA polymerase promoters, or lambda gt10 and ... of 0.1 µg/µl in water. The primers are ...ing SequiTherm™ EXCEL™ II DNA Polymerase...
BD BioCoat Matrigel Matrix 35 mm Culture Dishes from BD Biosciences - Discovery Labware
BD BioCoat Collagen I 35 mm Culture Dishes from BD Biosciences - Discovery Labware
Biology Products: