Extension 06/30/05

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 
WASHINGTON, D.C. 20549
 
FORM 12b-25
 
Commission File Number
 
NOTIFICATION OF LATE FILING
 
(Check One):
 
Form 10-K
 
Form 11-K
 
Form 20-F
 
X Form 10-Q
 
For Period Ended: June 30, 2005
 
Transition Report on Form 10-K
 
Transition Report on Form 10-Q
 
Transition Report on Form 20-F
 
Transition Report on Form N-SAR
 
Transition Report on Form 11-K
 
 

 
For Transition Period Ended:      
 
Nothing in this Form shall be construed to imply that the Commission has verified any information contained herein.
 
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
 
 
 

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Part I -   
Registrant Information
 
Full Name of Registrant:     Biospecifics Technologies Corp. 
 
Former Name if Applicable:   
 
Address of Principal Executive Office (Street and Number):  35 Wilbur Street 
 
City, State and Zip Code:     Lynbrook, NY 11563 
 
 
Part II -   
Rule 12b-25(b) and (c)
 
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate.)
 
 
X
 
 
The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
 
 
The subject annual report, semi-annual report, transition report on Form 10-K, 10-KSB, 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or before the 15th calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
 
 
The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
 
Part III -   
Narrative
 
State below in reasonable detail the reasons why the Form 10-K, 10-KSB, 11-K, 20-F, 10-Q, 10-QSB, N-SAR or portion thereof could not be filed within the prescribed time period.
 

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Additional time required for the filing of the 10-QSB for the quarter ended June 30, 2005 due to the preparation and analysis of certain documents and transactions.
 
Other Information
 
(1)
Name and telephone number of person to contact in regard to this notification:
 
Lawrence Dobroff
516
593-7000
(Name)
(Area Code)
(Telephone Number)

 
(2)
Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify the report(s):
 
X Yes  No
 
(3)
Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
 
Yes X  No
 
If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
 
BIOSPECIFICS TECHNOLOGIES CORP.
(Name of Registrant as specified in charter)

 
Has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
 
Date: August 15, 2005
By:
/s/ Lawrence Dobroff
Name:
Lawrence Dobroff
Title:
Chief Financial Officer