BioSpecifics Technologies Corp.: Form 8-K - Prepared by TNT Filings Inc.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): April 28, 2009

BIOSPECIFICS TECHNOLOGIES CORP.

(Exact name of registrant as specified in its charter)

     
     
Delaware 0-19879 11-3054851
(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
Of Incorporation)   Identification No.)
     
     
  35 Wilbur Street  
  Lynbrook, NY 11563  
(Address of Principal Executive Office) (Zip Code)
     
  516.593.7000  
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Introductory Comment

Throughout this Current Report on Form 8-K, the terms "we," "us," "our" and "Company" refer to BioSpecifics Technologies Corp.

ITEM 8.01. OTHER EVENTS

On April 28, 2009 the Company announced that the U.S. Food and Drug Administration (the "FDA") has accepted the Biologics License Application ("BLA") filed by its partner Auxilium Pharmaceuticals, Inc. ("Auxilium") for the use of XIAFLEX™ for the treatment of Dupuytren’s disease and that the application has been granted Priority Review status, indicating that the FDA is expected to take action on the application by August 28, 2009. The BLA acceptance triggers a milestone payment to the Company under the Amended and Restated Development and License Agreement between the Company and Auxilium, effective as of December 17, 2008.

A press release regarding the announcement is attached hereto as Exhibit 99.1.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(d)     Exhibits

Exhibit No.

Description

   
99.1 Press release dated April 28, 2009

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

Date: April 29, 2009

BIOSPECIFICS TECHNOLOGIES CORP.

 

(Registrant)

 

 

 

 

 

/s/ Thomas L. Wegman

 

Thomas L. Wegman

 

President

 


EXHIBIT INDEX

Exhibit No.

Description

   
99.1 Press release dated April 28, 2009