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Home > Company Index > Drugs > Biotechnology-Medicine > Biospecifics Technologies Corp.

Biospecifics Technologies Corp.
Nasdaq: BSTC
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 PROFILE
Biospecifics Technologies is specific about its enzymes. Its main product, Collagenase ABC, is an enzyme that dissolves connective tissue and treats second- and third-degree burns, as well as bedsores and other skin ulcers. The firm makes the product and licenses it to other companies for sale; most sales are from a marketing pact with Knoll Pharmaceutical, which sells collagenase products in the US and Canada. Biospecifics has deals with other companies to sell its products in Europe and South America. Biospecifics is testing the collagenase as a possible treatment for glaucoma, skin deformities, and other conditions. Chairman and president Edwin Wegman and son Thomas together own about half of the firm.

 COMPETITION
Genzyme Corporation (GENZ)
Pfizer Inc (PFE)
Scios Inc. (SCIO)

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 FINANCIAL OVERVIEW
Fiscal Year-End: January
2001 Sales (mil.): 3.40
1-Yr. Sales Growth: (48.5)%
Employees: 44
Revenue per employee: $77,272.73

 KEY PEOPLE
• Edwin H. Wegman
    CEO
• Albert Horcher
    CFO

 CONTACT INFO
35 Wilbur St.
Lynbrook, NY 11563
US
Phone: 516-593-7000
Fax: 516-593-7039
Online: Web Site

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