Attached files
file | filename |
---|---|
EX-10.1 - AMENDMENT DATED MARCH 31, 2012 - BIOSPECIFICS TECHNOLOGIES CORP | exhibit10-1.htm |
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE
ACT OF 1934
Date of Report (Date of Earliest Event Reported): March 31, 2012
BIOSPECIFICS TECHNOLOGIES CORP.
(Exact name of registrant as specified in its charter)
Delaware | 001-34236 | 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
(Registrants 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))
EXPLANATORY NOTE
This Amendment to Form 8-K on Form 8-K/A (the Amendment) amends and restates in its entirety the Current Report on Form 8-K of BioSpecifics Technologies Corp. (the Company) filed with the Securities and Exchange Commission (the Commission) on April 5, 2012 (the Original Filing). This Amendment is being filed to (i) amend and restate Item 1.01 of the Original Filing in its entirety to supplement and correct the description of the material definitive agreement set forth in the Original Filing and (ii) to file the revised redacted version of Exhibit 10.1 to the Original Filing in response to comments received from the Staff of the Commission on the confidential treatment request by the Company with respect to such agreement. Confidential treatment has been requested for certain portions of such agreement. Omitted portions of such agreement have been filed separately with the Commission.
INTRODUCTORY COMMENT
Throughout this Current Report on Form 8-K, the terms we, us, our and Company refer to BioSpecifics Technologies Corp. and its subsidiary, Advance Biofactures Corporation.
ITEM 1.01. ENTRY INTO MATERIAL DEFINITIVE AGREEMENT
On March 31, 2012, the Company entered into an amendment to its existing agreement with Dr. Martin K. Geldbard, dated August 27, 2008, related to the Companys future royalty obligations for Peyronies disease. The amendment enables the Company to buy down a portion of its future royalty obligations in exchange for an initial cash payment payable within ten days of signing and five additional cash payments payable upon the occurrence of a milestone event.
A copy of the form of amendment is attached hereto as Exhibit 10.1 and incorporated by reference into this Item 1.01. The foregoing description of the amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the amendment.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) | Exhibits | |
10.1 | Amendment dated March 31, 2012* |
* Portions of Exhibit 10.1 have been omitted pursuant to a request for confidential treatment.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 8, 2012 | BIOSPECIFICS TECHNOLOGIES CORP. |
(Registrant) | |
/s/ Thomas L. Wegman | |
Thomas L. Wegman | |
President |
EXHIBIT INDEX
Exhibit No. | Description |
10.1 | Amendment made as of March 31, 2012 |