WILMINGTON, Del. (AP) — BioSpecifics Technologies Corp. (BSTC) on Monday reported third-quarter profit of $5.4 million.
The Wilmington, Delaware-based company said it had net income of 73 cents per share. Earnings, adjusted for stock option expense, were 79 cents per share.
The biopharmaceutical company posted revenue of $11.3 million in the period.
BioSpecifics shares have increased 55% since the beginning of the year. The stock has climbed 76% in the last 12 months.
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