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news.BioSpecifics Technologies has raised an aggregate amount of $1.12 million through the sale of 50,000 unregistered shares of its common stock priced at $22.50 per share.
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The shares were purchased by certain private investors on August 19, 2008. The shares were sold in a company managed private investment in public equity transaction at a premium over the market price. BioSpecifics did not grant options nor pay any commissions for this transaction.