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Are Biospecifics & the Phase III trials nearing bankrupcy?
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Mike

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Mike

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Are Biospecifics & the Phase III trials nearing bankrupcy?

Read the following excerpt from Biospecific's last quarterly report:

"As of the date of this quarterly report, we have limited cash resources available to fund our operations. If we are unable to obtain funding in the next few months, our cash reserves will be depleted, and we may have to cease operations or explore available alternatives."

Biospecifics (BSTC) expects operating losses to continue while they attempt to get their upgraded manufacturing facility in Curacao approved by the U.S. Food and Drug Administration ("FDA"). Without an FDA approved facility, BSTC cannot produce collagenase for use in the United States and thereby cannot generate much needed revenue.

It appears that Biospecifics does not have the capital or funding to survive, and thus the potential demise of Phase III DP collagenase trials. Does anyone have further information regarding what appears to be a rather bleak outlook for BSTC and the Phase III trails?

Mike

jim h

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jim h

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It appears that BSTC could cease operations. And if they do, this forum will probably be shut down too, without warning. Discussion could then move to www.dupuytren.org.

I hope BSTC makes it, but even if they do, treatment by inectable Collagenase still appears to be years in the future.

I'm not counting on Collagenase, it's just a long-term possiblitiy. What I really want to see is NA performed in the U.S.

Miriam

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Miriam

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Jim
I was most distressed to learn about the possibility of BST's possible demise.

Everything seems to point toward the very necessity of everyone getting together and organizing a movement to require the FDA to research and fund NA in this country.
Anyone have ideas on how we could go about this as a group?

I'm listening...... thanks, Miriam

JERRY 

JERRY 
AMA

I presented the AMA with much data and directed them to many of our websites in the hope that they would learn from our experiences.

5 weeks later I have yet to receive even an acknowledgement.





Jan

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Jan

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get NA in US

Interesting...maybe we all need to start writing letters.
This hope of collagenase injections has been going on for too many years. NA should be performed in the US. Otherwise, we go to Europe. Hopefully, soon it will be available in Montreal. In the meantime, learn all you can to make your liver healthy.

jim h

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jim h

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alzheimer~sq~s and dupuytren~sq~s--any link?

When I said "it appears BSTC could cease operations" I was just commenting on their public statements - I have no inside information. Many companies come close to running out of cash, then find new financing. Or, BSTC's assets - including the Collagenase work in progress - could be sold to some other company having the capital to move the trials forward.

I suggest we just think of Collagenase as one possible treatment, years in the future. As I understand it, it accomplishes the same thing as NA - snapping the cord - but in a different way. In NA, a serrated needle is used to weaken the cord until it can be snapped. An injection of Collagenase does the same thing - it weakens the cord by dissolving it, then it's snapped mechanically. Perhaps there's less risk of nerve damage with the Collagenase injection, but there might be other drawbacks.

I'm hoping the Canadian NA practicioner meets with success.

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