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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
BioSpecifics Technologies Corp.
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
090931106
(CUSIP Number)
September 23, 2008
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
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Rule 13d-1(b) |
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Rule 13d-1(c) |
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Rule 13d-1(d) |
*The remainder of this cover page shall be filled out for a reporting persons initial filing on
this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be filed for
the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to
the liabilities of that section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
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CUSIP No. |
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090931106 |
13G |
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2 |
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of |
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9 |
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1 |
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NAMES OF REPORTING PERSONS.
I.R.S. Identification Nos. of above persons (entities only).
RA Capital Management, LLC |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Massachusetts |
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5 |
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SOLE VOTING POWER |
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NUMBER OF |
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629,544 |
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SHARES |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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0 |
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EACH |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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629,544 |
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WITH |
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SHARED DISPOSITIVE POWER |
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0 |
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9 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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629,544 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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11 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
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10.3% |
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12 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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IA |
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CUSIP No. |
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090931106 |
13G |
Page |
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3 |
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of |
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9 |
Pages |
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1 |
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NAMES OF REPORTING PERSONS.
I.R.S. Identification Nos. of above persons (entities only).
Richard H. Aldrich |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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United States |
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5 |
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
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SHARES |
6 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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629,544 |
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EACH |
7 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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0 |
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WITH |
8 |
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SHARED DISPOSITIVE POWER |
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629,544 |
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9 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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629,544 |
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10 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
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10.3% |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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IN |
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CUSIP No. |
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090931106 |
13G |
Page |
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4 |
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of |
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9 |
Pages |
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NAMES OF REPORTING PERSONS. I.R.S. Identification Nos. of above persons (entities only).
Peter Kolchinsky |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
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(b) o |
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3 |
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SEC USE ONLY |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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United States |
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5 |
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
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SHARES |
6 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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629,544 |
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EACH |
7 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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0 |
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WITH |
8 |
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SHARED DISPOSITIVE POWER |
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629,544 |
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9 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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629,544 |
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10 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
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10.3% |
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12 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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IN |
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CUSIP No. |
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090931106 |
13G |
Page |
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of |
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9 |
Pages |
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1 |
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NAMES OF REPORTING PERSONS.
I.R.S. Identification Nos. of above persons (entities only).
RA Capital Healthcare Fund, L.P. |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
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(b) o |
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3 |
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SEC USE ONLY |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware |
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SOLE VOTING POWER |
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NUMBER OF |
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621,691 |
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SHARES |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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0 |
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EACH |
7 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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621,691 |
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WITH |
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SHARED DISPOSITIVE POWER |
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0 |
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9 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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621,691 |
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10 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
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10.2% |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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PN |
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CUSIP No. |
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090931106 |
13G |
Page |
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of |
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9 |
Pages |
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1 |
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NAMES OF REPORTING PERSONS.
I.R.S. Identification Nos. of above persons (entities only).
RA Capital Healthcare Fund II, L.P. |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware |
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5 |
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SOLE VOTING POWER |
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NUMBER OF |
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7,853 |
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SHARES |
6 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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0 |
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EACH |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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7,853 |
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WITH |
8 |
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SHARED DISPOSITIVE POWER |
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0 |
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9 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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7,853 |
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10 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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o |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
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0.1% |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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PN |
TABLE OF CONTENTS
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CUSIP No. |
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090931106 |
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Page |
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7 |
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of |
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Item 1.
(a) Name of Issuer: BioSpecifics Technologies Corp. (the Issuer).
(b) Address of the Issuers Principal Executive Offices: 35 Wilbur Street, Lynbrook, NY 11563.
Item 2.
(a) Name of Person Filing: This joint statement on Schedule 13G is being filed by Richard H.
Aldrich, Peter Kolchinsky, RA Capital Management, LLC, RA Capital Healthcare Fund, L.P. and RA
Capital Healthcare Fund II, L.P., who are collectively referred to herein as the Reporting
Persons. Mr. Aldrich and Mr. Kolchinsky (together, the Managers) are the managers of RA Capital
Management, LLC (Capital), which is the sole general partner of each of RA Capital Healthcare
Fund, L.P. (Fund I) and RA Capital Healthcare Fund II, L.P. (Fund II). The Reporting Persons
have entered into a Joint Filing Agreement, dated as of the date hereof, a copy of which is filed
with this Schedule 13G as Exhibit 1 (which is incorporated herein by reference), pursuant
to which the Reporting Persons have agreed to file this statement jointly in accordance with the
provisions of Rule 13d-1(k) under the Act.
(b) Address of Principal Business Office: The principal business office of the Reporting Persons
with respect to the shares reported hereunder is 800 Boylston St., Suite 1500, Boston, MA 02199.
(c) Citizenship: Capital is a Massachusetts limited liability company. Each of Fund I and Fund II
is a Delaware limited partnership. The Managers are United States citizens.
(d) Title and Class of Securities: Common stock, par value $0.001 per share (Common Stock).
(e) CUSIP Number: 090931106
Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether
the person filing is a:
Not applicable.
Item 4. Ownership
In the aggregate, the Reporting Persons beneficially own 629,544 shares of the Common Stock of the
Issuer, representing approximately 10.3% of such class of securities. The beneficial ownership of
each Reporting Person is as follows: (i) Fund I beneficially owns 621,691 shares of Common Stock
representing approximately 10.2% of the class, (ii) Fund II beneficially owns 7,853 shares of
Common Stock representing approximately 0.1% of the class and (iii) Capital, as the sole general
partner of each of Fund I and Fund II, and Mr. Aldrich and Mr. Kolchinsky as the managers of Capital, each beneficially own 629,544 shares of Common Stock of the Issuer
representing approximately 10.3% of the class. The percentage of Common Stock beneficially
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CUSIP No. |
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090931106 |
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Page |
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owned
by each Reporting Person is based on a total of 6,138,000 shares of Common Stock of the Issuer
outstanding as of September 26, 2008, as reported to the Reporting Persons by the Issuer.
Each of Fund I and Fund II has the power to vote and dispose of the shares of Common Stock
beneficially owned by such entity (as described above). Capital, as the sole general partner of
each of Fund I and Fund II, has the sole authority to vote and dispose of all of the shares of
Common Stock reported in this Schedule 13G. The Managers, by virtue of their position as managers
of Capital, have the shared authority to vote and dispose of all of the shares of Common Stock
reported in this Schedule 13G.
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being
Reported on By the Parent Holding Company or Control Person
Not applicable.
Item 8. Identification and Classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
By signing below I hereby certify that, to the best of my knowledge and belief, the securities
referred to above were not acquired and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the securities and were not acquired and are
not held in connection with or as a participant in any transaction having that purpose or effect.
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CUSIP No. |
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090931106 |
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Page |
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9 |
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of |
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Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the
information set forth in this statement is true, complete and correct.
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DATE: September 29, 2008
RA CAPITAL HEALTHCARE FUND, L.P. |
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By: |
/s/ Peter Kolchinsky |
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Peter Kolchinsky |
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Manager |
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RA CAPITAL HEALTHCARE FUND II, L.P. |
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By: |
/s/ Peter Kolchinsky |
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Peter Kolchinsky |
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Manager |
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RA CAPITAL MANAGEMENT, LLC |
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By: |
/s/ Peter Kolchinsky |
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Peter Kolchinsky |
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Manager |
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RICHARD H. ALDRICH |
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/s/ Richard H. Aldrich |
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PETER KOLCHINSKY |
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/s/ Peter Kolchinsky |
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Exhibit 1
JOINT FILING AGREEMENT
Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the
undersigned hereby agrees, as of September 29, 2008, that only one statement containing the
information required by Schedule 13G, and each amendment thereto, need be filed with respect to the
ownership by each of the undersigned of shares of Common Stock of BioSpecifics Technologies Corp.,
and such statement to which this Joint Filing Agreement is attached as Exhibit 1 is filed
on behalf of each of the undersigned.
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RA CAPITAL HEALTHCARE FUND, L.P.
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By: |
/s/ Peter Kolchinsky |
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Peter Kolchinsky |
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Manager |
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RA CAPITAL HEALTHCARE FUND II, L.P.
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By: |
/s/ Peter Kolchinsky |
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Peter Kolchinsky |
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Manager |
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RA CAPITAL MANAGEMENT, LLC
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By: |
/s/ Peter Kolchinsky |
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Peter Kolchinsky |
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Manager |
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RICHARD H. ALDRICH
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/s/ Richard H. Aldrich
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PETER KOLCHINSKY
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/s/ Peter Kolchinsky
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