BioSpecifics Technologies Corp. Announces Appointment Of Max Link, Ph.D. To Board

BioSpecifics Technologies Corp.

, a biopharmaceutical company developing first in class collagenase-based products, today announced the appointment of Max Link, Ph.D. to its Board of Directors, effective August 4, 2014, with a term of office expiring and to be renewed at the 2016 Annual Meeting of Stockholders. BioSpecifics also announced today that as of August 15, 2014, Henry G. Morgan will retire from the Board of Directors after 24 years of service but will continue to act in a consulting capacity. Effective upon Mr. Morgan's retirement and in addition to serving as a Class II director, Dr. Link will be appointed as Chair of the Compensation Committee and as the Audit Committee Financial Expert. "Max brings an unparalleled level of experience to BioSpecifics having served on the executive team and Board of Directors of some of the most respected companies in our industry. We feel privileged to welcome him to the Board and believe he will offer valuable insight as we pursue our corporate strategy going forward," reflected Thomas L. Wegman, President of BioSpecifics. "We want to sincerely thank Henry Morgan for his many years of exceptional guidance and insight through often challenging circumstances." Dr. Max Link has been actively involved as a Director in numerous biopharmaceutical and medical device companies including Discovery Laboratories, Celsion Corporation, CytRx, and Alexion Pharmaceuticals, where he has served as a director since 1992 and as the Chairman since 2002. From March 2002 until its acquisition by Zimmer Holdings, Dr. Link served as Chairman and CEO of Centerpulse, Ltd., a medical implant company. From May 1993 until June 1994, he served as the CEO of Corange Ltd, the holding company for Boehringer Mannheim, Boehringer Mannheim Diagnostics and Depuy International. From 1992 to 1993, Dr. Link was the Chairman of Sandoz Pharma, Ltd, where he also served as CEO and a member of the Executive Board of Sandoz Ltd. for five years. Prior to 1987, Dr. Link served in various capacities with the U.S. operations of Sandoz, including President and CEO. Dr. Link holds a Ph.D. in economics from the University of St. Gallen. "I am honored to be joining the BioSpecifics' Board of Directors at a time when XIAFLEX is gaining credible commercial and development traction. I have been following the Company for many years through continued profitability and success, and I look forward to offering guidance to maintain this momentum as we await regulatory reviews to broaden XIAPEX in Europe and XIAFLEX into Japan, and push forward in new clinical and preclinical indications," commented Dr. Link.