Biospecifics Technologies is a biopharmaceutical company involved in the development of an injectable collagenase clostridium histolyticum (CCH). Co. maintains intellectual property with respect to injectable CCH that treats, among other indications, Dupuytren's contracture (DC), Peyronie's disease (PD), frozen shoulder syndrome, and uterine fibroids. Injectable CCH is approved and marketed under the trademark XIAFLEX® for the treatment of both DC and PD. Co. is evaluating CCH as a treatment for uterine fibroids. Under its license agreement with Endo International plc's (Endo), Endo has the right to develop CCH for frozen shoulder and plantar fibromatosis, and other licensed indications. We show 45 historical shares outstanding datapoints in our BSTC shares outstanding history coverage, used to compute BSTC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing BSTC market cap history over the course of time is important for investors
interested in comparing BSTC's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of BSTC versus a peer is one thing; comparing
BSTC market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like BSTC can fluctuate over the course of history.
With this page we aim to empower investors researching BSTC by allowing them to research the BSTC market cap history. |
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Video: The Importance of Market Cap
